National Development Bank Internal Fraud Notice
Summary
The Central Bank of Sri Lanka has received notification from National Development Bank PLC that internal fraud was uncovered, potentially resulting in significant financial loss. Customer accounts and deposits remain unaffected. CBSL's preliminary assessment confirms prudential ratios for capital adequacy and liquidity remain above minimum regulatory requirements. CBSL will continue monitoring and has indicated temporary liquidity support is available to NDB under existing provisions.
What changed
National Development Bank PLC informed CBSL of internal fraud that could result in significant loss, though no customer accounts or deposits were affected. CBSL conducted a preliminary assessment and confirmed that capital adequacy and liquidity ratios remain above regulatory minimums. CBSL will continue monitoring the situation and can provide temporary liquidity support to NDB under existing laws and schemes if required.
Banks and financial institutions should note this fraud disclosure for awareness. The incident does not appear to require immediate action from other market participants as CBSL has assessed the impact as manageable and prudential requirements are maintained. No specific compliance obligations are imposed on other entities at this time.
What to do next
- Monitor for updates from CBSL regarding NDB fraud developments
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
National Development Bank PLC - Internal Fraud
The National Development Bank PLC (NDB) has informed the Central Bank of Sri Lanka (CBSL) that it has uncovered an internal fraud that could lead to a significant loss being incurred. CBSL has also been informed that no customer accounts or deposits have been affected by this fraud. CBSL has carried out a preliminary assessment of the financial impact on the basis of the information provided by NDB and is satisfied that notwithstanding the reported loss, the prudential ratios relating to capital adequacy and liquidity continue to be at levels above the minimum regulatory requirements. CBSL continues to monitor the developments and will take necessary measures, if required. In the event of necessity, NDB will also be able to access temporary liquidity available from CBSL to banks under the provisions of the relevant laws and schemes already in place.
06.04.2026 Bank Supervision Department
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