Citizens Bank International Limited Approves Dividend Distribution and Reconstitutes Board at SGM

17th June 2026, Kathmandu

Citizens Bank International Limited has officially concluded its 8th special general meeting on 2083-03-03, Wednesday at the bank central head office located along Narayanhitipath, Kamaladi, Kathmandu.

Citizens Bank Concludes SGM

The high level legislative session was presided over by the Chairman of the Board of Directors, Mr Prabal Jung Pandey. Shareholders and proxy voters gathered to pass crucial structural amendments aimed at raising primary capital funds and diversifying corporate oversight portfolios.

The assembly approved a massive corporate financing layout to support upcoming business expansion plans and ensure full compliance with the strict macro prudential capital rules set by the central monetary authority.

Strategic Capital Expansion Approvals and Key Financial Scaling Targets

The special assembly successfully passed a major corporate finance resolution designed to strengthen the core capital architecture of the bank.

• Primary Governance Assembly: 8th Special General Meeting
• Authorized Corporate Finance Instrument: Perpetual Non Cumulative Preference Shares
• Total Financial Value of Approved Floating Asset: 2 Billion Nepalese Rupees
• Core Strategic Objectives: Increasing primary tier one capital adequacy ratios and boosting long term risk absorption capacities
• Lending Portfolio Destination: Supporting large scale credit expansion across infrastructure and retail business sectors

Reconstitution of the Board and Professional Profiles of Elected Directors

The voting delegates approved the election of 4 highly specialized professionals to fill vacant seats on the bank governing board of directors.

• Promoter Group Representation: Mr Anil Kumar Gyawali was elected to represent Class A institutional founding shareholders.
• Public Shareholder Representation: Mr Prakash Chandra Mainali, Dr Rajendra Pandit, and Mrs Hima Devi Khadka KC were elected to represent Class B retail investors, making a total of 3 public directors.
• Commercial Banking Expertise: Director Anil Kumar Gyawali brings decades of executive experience, having previously served as the Chief Executive Officer for 2 major commercial banks and the Nepal Infrastructure Bank. He holds a Master degree in Management from the Philippines and possesses direct experience working in an international bank.
• Central Banking Oversight Background: Director Dr Rajendra Pandit holds a specialized master degree in economics and brings over 20 years of direct policy experience from his past service at the central bank across various tiers. He is a recipient of multiple awards including the Prabal Jana Sewa Shree in 2017, the Laura Bassi Scholarship in 2024, and the Graduate School Dissertation Assistantship in 2023-2024.
• International Development and MSME Leadership: Director Hima Devi Khadka KC brings over 20 years of senior leadership and program management experience across global development agencies including UNDP, ILO, GIZ, and Oxfam GB. She has successfully led a diverse program portfolio worth approximately 100 Million US Dollars focused on economic revival, employment promotion, MSME development, and social resilience.
• Industrial Sector Integration: Director Prakash Chandra Mainali contributes over 9 years of joint venture commercial banking familiarity alongside extensive knowledge of national poultry production and service industries.

Expanding Commercial Infrastructure and Digital Service Reach

During the financial reporting session, the executive management team highlighted the steady growth of the physical and digital footprint of the bank across the nation.

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The commercial network now delivers advanced financial services to over 2,032,000 retail and corporate clients. The operating infrastructure spans 61 separate districts, comprising a unified network of 200 standard branches, 169 automated teller machines, 3 extended transaction counters, and 42 branchless banking units.

This extensive rural and urban grid helps drive the national financial inclusion agenda by bringing secure deposit lines, automated remittances, and small business credit facilities directly into unbanked regional economies.

Long Term Strategic Growth and Institutional Stability Outlook

Moving into the upcoming financial quarters, the approved preference share float gives the institution a highly stable capital cushion to withstand sudden economic shocks.

By successfully placing 2 billion rupees into perpetual capital reserves, the bank secures a reliable funding base to accelerate its high yield commercial loan disbursements without putting its regulatory coverage safety margins at risk.

This strengthened capital position, guided by a highly experienced new boardroom committee, balances steady corporate growth with strict risk management practices across the domestic marketplace.

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