# Alta Banka crisis: License revocation and regional impact > Developing situation record from CLSTR: https://clstr.news/situations/banking-sector-developments-in-north-macedonia-and-serbia > Updated: 2026-11-01T17:12:46.000Z. Sources: 189. Developments: 7. The banking crisis involving Alta Banka has intensified in Serbia, North Macedonia, and Montenegro. In Serbia, the National Bank of Serbia (NBS) revoked the operating license of Belgrade-based Alta Banka a.d. Beograd due to undercapitalization, illiquidity, and a rapid deterioration in financial condition. The bank has entered insolvency proceedings under the management of the Deposit Insurance Organization (AOD), all payments have been suspended, and its accounts have been blocked. Deposits for individuals, entrepreneurs, and micro, small, and medium-sized enterprises are protected up to 50,000 euros per depositor. The revocation follows reports of significant capital outflows. Attorney Ivan Ninić has alleged an intensive and accelerated transfer of funds to accounts and legal entities in Moscow and Skopje, requesting an extraordinary audit. Amidst the transition of power following the October 25 elections, the Studentska Lista has called for increased oversight of cross-border financial transactions to prevent capital flight during the government formation period. In North Macedonia, the National Bank placed Alta Banka Bitola under temporary administration to protect assets. Governor Trajko Slaveski reported that approximately 2 million euros were withdrawn via cash and transfers in the two days preceding the intervention. To manage liquidity, the central bank imposed a weekly limit of 10,000 denars on card payments for individuals, though internal transfers remain unrestricted. Slaveski emphasized that the Bitola branch remains highly capitalized and liquid, noting the administration is a preventive measure due to the Serbian parent company and may last up to three months. In Montenegro, the Central Bank of Montenegro (CBCG) revoked the license of the payment institution Alta Pay Group DOO Podgorica. The CBCG determined the company no longer meets legal requirements regarding the suitability of qualified shareholders and the need for stable, secure operations. ## Claims - The National Bank of Serbia revoked the operating license of Alta Banka AD Belgrade. (reported by 28 sources) - The National Bank of North Macedonia introduced temporary administration at Alta Banka AD Bitol. (reported by 25 sources) - Alta Banka Bitol is described as highly capitalized and liquid by the National Bank of North Macedonia. (reported by 23 sources) - A weekly withdrawal limit of 10,000 denars was set for individuals using cards from Alta Banka Bitol. (reported by 22 sources) - The central bank is monitoring the situation to protect the banking system and depositors. (reported by 21 sources) - The revocation was due to a significant deterioration in the bank's financial condition and liquidity risks. (reported by 20 sources) - The National Bank of Serbia revoked the operating license of Alta banka a. d. Beograd on October 30. (reported by 19 sources) - Deposit payouts are expected to begin within seven working days of the court opening bankruptcy proceedings. (reported by 16 sources) ## Timeline ### 2026-11-01: Central Bank of Montenegro revokes Alta Pay Group license The Central Bank of Montenegro has revoked Alta Pay Group's license for failing to meet regulatory requirements, stating the move poses no risk to the country's financial stability. 19 sources. https://clstr.news/cluster/alta-banka-loses-operating-license-in-serbia-2 ### 2026-10-31: North Macedonia central bank imposes administration on Alta Bank Bitola North Macedonia's central bank has placed Alta Banka AD Bitola under temporary administration and imposed a 10,000 denar weekly withdrawal limit for individuals following regulatory actions against its Serbian- 49 sources. https://clstr.news/cluster/central-banks-monitor-alta-bank-following-license-revocation-in-serbia ### 2026-10-31: Alta Banka license revoked by National Bank of Serbia The National Bank of Serbia has revoked Alta Banka's license due to liquidity risks. Deposits up to 50,000 euros are insured, while the bank enters insolvency management. 10 sources. https://clstr.news/cluster/serbia-revokes-alta-banka-license-amid-liquidity-crisis ### 2026-10-31: Alta Bank Serbia case draws comparisons to Eurostandard Bank Alta Bank Serbia, once Jubmes Bank, has grown to hold 2.9% of the Serbian market, drawing comparisons to the historical case of Macedonia's Eurostandard Bank. 2 sources. https://clstr.news/cluster/alta-bank-serbia-case-draws-comparisons-to-eurostandard-bank ### 2026-10-31: Alta Banka: Deposit insurance payouts to begin following license revocation Following the revocation of Alta Banka's license, the Deposit Insurance Agency will begin paying out insured deposits up to 50,000 euros within seven working days of the bank's formal bankruptcy filing. 7 sources. https://clstr.news/cluster/alta-banka-deposit-insurance-payouts-to-begin-following-license-revocation ### 2026-10-29: Alta Bank license revoked by National Bank of Serbia The National Bank of Serbia revoked Alta Bank's license due to liquidity risks. The Agency for Deposit Insurance will manage bankruptcy and payouts for deposits up to 50,000 euros. 169 sources. https://clstr.news/cluster/mickoski-denies-criminal-links-to-hungary-and-serbia-in-parliamentary-debate ### 2026-10-28: NLB Bank and Stopanska Banka report mixed results for first nine months of 2026 NLB Bank saw a 1% net profit increase while Stopanska Banka Skopje's pre-tax profit fell by 18% in the first nine months of 2026, driven by changing interest rates and credit trends. 2 sources. https://clstr.news/cluster/nlb-bank-and-stopanska-banka-report-mixed-results-for-first-nine-months-of-2026 --- Cite as: Alta Banka crisis: License revocation and regional impact. CLSTR, https://clstr.news/situations/banking-sector-developments-in-north-macedonia-and-serbia