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Local News

Governance in Crisis: Analyzing the NDB Financial Scandal and Regulatory Silence.

May 18, 2026 at 4:45 AM

The alleged Rs. 13.2 billion financial discrepancy at the National Development Bank (NDB) has triggered a national debate on institutional accountability, audit failures, and the effectiveness of oversight bodies in Sri Lanka.

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Local News
National Savings Bank Launches Nationwide Digital Banking Awareness Campaign
Image Source : lankanewsweb.net

National Savings Bank Launches Nationwide Digital Banking Awareness Campaign.

May 17, 2026 at 12:21 AM
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Local News

Nations Trust Bank Records Strong Financial Growth in First Quarter of 2026.

Nations Trust Bank reported a 12% year-on-year increase in Profit After Tax (PAT) to LKR 4.6 billion for the first quarter of 2026, driven by stable margins and effective risk management.

May 15, 2026 at 11:54 PM
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Finance

Nations Trust Bank Posts Strong Start to 2026 with 12% Profit Growth.

Nations Trust Bank (NTB) reports a solid 12% growth in Profit After Tax to LKR 4.6 billion for Q1 2026, driven by a 10% increase in loan growth and strategic portfolio expansion, including the acquisition of HSBC's retail business in Sri Lanka.

May 15, 2026 at 3:11 AM
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Local News•
May 13, 2026 at 4:27 PM

Central Bank of Sri Lanka Conducts Nationwide Audit of Financial Institutions Following NDB Fraud.

Following a major financial misappropriation at NDB, the Central Bank of Sri Lanka has confirmed it conducted a comprehensive audit of all banks to ensure no similar systemic irregularities exist elsewhere.

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Economy

Syria Reconnects with Global Financial Systems Through Visa and Mastercard Integration.

May 12, 2026 at 2:35 AM

Syria has officially authorized local banks to collaborate with Visa and Mastercard, ending a 15-year isolation from global payment networks as part of a strategic effort to revitalize its economy.

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Local News

Sri Lanka and Australia Forge Partnership to Enhance Digital Financial Literacy for MSMEs.

The Central Bank of Sri Lanka has partnered with Australia’s S4IE program to launch a pilot project aimed at improving digital financial literacy for micro, small, and medium enterprises to support national economic growth.

May 11, 2026 at 12:10 AM
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Local News
People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy
Image Source : sundaytimes.lk

People’s Bank Spearheads Digital Payment Revolution to Advance Cash-Lite Economy.

May 10, 2026 at 12:01 AM
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Finance
Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures
Image Source : ft.lk

Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures.

May 8, 2026 at 10:39 AM
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Nations Trust Bank Finalizes Acquisition of HSBC Sri Lanka Retail Operations
Image Source : newswire.lk
Local News•
May 4, 2026 at 3:40 AM

Nations Trust Bank Finalizes Acquisition of HSBC Sri Lanka Retail Operations.

Nations Trust Bank (NTB) has successfully completed the integration of HSBC Sri Lanka's retail banking portfolio, bringing 200,000 customers and seven new branches into its network as of May 1, 2026.

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Finance

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

May 3, 2026 at 1:54 AM

National Development Bank (NDB) has announced its Q1 2026 results, acknowledging a total internal fraud impact of LKR 13.20 billion. The bank has restated prior years' financial statements to reflect the losses, while reporting a 15.3% growth in gross income.

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NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments
Image Credit : independent.lk
Local News
Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud
Image Source : independent.lk

Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud.

May 2, 2026 at 7:33 PM
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Business

DFCC Bank and NCCSL Join Forces to Boost Sri Lankan SMEs.

DFCC Bank has partnered with the National Chamber of Commerce of Sri Lanka to provide SMEs with enhanced market access, financial literacy, and advisory services, moving beyond traditional lending.

April 30, 2026 at 11:28 AM
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Finance

People’s Bank Investment Banking Unit Secures Prestigious Global Accolade for 2026.

People's Bank Investment Banking Unit (PBIBU) has been recognized as the Best Investment Bank in Sri Lanka for 2026 by the Global Banking and Finance Review Awards, highlighting its significant contributions to the local financial sector.

April 29, 2026 at 7:59 PM
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DFCC Bank Boosts Middle East Remittance Services via Strategic AlfaNow Alliance
Image Source : profitmagazine.lk
Local News•
April 29, 2026 at 8:44 AM

DFCC Bank Boosts Middle East Remittance Services via Strategic AlfaNow Alliance.

DFCC Bank has partnered with Dubai-based AlfaNow to streamline and accelerate remittance services for Sri Lankan expatriates living in the Middle East.

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Finance

Why Unit Trusts Remain a Reliable Hedge Against Market Volatility.

April 28, 2026 at 12:09 AM

The Unit Trust Association of Sri Lanka emphasizes that disciplined investment through unit trusts remains a strategic approach for wealth preservation amidst global economic volatility and market fluctuations.

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Local News

Digital Trust Alliance Calls for Overhaul of Sri Lanka’s Public Sector Cybersecurity Governance.

Following a major USD 2.5 million cyber breach at the Finance Ministry, a coalition of professional bodies has urged the government to implement structured cybersecurity governance and adopt international security frameworks.

April 27, 2026 at 12:46 PM
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Local News
Finance Ministry Initiates CID Probe Following Cyber Breach and Unauthorized Fund Transfer
Image Source : lankasara.com

Finance Ministry Initiates CID Probe Following Cyber Breach and Unauthorized Fund Transfer.

April 24, 2026 at 6:59 AM
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Local News
Seylan Bank Secures Multiple Top Honors at 2026 LankaPay Technnovation Awards
Image Source : sundaytimes.lk

Seylan Bank Secures Multiple Top Honors at 2026 LankaPay Technnovation Awards.

April 24, 2026 at 3:44 AM
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Local News•
April 20, 2026 at 12:18 AM

Nations Trust Bank Poised for Robust Growth Following Strong Financial Performance.

First Capital Research reports that Nations Trust Bank (NTB) is entering a phase of sustainable growth, supported by a clean balance sheet, improved asset quality, and strategic expansion plans including the acquisition of HSBC's retail operations in Sri Lanka.

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