# Serbian regulators shut down the bank of choice for Russian exiles, wiping out many life savings

https://mins.news/en/item/137830

- Meduza, 2026-11-10 19:13 UTC
- Economy
- Original: https://meduza.io/en/feature/2026/11/10/serbian-regulators-shut-down-the-go-to-bank-for-russian-exiles-costing-many-their-life-savings

> Many Russian emigrants in Serbia lost their savings after Alta Bank’s license was revoked on October 31. The Deposit Insurance Agency says compensation could begin as early as November 13, capped at 50,000 euros per customer. A Japanese restaurant founder in Novi Sad said her family’s savings exceeded that limit; they are cutting expenses and struggling to arrange rent and supplier payments.