Queues outside Alta Banca in Novi Sad after Serbia's central bank shut it down overnight The National Bank of Serbia revoked Alta Bancas' license on Friday, citing a "significant deterioration" in its finances and a threat to depositors. The accounts have been frozen since Thursday and the branches are closed. Deposits are insured up to €50,000, with payouts expected to start on Monday. Alta was the ninth largest bank in Serbia, with assets of approximately 1.84 billion euros. It is owned by businessman Davor Makura, who is considered to be close to Vujic's ruling party, and has grown rapidly to deal with state-related payments such as EPS electricity bills. Apparently every line in Serbia is now full of Russians: some accounts supporting the opposition student list are circulating this video as “Russians waiting in line. "Alta was one of the most popular banks among Russian expatriates in Serbia, although it stopped processing euro transfers for Russian residents back in 2025 under pressure from EU correspondent banks. But with 2.9% of the Serbian market and EPS electricity bills going through it, most of the people on this line are Serbs trying to get their money back.

Queues outside Alta Banca in Novi Sad after Serbia's central bank shut it down overnight The National Bank of Serbia revoked Alta Bancas' license on Friday, citing a "significant deterioration" in its finances and a threat to depositors. The accounts have been frozen since Thursday and the branches are closed. Deposits are insured up to €50,000, with payouts expected to start on Monday. Alta was the ninth largest bank in Serbia, with assets of approximately 1.84 billion euros. It is owned by businessman Davor Makura, who is considered to be close to Vujic's ruling party, and has grown rapidly to deal with state-related payments such as EPS electricity bills. Apparently every line in Serbia is now full of Russians: some accounts supporting the opposition student list are circulating this video as “Russians waiting in line. "Alta was one of the most popular banks among Russian expatriates in Serbia, although it stopped processing euro transfers for Russian residents back in 2025 under pressure from EU correspondent banks. But with 2.9% of the Serbian market and EPS electricity bills going through it, most of the people on this line are Serbs trying to get their money back.