NDB Bank Reports Rs. 380 Million Internal Fraud; Customer Deposits Unaffected

National Development Bank PLC (NDB Bank) has reported an internal fraud involving certain employees acting in connivance with third parties. Preliminary estimates indicate a possible loss of around Rs. 380 million, though the final amount could be substantially higher as investigations continue. The bank has promptly referred the matter to law enforcement authorities and formally notified the Central Bank of Sri Lanka (CBSL), also disclosing it to the Colombo Stock Exchange. NDB Bank assures customers that their deposits, account balances, and day-to-day operations remain unaffected, with all funds safe and secure. The CBSL has conducted a preliminary assessment and confirmed that NDB's capital adequacy and liquidity ratios remain above minimum regulatory requirements, stating it will continue to monitor the situation.