ALTA BANK HAS BEEN PLACED INTO BANKRUPTCY: All Insured Deposits of Up to €50,000 Will Be Paid Out Through Banka Poštanska štedionica!

The Commercial Court in Belgrade*** today issued a decision initiating bankruptcy proceedings against Alta Bank, appointing the Deposit Insurance Agency as the bankruptcy administrator.***

Today, the Management Board of the Deposit Insurance Agency decided to select Banka Poštanska štedionica as the bank responsible for paying out insured amounts to Alta Bank depositors.

By Friday, November 6, 2026, the Agency will publish information on its website (www.aod.rs), as stated in its announcement, regarding the date when payments of insured amounts will begin, as well as a list of Banka Poštanska štedionica branches where the payments will be made.

The Deposit Insurance Agency is required to begin paying out insured deposits within the next seven working days.

Depositors will be able to collect their insured amounts within a period of three years. The deposit insurance system protects individuals, entrepreneurs, as well as micro, small, and medium-sized legal entities, up to a maximum amount of €50,000, regardless of the currency or type of bank account.

All insured depositors will be granted access to the funds they held at Alta Bank through the paying bank, Banka Poštanska štedionica.

Dinar deposits will be paid out in dinars, while foreign-currency deposits will be paid out in euros. The Deposit Insurance Fund has sufficient funds to pay out all insured amounts to Alta Bank depositors.

The Agency’s operational capacities have been fully mobilized to ensure the most efficient possible payment of insured amounts, the announcement stated.