Official statement from NDB Capital Holdings Limited
09.04.2026
A disclosure was made by our majority shareholder, National Development Bank PLC (NDB Bank), on 6th April 2026 informing the public of a fraud incident estimated at LKR 13.2bn which was limited to a certain area of operations at NDB Bank.
The disclosure can be found here.
A further update is provided by NDB Bank on its website, which can be accessed here.
NDB Bank has confirmed through the above disclosure and statement that whilst the Bank recognizes this as a serious matter and is treating it with the utmost urgency, customer balances remain intact and the Bank remains well capitalized with sound levels of liquidity.
We wish to inform the public that NDB Capital Holdings Limited, whilst being a majority owned subsidiary of NDB Bank, operates independently as a holding company offering a full gamut of investment banking services and is not affected by the above-disclosed fraud incident.
NDB Wealth Management Limited is a subsidiary of NDB Capital Holdings with an independent management structure and systems, operating as an Investment Manager and Managing Company, licensed and regulated by the Securities & Exchange Commission of Sri Lanka. NDB Wealth is not affected by the above-mentioned incident. Clients’ investments in NDB Wealth are secure, where assets are held independently by custodians and trustees ensuring separation from both NDB Bank and NDB Wealth.
NDB Securities Pvt Ltd is a subsidiary of NDB Capital Holdings with an independent management structure and systems. NDB Securities is not affected by the above-disclosed incident. NDB Securities is a licensed stockbroker, regulated by the Securities and Exchange Commission of Sri Lanka, acting as an intermediary executing transactions on behalf of clients in listed debt and equity securities in the Colombo Stock Exchange.
NDB Investment Bank Limited, a subsidiary of NDB Capital Holdings, operates within an independent management structure and operating procedures. NDB Investment Bank is not affected by the above-disclosed incident and does not act as a deposit taking or a custodian institution. NDB Investment Bank operates as a Corporate Finance Advisor, licensed and regulated by the Securities and Exchange Commission of Sri Lanka.
Other subsidiaries of NDB Capital Holdings similarly remain unaffected by the above-disclosed incident.
NDB Capital Group is committed to serving its clients and our relationship managers and advisors are ready to address any concerns.