Alta Bank placed under temporary management of the Central Bank
The National Bank of the Republic of Macedonia (NBRM) announced that it has placed Alta Banka Bitola under temporary administration. Governor Trajko Slaveski made the announcement during a press conference held today. Under the temporary administration, the bank’s assets and daily operations are now managed by administrators appointed by the central bank. The change transfers control from the bank’s previous management to the supervisory authority. The central bank indicated that the measure is intended to stabilize the institution. No further details about the reasons for the intervention were provided in the statement. The news was first published by Republika English.
The Central Bank (NBRM) placed Alta Banka Bitola under temporary administration and has assumed control of the bank’s management. The decision was announced today by Governor Trajko Slaveski during a press conference. With the introduction of temporary administration, the management of the bank’s assets and operations now falls under the authority of administrators appointed by […] The post Alta Bank placed under temporary management of the Central Bank appeared first on Republika English .