Citizens Bank International Ltd announced 13% bonus shares & 5.95% cash dividend for FY 2070/71

Citizens Bank International Ltd has announced an attractive 18.95 percent dividend to its shareholders. The board of directors (BoD) meeting held recently proposed to distribute 13 percent bonus shares and 5.95 percent of cash dividend to its share holders.

The decision is, however, subject to the approval from the bank’s upcoming annual general meeting and the Nepal Rastra Bank (NRB).

According to the unaudited financial statement of the bank published recently, the bank earned a net profit of Rs 56.12 crore in the last fiscal year 2070/71, up from Rs 41.32 crore in the previous fiscal year 2069/70.

The bank had offered 15 percent cash dividend last year.-SSN