The National Development Bank PLC (NDB Bank) says customer deposits and operations remain unaffected after the bank identified fraudulent activity involving internal personnel acting in collusion with external parties.
In a statement, NDB Bank said it wishes to assure all customers and stakeholders that the situation has no impact on customer deposits, account balances, or the bank’s day-to-day operations, noting that all funds remain safe and secure while business continues as usual.
The bank said the matter has been reported to law enforcement authorities, with both internal and external investigations currently underway.
NDB Bank also said it is working closely with authorities to pursue recovery action against those responsible, adding that further details will be shared once verified information becomes available.
The statement follows an earlier disclosure to the Colombo Stock Exchange in which the bank revealed that it had detected a fraud involving certain employees acting in connivance with third parties, with preliminary estimates indicating a potential loss of around Rs. 380 million. The bank noted at the time that the final amount could be higher pending the outcome of investigations.
NDB Bank further said it is taking steps to strengthen internal controls following the incident and urged the public to avoid speculation or spreading unverified information.
Customers seeking clarification have been advised to contact their nearest NDB branch, call centre, or relationship manager for accurate information.
NDB Bank also reaffirmed its commitment to transparency, accountability, and maintaining the continued trust of customers and stakeholders. (Newswire)