Citizen Bank international Ltd. held its 3rd Annual general meeting here in `Rastriya Sabha Griha' Kathmandu Today, 15th September 2009 (2066 Bhadra 30). The AGM with investors consent approved to provide 10 percent cash dividend and right share in the ratio of 1:1 to augment its paid up capital to Rs. 2 billion. The 10 percent cash dividend will be distributing from tomorrow.Recently the bank has Rs. 1 billion paid up capital with 300 million collected from public issue and Rs. 700 million from its promoters. After the 1:1 right share the bank will have Rs. 2 billion in its paid up capital, at adequate level as per the provision of central bank to have paid up capital of Rs. 2 billion for commercial banks.
According to the fourth quarter financial report of the bank, it has posted Rs. 95.810 million net profit and Rs. 150.368 as operating profit for the fiscal year 2065/66. Likewise, the bank has Rs. 34.073 millions in its reserve and surplus account and borrowed Rs. 250 millions along with Rs. 11.524 billions deposits. According to its fourth quarter company analysis of fiscal year 2065/66, it has Rs. 9.58 earnings per share, P/E ratio of 68.89, net worth per share of Rs 103.41 and liquidity ratio of 14.36 percent.
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