The Central Bank of Sri Lanka has moved to reassure the public following recent developments at National Development Bank PLC (NDB), where an internal fraud was disclosed.
In a statement issued on Friday, the Central Bank confirmed that it has been closely monitoring the situation and assessing its potential impact. According to its findings so far, NDB continues to operate with capital and liquidity levels well above the minimum regulatory requirements, indicating that the bank remains financially stable.
Crucially, the CBSL emphasized that the incident has had no effect on customer accounts or deposits, assuring the public that funds remain safe and secure.
The Central Bank further noted that it is maintaining close and continuous engagement with NDB and other relevant stakeholders as the situation evolves. Authorities have underscored their readiness to act if necessary, stating that appropriate measures will be taken to safeguard the bank’s stability and protect the interests of depositors.
The assurance comes as part of ongoing efforts to maintain confidence in the financial system while ensuring that any emerging risks are promptly addressed.
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