Citizens Bank Proposes 3.80% Bonus Shares and 0.20% Cash Dividend for Fiscal Year 2082/83

Citizens Bank has officially announced its dividend proposal for shareholders, drawing from the distributable profits of the fiscal year 2082/83.

The decision was finalized during the 521st meeting of the bank's Board of Directors held on Bhadra 31, 2083. According to the notice, the bank has proposed a 3.80 percent bonus share amounting to Rs. 58,92,83,617.34 and a 0.20 percent cash dividend totaling Rs. 3,10,14,927.23 strictly designated for tax purposes, calculated on the existing paid-up capital of Rs. 15,50,74,63,617 as of the end of Ashad 2083.

Shareholders should note that the distribution of these dividends is contingent upon final regulatory approval from the Nepal Rastra Bank and endorsement by the bank's upcoming Annual General Meeting.