Central Bank of Serbia revokes banking license of ALTA Banka

The Executive Board of the Central Bank of Serbia revoked the banking license of ALTA Banka a.d. Beograd on October 31, 2026. The decision follows emergency inspections that revealed a rapid deterioration in the institution's liquidity, threatening its ability to meet financial obligations. The bank held total assets valued at 1.84 billion euros prior to the intervention.

The Deposit Insurance Agency (AOD) has assumed control of the bank and initiated bankruptcy proceedings. Under current regulations, the deposit protection mechanism guarantees the safety of funds for individual customers, entrepreneurs, and small and medium-sized enterprises up to 50,000 euros. Clients with deposits exceeding this threshold must seek recovery through the asset liquidation process.

Prior to this official action, the 'Student List' organization had raised public allegations regarding urgent capital transfers from the bank to North Macedonia and Russia. Media reports have also noted discussions regarding the bank owner's alleged ties to the ruling political party, though the primary justification provided by regulators remains the institution's critical liquidity failure.