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The People's Bank of North Macedonia has introduced temporary management of Alta Bank in Bitola - citizens will be able to withdraw no more than 10,000 dunams, or about 160 euros per week. The index was introduced after about 2 million euros, starting from the bank on Saturday. The central bank in Skopje made the decision less than two days after the State Bank of Serbia revoked Alta Bank's operating license. "The introduction of temporary management means that the management of the assets of this bank will be transferred to people appointed by the People's Bank," said Traiko Abdski, the governor of the People's Bank of North Macedonia. Abedsky also said that temporary measures against the bank would be in effect for three months. During this period, customers will be able to withdraw using bank cards issued by Alta Bank in Bitola, no more than 10,000 dinars, or 160 euros per week. The head of the Central Bank of Macedonia also explained that the index was taken after about 2 million euros were withdrawn from Alta Bank accounts in Bitol, both in cash and through bank transfers. Alta Bank A.D. Bitola is a liquid bank, well known and compliant with supervisory standards. The restrictions are temporary and are intended to protect the bank's assets and the interests of the officials, Abdsky said. He also stated that the Serbian Alta Bank has a fixed date by which it must sell its shares in the Bitol Bank. However, he did not specify a specific time frame. The People's Bank of Serbia revoked the license for Alta Bank and transferred its management to the Deposit Insurance Agency.

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The People's Bank of North Macedonia has introduced temporary management of Alta Bank in Bitola - citizens will be able to withdraw no more than 10,000 dunams, or about 160 euros per week. The index was introduced after about 2 million euros, starting from the bank on Saturday. The central bank in Skopje made the decision less than two days after the State Bank of Serbia revoked Alta Bank's operating license. "The introduction of temporary management means that the management of the assets of this bank will be transferred to people appointed by the People's Bank," said Traiko Abdski, the governor of the People's Bank of North Macedonia. Abedsky also said that temporary measures against the bank would be in effect for three months. During this period, customers will be able to withdraw using bank cards issued by Alta Bank in Bitola, no more than 10,000 dinars, or 160 euros per week. The head of the Central Bank of Macedonia also explained that the index was taken after about 2 million euros were withdrawn from Alta Bank accounts in Bitol, both in cash and through bank transfers. Alta Bank A.D. Bitola is a liquid bank, well known and compliant with supervisory standards. The restrictions are temporary and are intended to protect the bank's assets and the interests of the officials, Abdsky said. He also stated that the Serbian Alta Bank has a fixed date by which it must sell its shares in the Bitol Bank. However, he did not specify a specific time frame. The People's Bank of Serbia revoked the license for Alta Bank and transferred its management to the Deposit Insurance Agency.

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