NDB Bank has revealed that it has detected a major fraud allegedly involving several of its employees acting in collusion with external parties, and has referred the matter to law enforcement authorities for a full investigation.
In an official statements to the Colombo Stocks Exchange as well as their customers , the bank said it moved swiftly to initiate both criminal investigations and internal inquiries into the incident. While preliminary estimates suggest the fraud may involve around Rs. 380 million, the bank cautioned that the final figure could be “substantially greater” as investigations continue.
The bank stated that it is currently unable to determine the exact financial impact and will provide further disclosures once more comprehensive reports are available. It also confirmed that the Central Bank of Sri Lanka (CBSL) has been informed and that it will fully cooperate with regulators to ensure accountability and mitigate any potential damage.
Despite the seriousness of the incident, NDB Bank emphasized that customer funds remain fully secure. It reassured depositors and stakeholders that there has been no impact on deposits, account balances, or day-to-day banking operations.
In a separate communication to customers, the bank reiterated that all services are functioning as usual and that it is taking additional steps to strengthen internal controls where necessary.
NDB Bank also urged the public to refrain from spreading unverified information and encouraged customers to seek clarification through official channels, including branches, its call centre, or relationship managers.
Reaffirming its commitment to transparency and accountability, the bank said it remains focused on maintaining the trust of its customers while ensuring that those responsible for the fraud are held fully accountable.
