Citizens Bank issues preference shares worth Rs 2 billion

Anil Kumar Gyawali, representing the founding shareholders, and Prakash Chandra Mainali, Dr. Rajendra Pandit and Hima Devi Khadka KC, representing the general shareholders, were elected as directors at the special general meeting.

Ashad 3, 2083

Kantipur Reporter

Citizens Bank issues preference shares worth Rs 2 billion

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Citizens Bank International Limited is going to issue two billion rupees of unissued unconsolidated preference shares (preference shares).

The special general meeting has decided to issue two billion rupees of preference shares to increase the primary capital ratio, expand the bank's business and enhance its risk-bearing capacity.

The decision was taken by the bank's eighth special general meeting of the bank's board of directors.

Anil Kumar Gyawali, representing the founding shareholders, and Prakash Chandra Mainali, Dr. Rajendra Pandit and Hima Devi Khadka KC, representing the general shareholders, have been elected as directors.

Citizens Bank International Limited has been providing modern banking services through 200 branches, 169 ATMs, 3 extended counters and 42 branchless banking units spread across 61 districts across the country.

Kantipur

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