Sri Lanka, July 23 -- National Development Bank (NDB) delivered a stronger-than-expected operating performance in the first half of 2026, with its core banking franchise remaining intact, despite continuing to absorb the financial consequences of Sri Lanka's largest recent banking fraud.
The lender reported a post-tax profit of Rs.4.83 billion for the six months ended June, more than double the restated Rs.1.93 billion recorded a year earlier, after incorporating the fraud-related adjustments into both reporting periods.
The bank also returned to quarterly profitability, with a standalone profit after tax of Rs.3.01 billion during the April-June quarter, marking the first full reporting period since the fraud surfaced in April.
The late...