Alta Bank bankruptcy: deposit payout date due by Friday
Belgrade's Commercial Court has opened bankruptcy proceedings against Alta Bank, and Postal Savings Bank will pay out insured deposits of up to 50,000 euros.
The Commercial Court in Belgrade opened bankruptcy proceedings against Alta Bank on Tuesday, November 3, 2026. The Deposit Insurance Agency (AOD) was appointed bankruptcy trustee, and its Board of Directors decided that insured amounts will be paid to depositors by Postal Savings Bank (Banka Postanska stedionica).
When will Alta Bank deposit payouts begin?
There is no exact date yet. The agency has said it will publish one no later than Friday, November 6, 2026, on its website, www.aod.rs, together with a list of the Postal Savings Bank branches where the money can be collected. According to the agency’s website, payouts must begin within seven working days.
In a statement, the agency also described how the process is organized:
“By Friday, November 6, 2026, the Agency will publish on its website (www.aod.rs) information on the start date of payouts of insured amounts, as well as a list of the Postal Savings Bank branch network where the payouts will be made.”
It added that the “Agency’s operational capacities have been fully put into service to pay out insured amounts as efficiently as possible”.
How much money is insured?
The deposit insurance system protects individuals, entrepreneurs, and micro, small, and medium-sized legal entities up to 50,000 euros per depositor, regardless of currency or account type. The Deposit Insurance Fund, AOD says, has enough money to pay all insured amounts to Alta Bank depositors.
The payout currency matches the currency of the deposit. The agency explained it this way: “Dinar deposits will be paid out in dinars, and foreign currency deposits in euros.” The window for collecting the money is long: “Depositors will be able to collect their insured amounts within three years,” the statement says. In other words, there is no rush to the counter, and the first day of payouts is not the last.
How did it come to bankruptcy?
The National Bank of Serbia said earlier that, after carrying out control activities and imposing a temporary measure, it revoked Alta Bank’s operating license. According to a statement relayed by B92, this happened on October 30, while the Novi Sad portal 021 reports that the license was revoked on Saturday, which would be October 31. The sources, then, disagree on the exact day.
We covered the first step when news arrived of the license revocation and the 50,000 euro limit. Bankruptcy is the next link in the chain: the court opened proceedings by ruling, and the agency took over as trustee and chose the bank through which the money will be returned.
The National Bank of Serbia has announced that within three working days of the Commercial Court’s ruling it will publish a notice on the conditions, places, and deadlines for paying out insured deposits, along with other information for the bank’s clients. Depositors should therefore follow two sources: the AOD website and the notices of the National Bank of Serbia.
