GeopoliticsMedium•2 November 2026•
1 min read
Serbia Revokes Alta Bank License Following Pro-Russia Bloc Defeat
Key Facts
1Serbia's central bank revoked Alta Bank's license, which served as a major conduit for Russian funds.
2The bank's foreign exchange risk ratio hit 42% in 2022, more than double the 20% regulatory limit.
3Government officials reported a large outflow of funds from the bank immediately after the election.
Serbia's central bank revoked the license of Alta Bank, which served as a major conduit for Russian funds. Chosunbiz reported that the move follows the electoral defeat of the pro-Russia bloc, signaling a significant shift in the country's geopolitical alignment.
The bank's foreign exchange risk ratio reached 42% in 2022, more than double the 20% regulatory limit according to the Financial Times. Government officials reported massive capital outflows from the institution immediately after the election, citing concerns over deteriorating liquidity and financial soundness.