North Macedonia Opposition Accuses Govt Over Subsidiary of Failed Serbian Bank
3 Articles
3 Articles
North Macedonia Opposition Accuses Govt Over Subsidiary of Failed Serbian Bank
Opposition accuses central bank and government of trying to silence it as political accusations fly over the financial status of the North Macedonia-based subsidiary of Serbia's recently-failed Alta Banka.
Government fiercely criticized for greenlighting Alta Bank into the market
SKOPJE – The decision of the National Bank of Serbia (NBS) to officially revoke the operating license of Belgrade-based Alta Bank created widespread public concern and political turmoil in North Macedonia, as the Serbian bank holds a near-total ownership stake in its local subsidiary, Alta Bank AD Bitola. NBS revoked Alta Bank’s operating licence on 31 October 2026. This action occurred amidst a rapidly shifting political landscape after a stud…
The Alta Banka case, which began as a banking crisis in Belgrade after the change of power in Serbia, has turned into the fiercest clash this autumn between the two main Albanian parties in North Macedonia. In......
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