National Development Bank PLC (NDB Bank) confirms that it has identified a fraudulent activity involving internal personnel acting in collusion with external parties. The matter has been promptly reported to law enforcement authorities, and both internal and external investigations are currently underway.
At this stage, the Bank is working closely with authorities to pursue recovery action against the perpetrators. Further details will be shared as verified information becomes available.
NDB Bank wishes to assure all customers and stakeholders that this situation has no impact on customer deposits, account balances, or the Bank’s day-to-day operations. All funds remain safe and secure, and the Bank is operating business as usual.
In response to this incident, NDB is taking steps to further strengthen its controls, as deemed necessary.
We urge the public to avoid speculation or the spread of unverified information. Customers seeking clarification are encouraged to contact their nearest NDB branch, NDB call centre or relationship manager for accurate information.
NDB Bank remains committed to transparency, accountability, and the continued trust of its customers and stakeholders.
