NDB Bank incurred a loss of 13.2 billion due to employee fraud.

The Central Bank of Sri Lanka has been officially informed that the National Development Bank of Sri Lanka (NDB) could incur a significant loss of approximately LKR 13.2 billion due to a financial fraud committed by a group of its employees. The Central Bank, issuing a special statement regarding this fraudulent act, noted that NDB has confirmed that despite the reported financial loss, there has been no impact on the accounts or deposits of the bank's customers.

Based on the information provided by the National Development Bank, the Central Bank has conducted a preliminary financial assessment and it has been revealed that, despite the reported loss, the bank's capital adequacy and liquidity indicators remain above the minimum regulatory requirements. The Central Bank continues to monitor this situation to safeguard the stability of the banking system and emphasizes its readiness to take appropriate measures if necessary in the future.

The official statement also indicates that, should a need arise under existing legal provisions and procedures, the National Development Bank has the opportunity to access temporary liquidity facilities available with the Central Bank. Investigations into this massive internal bank fraud are underway, and the Central Bank is fully focused on ensuring the bank's operations continue while upholding financial sector standards.