NDB Capital Safe After Internal Fraud Disclosure
Summary
The Central Bank of Sri Lanka (CBSL) issued a public notice confirming it is closely monitoring National Development Bank PLC (NDB) following disclosure of an internal fraud. CBSL assessments indicate NDB maintains capital and liquidity levels well above minimum regulatory requirements. Customer accounts and deposits remain safe and secure with no impact reported. CBSL states it stands ready to take measures to safeguard bank stability and protect depositor interests.
What changed
CBSL issued a notice on April 10, 2026, stating it is monitoring NDB after an internal fraud disclosure. The bank confirms NDB's capital and liquidity exceed regulatory minimums and that customer accounts and deposits are unaffected.\n\nBanks and financial institutions should monitor for any further updates from CBSL regarding this matter. While no immediate compliance actions are required, the notice signals ongoing supervisory attention to the bank.
What to do next
- Monitor for updates from CBSL
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 - Subsequent Update on Internal Fraud
The Central Bank of Sri Lanka (CBSL) wishes to inform the public that it has been closely monitoring developments relating to National Development Bank PLC (NDB) following the recent disclosure of an internal fraud. Based on assessments carried out thus far, NDB continues to operate with capital and liquidity levels well above the minimum regulatory requirements. Importantly, the incident has not had any impact on customer accounts or deposits, which remain safe and secure. CBSL maintains close and continuous engagement with the bank and relevant stakeholders. CBSL stands ready to take any measures, if required, to safeguard the stability of the bank and to protect the interests of depositors.
Bank Supervision Department 10.04.2026
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