The Central Bank of Sri Lanka says it has been closely monitoring developments at National Development Bank PLC (NDB) following the recent disclosure of an internal fraud, while assuring that customer deposits remain safe.
In a statement issued on 10 April, the Central Bank said assessments carried out so far indicate that NDB continues to operate with capital and liquidity levels well above minimum regulatory requirements. The regulator also noted that the incident has not had any impact on customer accounts or deposits, which remain secure.
The Central Bank said it maintains close and continuous engagement with the bank and other relevant stakeholders, and stands ready to take any necessary measures to safeguard the stability of the bank and protect depositors if required.
Earlier, NDB disclosed that an internal fraud involving certain employees was detected, with the estimated exposure amounting to approximately Rs. 13.2 billion. The bank said customer balances remain unaffected and operations continue without disruption. (Newswire)