Citizens Bank Concludes 20th Annual General Meeting, Approves 4 Percent Total Dividend

15th October 2026, Kathmandu

Citizens Bank International Limited has successfully concluded its 20th Annual General Meeting (AGM) in Kathmandu, formally endorsing a 4 percent total dividend alongside key financial statements for fiscal year 2082/83.

Citizens Bank 20th AGM 

Annual General Meeting Approvals, Dividend Breakdown, and Historical Track Record

The commercial bank convened its landmark 20th AGM under the chairmanship of Board Chairman Prabal Jung Pandey, approving annual reports, auditor recommendations, and dividend payouts.

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• Meeting Event Details: The 20th Annual General Meeting was held on Ashwin 28, 2083 (October 14, 2026), at Amritbhog, Kalikasthan, Dillibazaar, Kathmandu.
• Annual Financial Approvals: The general assembly discussed and unanimously passed the Board of Directors’ annual report, the auditor’s report, and the NFRS-compliant integrated financial statements—including the balance sheet, profit and loss account, and cash flow statement for the period ending Ashad masianta 2083.
• Total Approved Dividend: Endorsed a total dividend distribution of 4.00 percent from the distributable profits of fiscal year 2082/83.
• Bonus Share Component: Approved a 3.80 percent bonus share distribution amounting to NPR 579.28 million (NPR 57,92,83,617.34) based on the paid-up capital of NPR 15.247 billion (NPR 15,24,07,53,614) as of end-Ashad 2083.
• Cash Dividend for Tax Purposes: Approved a 0.20 percent cash dividend amounting to NPR 30.51 million (NPR 3,05,14,927.23) allocated specifically to cover dividend tax obligations arising from the bonus share distribution.
• Total Dividend Outlay: The combined value of the approved bonus shares and tax cash dividend equals NPR 609.80 million (NPR 60,97,98,544.57).
• Dividend Consistency Track Record: The bank has maintained an uninterrupted dividend distribution record since fiscal year 065/66, achieving a 20-year average annual dividend payout rate of 10.08 percent.

Product Innovations, Digital Banking Features, and Branch Network Footprint

During the meeting, the board chairman highlighted key digital product launches, youth-focused banking schemes, and physical operational expansion.

• Institutional Recognition: Named “Bank of the Year” by The Banker in both 2024 and 2025.
• Digital Payment Innovations: Launched the “Citizens Fonepay Credit Card” virtual credit card in partnership with Fonepay, alongside the “Citizens Digi Bank Service” integrated online platform.
• Dedicated Deposit Products: Introduced youth-oriented “Citizens Gen-Z Savings Account” and specialized “Freelancer Savings Account” tailored for digital freelancers.
• In-App Share and Banking Services: Enabled direct in-app ASBA share applications and C-ASBA number acquisition through the mobile banking application.
• Cross-Bank Teller QR Cash Withdrawal: Introduced cross-bank teller QR scanning functionality allowing non-customers to withdraw cash at Citizens Bank branch counters.
• Operational Scale and Outreach: Operates 200 branch offices, 167 ATM outlets, 3 extension counters, and 42 branchless banking units across 61 districts nationwide, serving over 2.078 million (20 lakh 78 thousand) customers.
• Official Media Release Authority: Issued by Narayan Raj Adhikari, Spokesperson / Information Officer of Citizens Bank International Limited.

For More: Citizens Bank 20th AGM