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Citizens Bank International

Massive changes and developments have taken place during the past two decades in the financial sector. Amidst all these changes, for economic growth and development of New Nepal, Liberalization, Privatization and Globalization in this sector has given birth to the largest commercial bank, “Citizens Bank International Ltd”. The Bank is located at Sharada Sadan, Kamaladi, Kathmandu, the heart of financial sector of the country. It is promoted by eminent personalities/business and industrial houses and reputed individuals having high social standing. It is managed by a team of experienced bankers and professionals.

Vision
To be the leading bank known for its service excellence in the region

Mission:
To be a trustworthy partner for the progress of individuals and institutions by designing, producing and delivering the best financial solutions

 

Website of the Citizens Bank International: www.ctznbank.com

 

 

News about the Citizens Bank International
22-9-2009
Nepal Youth Society, Kathmandu, has conferred Rajan Singh Bhandari, chief executive officer of Citizens Bank International, with National Service Award 2009, recognizing his commitment, involvement and contribution in the development of the banking sector

15-9-2009
Citizens Bank International Ltd on Tuesday declared a net profit of Rs 15.8 million and an operating profit of Rs 184.5 million in fiscal year 2008/09. The 3rd annual general meeting (AGM) of the bank held Tuesday also approved distribution of 10 percent dividend to shareholders and a 1:1 rights issue

12-6-2009
The trading of ordinary shares of Citizen Bank International (CBI) and Bank of Asia (BoA)-Nepal started in the Nepal Stock Exchange (NEPSE) from Thursday. The NEPSE--the sole secondary market in the country--had listed the shares of both commercial banks for trading a few days ago.

22-4-2009
Citizens’ Bank International Ltd has completed its second year of operation and entered its third year. “After its successful primary issue, issued capital of the bank touched Rs 1 billion,” said the bank. It also posted operating profit of Rs 124.832 million by the end of the year 2065 BS. Currently, it is providing services through nine branches. Soon, it will open new branches in Birtamod, Narayanghat, Butwal, Dhangadhi, Kalanki, Nayabazar and Thahiti.

15-4-2009
Investors of Citizens’ Bank International Limited returned empty-handed and seething today when issue manager Ace Development Bank Limited failed to return their deposit. Nearly half of the collection money remained unreturned.
Citizens’ Bank shares were opened to the public from January 10 to 14 and the allocation was made on April 9. Around 17,750 people including 115 employees got shares whereas the total number of applicants was 275,042. The issue manager, Ace Development Bank, has to return full deposit of 58.64 million units of share equivalent to Rs 5.864 billion. Read more

13-2-2009
Citizens’ Bank International’s Initial Public Offerings is oversubscribed by over 15 times to around Rs 5 billion. “The IPOs subscription crossed Rs 3 billion till yesterday,” Pramod Pandeya, head-R&D at the Ace Development Bank, the issue manager of Citizens’ IPOs, said adding that today evening collection might touch around Rs 2 billion making it a total of around Rs 5 billion.


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