Serbian Regulators Shut Down the Go-to Bank for Russian Exiles, Costing Many Their Life Savings
9 Articles
9 Articles
After the closure of Alta Bank in Serbia, thousands of customers are cut off from their savings.
Serbian financial supervision has withdrawn the license from Russian Alta Bank, not only the financial flows of the state of Vladimir Putin.
Serbian regulators shut down the go-to bank for Russian exiles, costing many their life savings
Many Russian emigrants in Serbia lost all their savings after Alta Bank’s license was revoked on October 31. Some had been keeping money in the bank to buy property, others had planned to spend their savings on a vacation, and still others now find themselves unable to run their businesses. According to a map compiled by the human rights group Kovcheg (The Ark), more than 100 Russian entrepreneurs used Alta. Serbia’s Deposit Insurance Agency has…
The payment of insured deposits of clients of Alta Bank, which went bankrupt on October 31, will begin on Friday, November 13, through Poštanska Štedionica, and among the most affected are Russian citizens who kept the largest part of their savings in that bank and money intended for buying real estate and starting a business in Serbia, writes Maglochistač.
After the bankruptcy of Alta Bank in Serbia, many citizens suddenly lost the opportunity to dispose of their money in that bank, and it is particularly difficult to do so
"We will never be able to earn that much money again," says the owner of a restaurant in Novi Sad. Russian emigrants are left without access to savings, they are facing problems in business, and citizens of Serbia are coming to their aid.
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