Serbia Bank Owner Arrested Following Licence Revocation
Prosecutors say Davor Macura and two employees helped remove 45 billion dinars from the bank’s treasury before the licence revocation.
- On October 31, the National Bank of Serbia revoked Alta Bank's operating license, citing significant financial deterioration and triggering bankruptcy proceedings managed by the Deposit Insurance Agency to protect depositors.
- Authorities detained owner Davor Macura on Monday, accusing him and two employees of siphoning approximately 45 billion dinars from Alta Bank's treasury through unauthorized access cards.
- Democratic Party leader Srdjan Milivojevic alleged the bank sought to transfer €50 million abroad following the October 25 election, which ended 14 years of Serbian Progressive Party rule.
- In North Macedonia, the central bank placed Alta Banka Bitola under temporary administration on Sunday to protect assets, while Serbian customers can recover up to €50,000 in insured deposits within seven working days.
- Uncertainty now surrounds Alta Group's pending acquisition of Addiko Bank's operations, as the collapse compounds previous European Central Bank scrutiny of the group's capital transparency and anti-money laundering controls.
148 Articles
148 Articles
The Serbian police arrested on Monday (2 November 2026) the businessman Davor Macura, owner and head of the Alta Banka, together with two employees of the institution, on suspicion of abuse of position and of having illegally removed the equivalent of about 45 billion Serbian dinars from the bank safe (treasury/depo) — approximately 380 to 385 million euros, advances to Bloomberg.
Russian clients' money was also frozen, while significant sums were transferred abroad after the Serbian election. An investigation has been launched into the matter, and the bank's owner blames the political leadership and the central bank.
The Serbian financial entrepreneur Davor Macura, businessman considered close to the Serbian Progressive Party (Sns) of Aleksandar Vucic and owner of Alta Banka, declared bankrupt in the last hours, has been stopped...
Owner of private Serbian bank detained and accused of siphoning money – WTOP News
BELGRADE, Serbia (AP) — Serbian authorities Monday detained the owner of a private bank on suspicion he was siphoning money from the lender that was used for some public utility payments during the previous government of former President Aleksandar Vucic. Alta Bank rose to prominence under the rule of Vucic’s Serbian Progressive Party that was...
The Toronto Star
Owner of private Serbian bank detained and accused of siphoning money
BELGRADE, Serbia (AP) — Serbian authorities Monday detained the owner of a private bank on suspicion he was siphoning money from the lender that was used for some public utility payments during the previous government of former President Aleksandar Vucic.
After the head of the criminal police on Sunday, November 1, the arrests continue in Serbia after the fall of authoritarian president Aleksandar Vucic. This Tuesday, Davor Macura, owner of a bank, 15 companies, 135 hectares of land to build in Belgrade, who had constituted his entire fortune under the Vucic regime, was arrested. Yet in this period of transition after the victory of the Student List against corruption 8 days ago, it is still the …
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
