Citizens Bank holds leadership seminar, reports strong double-digit growth
The seminar was attended by CEO Ganesh Raj Pokharel, Deputy CEO, and other senior executives of the bank.
KATHMANDU: Citizens Bank International Limited organized an ‘Inspiring Leadership and Performance Seminar: Achieving Budget Goals and Operational Success in Gandaki, Karnali, and Sudurpaschim’ for its provincial heads, cluster heads, branch managers, and other team members in Gandaki, Karnali, and Sudurpaschim provinces.
The seminar was attended by CEO Ganesh Raj Pokharel, Deputy CEO, and other senior executives of the bank.
The program focused on reviewing the progress of the previous fiscal year, discussing priorities for the current fiscal year, and strengthening collaboration between the central and provincial offices.
Following similar seminars recently conducted in Madhesh, Bagmati, and Koshi provinces, this event continued the bank’s initiative to engage teams across the country, with Kathmandu serving as the central hub for coordination.
The bank reported notable achievements for the fiscal year 2081/82 up to the end of Ashad, including double-digit growth in loans, deposits, and net interest income, alongside reduced fund costs, a lower base rate, and significant improvements in credit risk management.
During the review period, the bank’s loan portfolio grew by 11.15%, reaching Rs 1.7516 trillion, up from Rs 1.5758 trillion at the end of Ashad 2080/81.
Deposits increased by 11.69%, totaling Rs 2.1408 trillion, an increase of approximately Rs 22 billion compared to the previous year.
Net interest income rose by 11.20%, reaching Rs 636 million.
The loan-to-deposit ratio (CD ratio) stood at 81.91%, reflecting balanced liquidity management, while return on assets (ROA) and return on equity (ROE) were maintained at 0.55% and 5.81%, respectively.
