In a formal disclosure to the Colombo Stock Exchange (CSE), the bank stated that the fraudulent activity has been identified and promptly referred to law enforcement authorities for investigation and legal action.
According to the statement, the exact financial impact of the fraud remains uncertain, as both criminal investigations and internal inquiries are still ongoing. While initial estimates suggest losses of around Rs. 380 million, the bank cautioned that the final figure could be “substantially greater.”
NDB Bank emphasized that it is working closely with regulators, including the Central Bank of Sri Lanka (CBSL), to address the situation and mitigate any potential damage. The bank has pledged full cooperation with authorities and reaffirmed its commitment to holding those responsible accountable.
Despite the incident, NDB Bank reassured customers and stakeholders that all deposits and account balances remain secure, with no disruption to its daily operations. The bank continues to function normally and has taken steps to strengthen internal controls in response to the breach.
In a separate communication to customers, the bank urged the public to refrain from spreading unverified information and encouraged individuals seeking clarification to contact official NDB channels.
NDB Bank reiterated its commitment to transparency, accountability, and maintaining the trust of its customers as investigations continue
