A Belgrade court officially placed Alta Banka into bankruptcy, triggering state-backed payouts for depositors following the arrests of three bank officials for an alleged $427 million heist.
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Meduza · 19h
Russian émigrés in Serbia have had their money frozen after Alta Bank collapsed. To help them get by, Serbs are compiling a list of Russian-speaking businesses where customers can pay cash, while volunteers collect essentials for stranded depositors. meduza.io/en/feature/2...
Meduza · Mon 12:03
Serbia has revoked the license of Alta, one of the few local banks where Russian emigrants could easily open accounts. Now thousands face frozen savings, inaccessible salaries, and uncertainty over whether they’ll get all their money back.
meduza.io/en/feature/2...
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5occrp.org ↗Russian émigrés in Serbia have had their money frozen after Alta Bank collapsed. To help them get by, Serbs are compiling a list of Russian-speaking businesses where customers can pay cash, while volunteers collect essentials for stranded depositors.
meduza.io ↗Russians in Serbia organize mutual aid after Alta Bank collapses, freezing their savings and salaries — Meduza
Many Alta customers lost access to their money after the National Bank of Serbia revoked the bank’s license. Alta was one of the few local banks that opened accounts for Russians who had emigrated. Customers’ salaries, savings, and money for monthly expenses are frozen. Serbian authorities have promised to repay up to…
meduza.io ↗Serbia has revoked the license of Alta, one of the few local banks where Russian emigrants could easily open accounts. Now thousands face frozen savings, inaccessible salaries, and uncertainty over whether they’ll get all their money back.
meduza.io ↗‘I have two days until the food in my fridge runs out’: Thousands of Russian emigrants left scrambling after Serbia shuts down Alta Bank, freezing their savings — Meduza
On October 30, Serbia’s Central Bank revoked the license of Alta, one of the few local banks where Russians could relatively easily open an account. Clients’ accounts were frozen. Many had kept money there from selling property in Russia, while others received their salaries through Alta accounts. Authorities promised…
meduza.io ↗