www.mediafax.ro/externe/serbia-inchide-banca-prefe

Serbia has revoked the license of Alta Bank, a key financial institution for Russian citizens, causing panic among clients unable to access their accounts. The National Bank cited severe financial deterioration and liquidity risks as reasons for the decision, which follows a recent electoral defeat for the former president's party. Alta Bank had become popular among Russians relocating to Serbia post-Ukraine invasion, offering easier account openings compared to other banks. The bank is now entering bankruptcy proceedings, with deposit guarantees in place for clients. Investigations into potential capital transfers and links to organized crime are ongoing, raising concerns about the bank's operations.