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Business reporting training concludes<br/>Citizens Bank announces rights shares

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KATHMANDU, Sept 15: Two-week long business reporting training for journalists concluded in the capital on Tuesday. [break]



The ´Introductory Training on Economic and Financial Reporting for Journalists´ was organized jointly by Securities Board of Nepal (SEBON) and Society of Economic Journalists-Nepal (SEJON) to strengthen capacity of journalists in reporting of financial and capital market issues. A total 32 business journalists from different media houses had participated in the training.



Speaking on the occasion, Surbir Paudel, chairman of SEBON, assured his organisation´s support for more trainings to strengthen the capacity of business journalists. Narayan Sapkota, president of SEJON, asked SEBON to help conduct different levels of training to businesses journalists based on their experience and capacity.



Keshab Prasad Acharya, senior economic advisor -Ministry of Finance; Dr Rudra Suwal, director-Central Bureau of Statistics; Pramod Bhattarai, deputy general manager-Nepal Stock Exchange; senior chartered accountant Jagadish Agrawal; Deepak Raj Kafle, former chairman-SEBON; Neeraj Giri and Parishtha Poudel, directors-SEBON; Mekha Bahadur Thapa, deputy director-SEBON and senior journalists Binod Bhattarai and Prem Khanal were the resource persons.





Citizens Bank announces rights shares



KATHMANDU, Sept 15: 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.



Issuing a statement, the bank said it collected Rs 11.52 billion in deposits and mobilized Rs 8.21 billion in loans.The bank is also planning to operate at least one branch in each zone and have 30 branches within two years.



The bank currently has 17 branches. Citizens Bank also has a Sun Karja scheme from its branches in Biratnagar, New Road and Bauddha, it said.



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