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Ndb wealth management News

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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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Finance

Longevity of Wealth: 4 Essential Practices of Ultra-High-Net-Worth Families.

Expert insights from wealth management leaders reveal that sustained multi-generational wealth is not built on single lucky events, but on consistent habits including family culture, tax strategy, long-term investing, and frugality.

May 16, 2026 at 10:03 AM
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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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Finance

NDB Bank Finalizes Complete Divestment of Seylan Bank Shares.

May 11, 2026 at 6:22 AM

NDB Bank has officially exited its investment in Seylan Bank by selling its entire 8.72% stake for Rs. 2.76 billion, marking a significant shift in its equity portfolio.

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NDB Bank Finalizes Complete Divestment of Seylan Bank Shares
Image Credit : theasianbanker.com
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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Local News

Serious Financial Irregularities Surface: Aswesuma Overpayments and NDB Bank Fraud Concerns.

Recent reports reveal a Rs. 500 million overpayment in the Aswesuma welfare program, alongside allegations of a Rs. 13.2 billion fraud at NDB Bank, sparking urgent calls for parliamentary inquiries and regulatory accountability.

May 7, 2026 at 2:01 AM
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Finance
The Strategic Rise of AI in Wealth Management: Beyond Automation to Client Engagement
Image Source : morningstar.com

The Strategic Rise of AI in Wealth Management: Beyond Automation to Client Engagement.

May 4, 2026 at 4:21 AM
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NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments
Image Source : independent.lk
Finance•
May 3, 2026 at 1:54 AM

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

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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Local News

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

May 2, 2026 at 7:33 PM

Financial experts and banking officials suggest that recovering the Rs. 13.2 billion lost in the recent NDB fraud is highly unlikely due to the funds being converted into untraceable cryptocurrency. The situation has raised concerns regarding regulatory oversight and potential repercussions from the Financial Action Task Force (FATF).

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Hopes Fade for Recovery of Rs. 13.2 Billion Lost in Major NDB Bank Fraud
Image Credit : independent.lk
Finance
Strategic Leadership Reshuffle at NDB Wealth Management
Image Source : businesscafe.lk

Strategic Leadership Reshuffle at NDB Wealth Management.

April 30, 2026 at 10:41 AM
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Technology

Citi Debuts AI-Driven Wealth Assistant 'Citi Sky' Amidst Memory Technology Hurdles.

Citi has launched 'Citi Sky,' a 24/7 AI-powered wealth advisor, while acknowledging that memory limitations in AI models remain a critical barrier to providing seamless long-term financial guidance.

April 29, 2026 at 9:53 AM
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Finance
Millennium Management Solidifies Dominance Through Strategic Jain Global Acquisition
Image Source : alternativefundinsight.com

Millennium Management Solidifies Dominance Through Strategic Jain Global Acquisition.

April 28, 2026 at 4:37 PM
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Technology•
April 24, 2026 at 10:27 AM

The Tech-Driven Evolution of Canadian Wealth Management.

Canada's wealth management sector is undergoing a massive transformation driven by WealthTech providers and generative AI, shifting the advisor-client relationship from information gatekeeping to collaborative, data-backed guidance.

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Local News

NDB Wealth Convenes Elite Family Office Forum 2026 to Shape Future Wealth Strategies.

April 20, 2026 at 7:06 AM

NDB Wealth hosted the Family Office Forum 2026 at Cinnamon Life, bringing together UHNW individuals and global experts to discuss investment strategies, geopolitical risks, and innovation-driven wealth management.

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NDB Wealth Convenes Elite Family Office Forum 2026 to Shape Future Wealth Strategies
Image Credit : biz.chosun.com
Local News

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.

April 20, 2026 at 12:18 AM
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Finance
Deloitte Unveils 2025 Compensation Benchmarks for Sri Lanka's NBFI Sector
Image Source : ft.lk

Deloitte Unveils 2025 Compensation Benchmarks for Sri Lanka's NBFI Sector.

April 8, 2026 at 6:32 AM
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Finance
The Next Frontier in Investment: Leveraging Internal Data for AI Advantage
Image Source : blott.com

The Next Frontier in Investment: Leveraging Internal Data for AI Advantage.

April 6, 2026 at 9:06 AM
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National Development Bank Uncovers Internal Financial Irregularity Exceeding Rs. 380 Million
Image Source : sundaytimes.lk
Local News•
April 2, 2026 at 3:43 PM

National Development Bank Uncovers Internal Financial Irregularity Exceeding Rs. 380 Million.

The National Development Bank (NDB) has reported a significant internal fraud exceeding Rs. 380 million, allegedly involving staff members working in collaboration with external parties.

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