Company filings, disclosures and news on National Development Bank PLC (NDB), Major Banks on the Colombo Stock Exchange, tagged by theme and scored for sentiment.
National Development Bank (NDB.N0000) said Deloitte's final forensic audit found Rs. 13.64 billion was misappropriated and it has engaged a foreign agency to trace and recover the stolen funds. The bank said no customers lost money, will recognise an additional Rs. 60m in its accounts and is implementing control and governance recommendations while pursuing legal action.
EconomyNext·Sep 29, 2026·Regulatory or legalNegative
NDB Bank said Deloitte's forensic review found the fraud totaled Rs13,639,664,684, Rs60m higher than its June interim report and that the incremental Rs60m will be recognized under applicable accounting standards. The bank said no customer has lost funds, remains well capitalized and is pursuing legal and recovery actions while strengthening governance.
Ada Derana·Sep 29, 2026·Regulatory or legalNegative
National Development Bank PLC said Deloitte's independent forensic review confirmed the fraud's total impact at LKR 13,639,664,684 (LKR 13.64bn), LKR 60m higher than its interim figure; the bank says customer balances are intact and has engaged foreign experts to trace stolen assets.
The Association of Professional Bankers ran a CPD event preparing Sri Lanka's banking sector for its APG mutual evaluation (on-site 26 Oct-6 Nov 2026) that will assess AML/CFT/PF technical compliance and effectiveness. Speakers urged a shift from documentation-led checks to outcome-focused, risk-based controls.
Colombo stock market ended the week marginally lower (ASPI down 0.09% to 21,037.35) with subdued investor sentiment ahead of next Wednesday's Central Bank Monetary Policy announcement; market turnover was below Rs.815m and foreign investors were net sellers of Rs.193.3m.
Fitch upgraded Sri Lanka to 'B-' and restructured 2036/2038 bonds rallied to about 103 cents on the dollar. Standard Chartered and the Central Bank said Sri Lanka should aim to return to international capital markets before the IMF program ends in March 2027 while avoiding aggressive borrowing.
Colombo Stock Exchange closed lower as the ASPI fell 0.14% to 21,037.35 on subdued trading with turnover 814.88 million rupees, led by the banking and diversified financials sectors. Separately WindForce said six of its project companies won bids to develop 28 MW and 144 MWh of BESS requiring ~944 million rupees equity.
Colombo Stock Exchange opened marginally higher: ASPI rose 14.13 points to 21,070.39 and the S&P SL20 gained 0.11% to 5,935.33, with turnover of LKR 9.97m. Notable movers included Industrial Asphalts (+16.7%), Prime Lands, Dialog, Haycarb and NDB; SMB Finance and Commercial Bank fell; Softlogic Finance announced a LKR 1.002bn rights issue and Aitken Spence Hotel Holdings proposed up to LKR 5bn debenture issue.
The Sri Lanka Retail Forum 2026 convened over 500 retail leaders at Cinnamon Life, Colombo to discuss retail growth, customer experience, digital commerce, AI, data and technology-led transformation. Keells and BYD were Platinum Sponsors, Singer was a Gold Sponsor and NDB Wealth joined as a category partner.
Colombo Stock Exchange indices edged up (ASPI +0.06% to 21,327.69) as Vidullanka subscribed Rs100 million in Vidul Biomass II to develop a 6.6MW Medawachchiya Dendro Power Project, with total cost $16.1m and a ~Rs1.3bn equity commitment.
Colombo Stock Exchange closed down as the ASPI fell 0.38% (81.43 pts) to 21,542.23 with market turnover Rs 1.466 billion and insurance stocks leading turnover at Rs 339.59 million. Notable movers included HNB, Cargills, Vidullanka and NDB (gainers) and Ceylinco Insurance, Sampath and Nations Trust (laggards); NTB reconstituted its Board Audit Review Committee.
Colombo bourse edged up as the ASPI rose 0.03% to 21,325.64 on turnover of over Rs.1.2bn; banks led activity while geopolitical tensions and higher global oil prices weighed on sentiment and foreigners were net sellers of Rs.7.2m.
Colombo Stock Exchange closed marginally up, ASPI +0.03% at 21,325.64 on Rs1.28bn turnover; banks led turnover. Top contributors included Ceylinco Insurance, Haycarb, Dipped Products and National Development Bank, while Browns Investments, Carson Cumberbatch, Melstacorp and Hemas were laggards; Hunas announced a strategic partnership with Tokyo-based CCH Inc.
The Sri Lanka Retailers' Association will hold the Sri Lanka Retail Forum 2026 on 10 September at Cinnamon Life, Colombo, bringing 500+ retail leaders, technology experts and policymakers to discuss retail growth, customer experience, AI, digital commerce and technology-led transformation.
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