KATHMANDU, JANUARY 14
The Citizen Investment Trust (CIT) recorded a net profit of over Rs 1.25 billion after tax in the last fiscal year, officials said on Wednesday.
According to the Trust, Rs 251.2 million from the profit has been allocated to the general reserve fund, while the remaining amount will be distributed to members as bonuses. The decision was endorsed by the 31st Annual General Meeting (AGM), which approved the distribution of a five percent bonus share and an eight percent cash dividend.
The AGM was informed that net fund collection from various savings programmes stood at Rs 266.65 billion in the last fiscal year, while total savings mobilisation reached Rs 296.89 billion by mid-October 2025, the first quarter of the current fiscal year.
The meeting also endorsed the annual report, profit and loss account, cash flow statement, and other financial documents for fiscal year 2081/82, and unanimously elected Narayan Prasad Ghimire as the representative of general shareholders.
CIT Chair Tulasi Prasad Ghimire said shareholders' satisfaction with dividends and their feedback on employee facilities and capacity building were encouraging, pledging to further strengthen institutional efficiency.
Executive Director Parbat Kumar Karki said concerns raised during the AGM would be addressed, adding that the Trust is being run as a well-governed institution. He acknowledged challenges in recovering loans invested in Nepal Airlines Corporation, but expressed confidence in recovery as the Government of Nepal is the guarantor.
Karki also said the Trust has contributed to education, disaster management, and reconstruction under its social responsibility initiatives, while efforts are underway to digitise and secure institutional data.
(With inputs from RSS)
