Alta Bank bankruptcy triggers deposit payouts and local payment delays

Banka Poštanska štedionica has announced the commencement of insured deposit payouts for clients of the bankrupt Alta Bank, starting Friday, November 13. Eligible individuals, entrepreneurs, and small to medium-sized legal entities can claim up to 50,000 euros per depositor by presenting valid identification and original account or deposit documentation.

The bankruptcy has also impacted Novi Sad, where the City Council and JKP Informatika have intervened to manage payment disruptions for housing communities using the unified collection system. Due to the Alta Bank insolvency, payments to these communities will be delayed by 20 to 30 days during November. Local authorities have pledged that all outstanding debts resulting from the bankruptcy will be fully settled by the end of the calendar year.

Separately, Banka Poštanska štedionica has temporarily suspended new applications for subsidized housing loans for young people. The bank reported that the 440 million euro quota within the state guarantee scheme has been reached. The bank has requested additional funds from the Ministry of Finance to resume the program.