Citizens Bank Becomes 1st Commercial Bank to Announce Dividend of Last FY

Aug 27, 2019 10:00 AM Merolagani

Citizens Bank (CZBIL) has become the first commercial bank to announce dividend of the last FY. The 308th board of directors meeting of the bank held on August 26 decided to propose 15 percent dividend to its shareholders.

The bank proposed to distribute 12 percent cash dividend worth Rs 1.45 billion and 3 percent bonus share worth Rs 251.1 million to the shareholders.

The proposed dividend is subjected to approval from NRB and the upcoming AGM of the bank.

In the previous FY, the bank distributed 3.63 percent stock and 1.64 percent cash dividend to its shareholders.

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