Kathmandu, July 16
The Citizen
Investment Trust (CIT) has approved the proposed 25 per cent bonus shares and
1.315 per cent cash dividend allotted in the income distribution statement for
the Fiscal Year 2021/22.
The 28th
Annual General Meeting of the CIT held in the Capital on Sunday has approved
the proposed bonus shares and dividend.
Prof. Dr.
Surya Bahadur Thapa, Chairman of the Trust's board of directors, said that
Nepali citizens,who have not in the government, non-governmetn and private
sector and have been excluded from the CIT's services so far would be included
in its services.
He
emphasized on the opportunities that the savings collected by the CIT could be
used in projects of national pride, infrastructure development and productive
sectors while various loan agreements and capital market instruments could help
to diversify the investment of the company and offer opportunities to increase
retuns on the funds which would benefit the Trust as well as the participants.
Likewise, Executive
Director of the CIT, Raman Nepal, said that company's transactions will be
expanded in the future with the application of technology.
CIT's net
fund balance has reached Rs.214.79 billion by the end of the FY 2021/22. During
that period, the fund has invested Rs. 212.64 billion.
In a
statement issued on Sunday, the CIT said that it has been working to involve
the self-employed and foreign-employed Nepali citizens in its services.
Nepal also
informed that work is being done to enable such citizens to receive money
through the online system.
Meanwhile, Suresh
Prasad Khatri from National Life Insurance Compnay was elected unopposed to the
board of directors of the company from the banks and financial institutions group
for three years period.
No comments:
Post a Comment