The National Bank of Serbia revoked the license of Alta Banca, which is popular among registrars, including Russians, as reported on the website of the Serbian regulator. The decision was made on October 30 after examining the bank's financial situation. The regulator found that recently its situation has deteriorated significantly, despite steps taken to increase liquidity. The National Bank warned against the risk of further deterioration in Alta Banka's financial situation and the emergence of a threat to the interests of depositors. The license was revoked to protect customers and maintain the stability of the Serbian financial system.