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2026-10-31 13:50:38Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Davor Macura, Alta Bank

The National Bank of Serbia has taken a drastic decision this Saturday, October 31, by revoking the license of ALTA Banka, the financial institution controlled by the group of businessman Davor Macura, whose name has been repeatedly mentioned by the Serbian opposition for suspected financial ties to the circle of Aleksandar and Andrej Vučić.

The decision was officially confirmed by the National Bank of Serbia (NBS), which announced that ALTA Banka's financial situation had deteriorated significantly, endangering the interests of depositors.

According to the announcement, the banking institution had previously been inspected and required to take measures to improve liquidity. However, the authorities determined that there was a risk of further financial deterioration.

After the license is revoked, the Deposit Insurance Agency will take over the administration of the bankruptcy proceedings, according to the relevant court decision.

Deposits are insured up to 50 thousand euros per depositor, while the authorities have announced procedures for returning the guaranteed amounts.

Davor Macura, 43, started his business in 2008, when he opened a currency exchange office in Zemun, a suburb of Belgrade.

In 2014, his business was transformed into a trading company, while in 2016 the company ALTA Pay received a license to provide payment services.

The biggest expansion came in 2019, when Macura's group bought a stake in JUBMES Banka, becoming the main shareholder. In March 2020, the bank was renamed ALTA Banka.

Within a few years, Macura expanded its activities into the banking sector, payment services, real estate, and trade.

The rapid growth of his business empire has been accompanied by accusations from the Serbian opposition of privileged relationships with people close to power.

In December 2025, opposition MP Marinika Tepić publicly accused Macura of serving as a cover for the financial operations of Aleksandar and Andrej Vučić.

Tepić claimed that his enrichment and transition from a currency exchange office to control of a bank could not be explained without political support.

On 29 October 2026, the Montenegrin newspaper Vijesti published an investigation into Macura's alleged business connections with people close to Vučić's political circle. The investigation cited suspicions based on unofficial security information, but no conclusive evidence, that Macura was managing the Vučić family's finances.

The license revocation comes after several days of controversy in Serbia over suspected transfers of large sums of money abroad.

Serbian lawyer Ivan Ninić requested an extraordinary audit of ALTA Banka, claiming that he had information about an accelerated process of transferring funds to accounts outside Serbia.

Meanwhile, opposition representatives raised suspicions about the conversion of an amount of around 50 million euros and its transfer abroad.

The National Bank of Serbia had previously stated that the bank transfers were carried out through regular channels and in accordance with the law. North Macedonian authorities also described the allegations of suspicious transfers to their territory as unverified.

For now, the question that remains open is whether the controls and procedures following the revocation of the license will only reveal liquidity problems, or also other violations in the bank's administration.

The October 31 decision marks the end of ALTA Banka's banking activity under its existing license, while the investigation into allegations of political connections and financial transfers remains a separate matter.


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