Citizen Investment Trust Enters Into 33rd Year Of Operation
March 19, 2023 | Investopaper
Citizen Investment Trust (Nagarik Lagani Kosh) has entered its 33rd year of establishment.
The company was established in the 2048 BS with the aim of increasing investment by encouraging savings, conducting retirement fund and social security programs and bringing dynamics to the capital market.
The government owns 23.34 percent shares in the company while Rastriya Beema Sansthan has 31.55 percent ownership. Similarly, Nepal Stock Exchange owns 10 percent, other banks and financial institutions 15.11 percent and general public have 20 percent share ownership.
So far, the company has invested Rs. 2.05 billion. As of Poush’s end, 2079 BS, Citizen Investment Trust has the authorized capital and issued capital of Rs.8 billion, and the paid-up capital of Rs. 4.25 billion.
The investment fund is implementing programs such as employee savings retirement fund, insurance fund, gratuity and pension fund, investor account plan, citizen unit scheme, citizen pension plan, investment management, bridge gap loan, participant loan, project loan, securities investment etc.
