The bank has also conducted a 'Seminar on Koshi Leadership: Inspiring Performance and Achieving Excellence' program in Koshi Province among its State Heads, Cluster Heads, Branch Managers and other colleagues.
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In the financial year 2081/82, Citizens Bank International Limited's lending has increased by 11.15 percent. According to the bank, the loan disbursement reached 1 trillion 75 billion 16 million rupees during the review period.
Earlier, at the end of June 2080/81, this amount was 1 trillion 57 billion 58 crore rupees. The bank has also reported an increase of 11.69 percent in deposit collection. According to the bank, total deposits have reached 2 trillion 14 billion rupees.
This is about 22 billion rupees more than the previous year. With an increase of 11.20 percent in net interest income, this amount has reached 6 billion 36 million rupees. The loan-deposit ratio (CD ratio) is 81.91 percent, which shows that the bank's liquidity management is balanced. During this period, the rate of return on assets was 0.55 percent and the rate of return on capital was 5.81 percent.
Bank increased the indicators like loans, deposits, net interest income by double digits until the end of June, reduced the cost of funds, reduced the base rate and made significant improvements in credit risk management.
bank has also received the title of 'Bank of the Year 2024'. In collaboration with PhonePay, for the first time in Nepal, 'Citizens PhonePay Credit Card' virtual credit card has been launched.
Meanwhile, the bank has also organized a 'Seminar on Koshi Leadership: Inspiring Performance and Achieving Excellence' program in Koshi province among its regional heads, cluster heads, branch managers and other colleagues. In the
seminar, there was an in-depth interaction on the issue of strengthening cooperation between the central government and the state by discussing the review of the work progress of the last financial year and the priorities of the current financial year. Last time a similar seminar was conducted in Madhesh and Bagmati provinces.
