Alta Bank raises withdrawal limit as six investors express interest
Get European news in your inbox daily
A short daily digest of the whole continent — or just the countries you care about.
Check your email. We've sent a confirmation link — click it to complete your subscription.
The ongoing Alta Bank crisis saw several new developments today, offering some relief to depositors and potential paths forward for the institution. The weekly cash withdrawal limit for Alta Banka customers is set to increase to 15,000 Denars starting Monday, November 9. Additionally, the National Bank will arrange bus transportation for pensioners from Prilep, Resen, and Ohrid to the Alta Banka branch in Bitola to facilitate withdrawals.
Six investors have reportedly expressed interest in acquiring Alta Banka, with discussions already underway with two banks regarding a potential sale. The bank has also opened dedicated counters in Manastir to assist customers with cash withdrawals.
In related political news, the opposition has released meeting minutes concerning Alta Banka and accused the government. Separately, VMRO-DPMNE alleged that SDSM is engaging in sabotage and that Filipche is intentionally creating chaos for political points. The State Election Commission also rejected VMRO-DPMNE's appeal for a recount of votes in Cellopek, Bervanica.