Citizens Bank convenes its 15th AGM; endorses proposal of 16% dividend to shareholders

Citizens Bank International has convened its 15th AGM for the FY 2077-78 under the leadership of its chairman Mr. Rajan Singh Bhandari on Kartik 16, 2078.

Apart from the regular financial reports, The AGM has endorsed the board’s proposal to provide 12.913% bonus shares worth Rs 1.62 arba and 3.087% cash dividend worth Rs 38.82 crore to its shareholders from the profit it had made in the previous fiscal year. The new paid-up value of the bank will scale up to Rs 14.20 arba after capitalization of the endorsed bonus shares.

The AGM has also elected Mr. Prakash Chandra Mainali and Mr. Bijay Dhoj Karki as BoDs from the public shareholder group, as per the media statement.

The bank currently has 174 branches, 123 ATM booths, and 112 branchless banking units under its network.