In a disclosure to the Colombo Stock Exchange (CSE), the bank stated that the fraud was confined to a specific area of its operations. It added that recovery efforts are currently underway with the support of law enforcement authorities.
NDB assured that customer balances remain unaffected and that normal banking operations continue without disruption. The bank also emphasised that it remains well capitalised and maintains sufficient liquidity.
The Central Bank of Sri Lanka (CBSL) has directed NDB to suspend a planned cash dividend payment and limit discretionary spending, including branch expansion. However, the regulator has permitted the continuation of the scrip dividend. CBSL has also extended regulatory support to ensure the bank maintains adequate capital and liquidity levels.
As part of its immediate response, the bank said it has suspended employees linked to the incident, secured relevant records, strengthened access controls, and placed the affected unit under new oversight.
NDB further stated that an independent forensic audit will be commissioned to investigate the matter and reinforce internal control systems.
