Kathmandu. Citizens Bank International Limited has unanimously approved a 5.50% bonus share distribution and a 0.29% cash dividend for tax purposes from its distributable profit for fiscal year 2081/82 at its 20th Annual General Meeting (AGM).
The AGM was held on Wednesday, Ashwin 28, 2082, at Amrit Bhog in Kalikasthan, Dillibazar, Kathmandu, under the chairmanship of Prabal Jung Pandey, Chairperson of the bank’s Board of Directors.
5.50% Bonus Shares and 0.29% Cash Dividend
The meeting approved the issuance of bonus shares at a rate of 5.50% on the bank’s paid-up capital of Rs. 15,500,986,669 as of the end of Ashadh 2082. It also unanimously approved a 0.29% cash dividend for tax purposes.
The bank stated that it has been distributing dividends continuously since fiscal year 2065/66. According to the bank, its average dividend rate over the past 20 years stands at 10.06%.
Annual Report and Financial Statements Approved
The AGM discussed and approved the Board of Directors’ annual report for fiscal year 2081/82. It also approved the consolidated financial statements prepared in accordance with Nepal Financial Reporting Standards (NFRS), including the balance sheet as of the end of Ashadh 2082, the profit and loss statement for fiscal year 2081/82, the cash flow statement and other financial statements, together with the auditor’s report.
The bank acknowledged suggestions provided by shareholders and emphasized the importance of their continued cooperation and goodwill in supporting the bank’s future progress and service expansion.
Citizens Bank reaffirmed its commitment to maintaining high standards of corporate governance and regulatory compliance, with plans to strengthen these areas further. The bank also thanked shareholders and other stakeholders for their continued support.
Recognized as Bank of the Year 2024 and 2025
Citizens Bank stated that it had received the internationally recognized Bank of the Year 2024 and Bank of the Year 2025 titles.
In collaboration with Fonepay Nepal, the bank previously introduced the Citizens Fonepay Credit Card, a virtual credit card service described by the bank as Nepal’s first of its kind.
The bank has also launched the Citizens Gen-Z Saving Account and an integrated online platform called Citizens Digital Bank Service. In addition, it introduced the Kriyasheel Saving Account, a savings product aimed at the Kriyasheel customer segment.
Other digital initiatives include facilities to apply for shares and access CRN number services through the bank’s mobile banking application. The bank has also introduced a cross-bank teller service that allows customers of other banks to withdraw cash from Citizens Bank branches by paying the applicable teller fee.
200 Branches Serving More Than 2 Million Customers
Citizens Bank operates a nationwide network covering 51 districts, comprising 200 branches, 167 ATMs, three extension counters and 42 branchless banking units.
According to the bank, this network serves approximately 2.075 million customers with modern banking services.
The bank has reiterated its commitment to expanding services, improving customer convenience, introducing digital banking solutions and strengthening corporate governance in the coming days.
