SDSM Demands Answers From Mickoski and Sllaveski over the Situation at Alta Bank in Macedonia
15 Articles
15 Articles
The Central Bank of North Macedonia has placed the Bitola subsidiary of Serbia's Alta Bank under temporary supervision and has limited customers' withdrawals to 10,000 dinars (about 59,000 forints) per week, after the Serbian central bank revoked the parent bank's operating license on Friday, the Skopje central bank announced on Sunday.
The opposition party, SDSM, warns of the risk of the financial crisis spreading from ALTA Banka in Serbia to its bank in Macedonia, "ALTA Banka AD Manastir", where the Serbian bank owns 97 percent of the shares. From this party, they demand an urgent reaction from the National Bank, measures to protect depositors and the opening of a procedure by the Prosecutor's Office, demanding responsibility from Prime Minister Hristijan Mickoski and Governo…
Dnevni list Danas
Allta banka in North Macedonia announced today that it is liquid and that it continues with stable and smooth operations. As stated in the announcement, the events related to the bank in Serbia do not automatically mean a change in the financial situation or legal status of Alta Banka AD Bitolj and points out that it is an independent legal entity, registered in North Macedonia, which operates in accordance with Macedonian legislation and under …
In Montenegro, the payment services license of Alta Pay Group, part of the Alta Group, has been revoked, and in North Macedonia, the local Alta Banka branches will be closed from Monday. Following the earlier withdrawal of the license of Serbia's Alta Bank, the measures related to the group now affect three countries.
Central banks in Montenegro and North Macedonia have taken extraordinary measures against institutions connected to Alta Group and Alta Bank. Both institutions cite the protection of users, depositors and creditors as reasons for their actions, but they are different regulatory measures. Namely, in Montenegro, the approval for performing payment services for Alta Pay was revoked [...]
The Macedonian National Bank introduced a temporary administration over Alta Bank A.D. Bitolj and clients of this bank limited withdrawals to a maximum of 10,000 denars or about 160 euros per week.
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