ALTA bank: owner and management

This page uses only public registries, the bank’s own documents and official National Bank announcements. We leave out press reports about the owner.

Why the licence was revoked, in the National Bank’s words

Verbatim from the National Bank’s announcement, without our interpretation:

“The Executive Board noted that the delicensing was preceded by supervisory activities aimed at enabling the bank to increase its liquidity levels. It was established that the bank’s financial condition deteriorated significantly in the prior period and that there is a likelihood of further deterioration of its financial condition or liquidity, thereby threatening the interests of the bank’s depositors.” — National Bank of Serbia, English version, 31.10.2026; Serbian original, 30.10.2026.

Ownership chain

ALTA banka a.d. Beograd (registration number 07074433, formerly JUBMES banka, ISIN RSJUBME48945): 2,211,690 shares.
100% of the shares belong to ALTA GROUP doo Beograd (registration number 21035254).
According to the CRHoV shareholder register as of 05.11.2026, the National Bank’s register of banks and the bank’s shareholder meeting minutes, the bank’s sole shareholder is ALTA GROUP. According to APR records, ALTA GROUP has a single owner, Davor Macura. These sources show no other shareholders.
The bank owns ALTA Leasing doo and ALTA banka AD Bitola (North Macedonia).

Board (Upravni odbor)

Composition per form OP at 30.09.2026. On 30.10.2026 the National Bank transferred management of the bank to AOD (National Bank statement); since 03.11.2026 AOD has been the bankruptcy administrator: the APR register lists AOD as the bank’s legal representative (section “Zakonski zastupnici”, legal representatives).

According to the bank’s form OP at 30.09.2026 (copy): Davor Macura, Kristijan Ristić, Nebojša Stojanović, Aleksandar Živković, Vladimir Miladinović. The copy of the bank’s management page (web archive) opens a snapshot of 07.03.2026 with the previous composition (it lists Jelena Pantović and not Ristić); the National Bank’s register of banks (copy of 06.11.2026) shows “Data not found”.

Executive board (Izvršni odbor)

According to the bank’s form OP at 30.09.2026 (copy): Una Sikimić, Nikola Krdžić, Tatjana Kuljak, Željko Devčić, Bojan Pantović. On the bank’s website, in the snapshot of 07.03.2026 (web archive), Una Sikimić is chair of the executive board (“predsednica Izvršnog odbora”); the rest of the composition there is different.

The National Bank did not list any proceedings in its statement of 31.10.2026. The official statements say: on 31.10.2026 the Prosecutor’s Office for Organised Crime received a criminal complaint from the NBS against the bank and several of its responsible persons (prosecutor’s statement); on 02.11.2026, on its order, three people were detained for 48 hours, including a responsible person of the bank (named in the statements as D. M.), on suspicion of abuse of position of a responsible person (art. 227 of the Serbian Criminal Code) (prosecutor, Ministry of Interior); on 04.11.2026 the Higher Court in Belgrade ordered detention of up to 30 days for them (court statement). This is a suspicion, not a verdict.

Capital increases by the owner

According to the bank’s shareholder meeting minutes (list on the bank’s website, web archive copy), the sole shareholder, ALTA GROUP, recapitalised the bank several times:

18.08.2025: 266,817 new shares;
24.12.2025: 232,446 shares (17th issue) for 2,347.7 million dinars, all bought by ALTA GROUP (minutes of the meeting of 24.12.2025, pp. 3–4);
January to April 2026: 232,531 shares: ALTA GROUP held 1,688,621 shares at the meeting of 31.12.2025 (minutes, p. 1) and 1,921,152 at the meeting of 29.04.2026 (minutes, pp. 3–6). Not disclosed in the documents: the date and amount of this issue;
after 29.04.2026: another 290,538 shares: the CRHoV register shows ALTA GROUP with 2,211,690 shares against 1,921,152 at the meeting of 29.04.2026. Not disclosed in the documents: the date and amount of this issue.

This is the owner’s money. It does not affect the insured payout of up to €50,000. In bankruptcy, capital contributions are returned only from what is left after all creditors are paid (art. 20 item 7 of the Law on Bankruptcy and Liquidation of Banks).

What the registries do not show

The APR annual statements do not say who sits on the boards; we took that from the bank’s form OP.
The dates of the National Bank’s consent to board appointments are not available.
How the case ends and whether the detention is extended: the official statements do not say yet.