Kathmandu. Citizens Bank International is issuing preferential shares worth Rs 2 billion.
The eighth special general meeting (SGM) of the bank held today approved the decision to issue preferential shares as proposed by the Board of Directors of the bank. Now, the bank will issue a total of 20 million units of ‘Citizens Unreleased Stock Preference Share’ at a face value of Rs 100 per share, subject to the directive of Nepal Rastra Bank.
The bank has fixed a dividend rate of 7.5 percent. This means that the bank will distribute this dividend only in the year of profit.
