Poser on NDB’s impairments on Other Financial Assets

Thursday, 9 April 2026 00:04 - - {{hitsCtrl.values.hits}}

By Chandra Jayaratne

In NDB Bank’s 2025 Annual Report, note that Other financial assets - Gross * (*Other financial assets include receivables arising from Customer Electronic Funds Transfer (CEFT) transactions) has increased by nearly Rs. 9 billion in the year that is from Rs. 3.2 billion to 12.2 Billion. Whereas the other financial assets gross of 2024 and 2023 were around Rs 1.4 billion. How did the corresponding 2024 figure increase so much over the same closing figure of the previous year?

The impairments would have been calculated, reviewed by layers of management and directors and audit committee etc had remained more or less at the same level in all three years in millions. 2025 Rs. 390.9 million, 2024 Rs. 367 million and 2023 Rs. NIL

How can Impairments be determined without an age analysis and if done the issues at hand would have been seen transparently.

Surely how come all these reviews did not unearth the false entries within at least one of the many layers of review within the bank?