The Deposit Insurance Agency will start reimbursing the insured depositors no later than seven business days after the Commercial Court in Belgrade renders the decision to initiate bankruptcy proceedings against the bank.
The notice on the terms, locations, and deadlines for the payment of covered deposits shall be published in the media and on the website of the Deposit Insurance Agency (www.aod.rs) no later than three business days after the Commercial Court in Belgrade renders the decision to initiate bankruptcy proceedings against the bank.
Natural persons, entrepreneurs, as well as micro, small, and medium-sized legal entities are entitled to reimbursement.
The coverage limit is 50,000 euros per depositor. Dinar deposits will be reimbursed in dinars, whereas the foreign currency deposits will be repaid in euros, at the median exchange rate of euro against the given currency applicable on the day the bankruptcy proceedings against the bank are initiated.Within three business days after the Commercial Court in Belgrade renders the decision to initiate bankruptcy proceedings against the bank, the Deposit Insurance Agency shall publish on its website and in the media a call to retail investors who had trading accounts in Alta bank a.d. Beograd to submit their claims for reimbursement, specifying the deadline for the submission of the claims.