Amid a massive internal fraud revelation, Sri Lanka’s Central Bank steps in to calm fears, assuring the public that banking stability and customer deposits remain fully protected.
The Central Bank of Sri Lanka has stated that it is closely monitoring the situation following the exposure of a major internal fraud at the National Development Bank, emphasizing that customer deposits remain secure.
In an official statement issued on April 10, the Central Bank confirmed that preliminary assessments indicate NDB Bank continues to maintain capital adequacy and liquidity levels well above the minimum regulatory requirements set for financial institutions.
The regulator further reassured the public that customer accounts and deposit funds have not been affected by the incident, reinforcing confidence in the banking system and financial safeguards.
According to the Central Bank, it is maintaining close and continuous engagement with NDB Bank as well as other relevant stakeholders, and remains prepared to take any necessary action to ensure financial stability and protect depositors if required.
NDB Bank had earlier revealed that an internal fraud involving a group of employees had been uncovered, with estimated losses amounting to approximately Rs. 13.2 billion, raising concerns across the financial sector.
Despite the scale of the fraud, the bank has clarified that customer balances remain unaffected and that normal banking operations continue without disruption, ensuring uninterrupted services for clients.
