The National Bank of Serbia (NBS) has revoked the operating license of Alta Banka, a decision that took effect on October 31, 2026. This action was prompted by the bank’s significant financial deterioration, which posed a risk to the interests of its depositors. As a result of this revocation, payments to Alta Banka accounts have been halted, and its ATMs are no longer operational. The NBS’s decision aims to protect depositors and maintain stability within the financial system.

Depositors of Alta Banka are covered by Serbia’s deposit insurance system, which guarantees up to 50,000 euros per individual. This insurance applies regardless of the depositor’s citizenship, offering protection to both residents and non-residents. However, for companies registered in Serbia but owned by foreigners, the situation is more complex. The insurance coverage for corporate accounts depends on the status of the legal entity and the applicable rules, and companies are advised to verify their eligibility for compensation.

The NBS has initiated legal proceedings against Alta Banka and its responsible parties. This move is part of a broader effort to address the issues that led to the bank’s decline and to hold accountable those involved in its management. The legal action underscores the seriousness of the situation and the regulatory body’s commitment to upholding the rule of law in the financial sector.

The revocation of Alta Banka’s license follows a period of financial instability for the bank. Previous reports highlighted concerns about the bank’s liquidity, and a suspicious transaction involving the withdrawal of 50 million euros was noted on October 30, 2026. These factors contributed to the NBS’s decision to revoke the license, as they indicated a potential for further financial decline.

For individuals and businesses affected by the bank’s closure, the immediate focus is on accessing their insured deposits. The Agencija za osiguranje depozita, Serbia’s deposit insurance agency, is responsible for facilitating the payout of insured amounts. While the exact timeline for these payouts is subject to the official procedures outlined by Serbian law, the agency is expected to begin disbursements within seven working days.

The situation with Alta Banka has raised concerns among its depositors and businesses that relied on its services. The bank’s closure necessitates the opening of new accounts elsewhere, and affected parties are advised to retain all relevant financial documents, such as account statements and company registration papers, to support their claims for compensation.

Despite the upheaval caused by Alta Banka’s closure, the NBS has reassured the public that there is no immediate threat of a similar situation occurring with other banks in Serbia. Specifically, Poštanska Banka, a state-owned bank, is highlighted as having strong liquidity and is not at risk of collapse. This assurance is intended to prevent panic and maintain confidence in the broader banking sector.

In the wake of these developments, financial experts and regulators emphasize the importance of closely monitoring the situation and adhering to official announcements from the NBS and the deposit insurance agency. Depositors are cautioned against engaging with intermediaries who promise expedited payouts, as these offers may not be legitimate.

The revocation of Alta Banka’s license serves as a reminder of the critical role that regulatory oversight plays in maintaining the stability and integrity of the financial system. It also highlights the need for depositors and businesses to stay informed and prepared for potential disruptions in the banking sector. As the situation unfolds, further updates from the NBS and other relevant authorities will be crucial in guiding affected parties through the process of recovering their insured funds.