Wednesday, September 4, 2013

Citizens to issue dividend


Citizens Bank International is providing a 15 percent cash dividend to its shareholders. The decision was approved by Nepal Rastra Bank and the bank’s seventh annual general meeting. The bank, which has been serving its over 160,000 customers throughout the country from 34 branch offices, 36 branchless banking service points and 36 ATM terminals, has collected deposits of Rs 22.74 billion and issued loans amounting to Rs 17.95 billion in the fiscal year 2012-13. During the same period, the bank posted an operational profit of Rs 565.6 million and a net profit of Rs 413.2 million.

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