Photo: Tanjug/Alta banka"Alta Bank" of Serbian businessman Davor Macura, close to SNS, is expanding beyond the borders of Serbia. After the bank, it also took over an insurance company in North Macedonia, and is preparing for Bosnia and Montenegro
Alta banka in North Macedonia now has a complete package - a bank and an insurance company.
After during 2025. bought Stopanska banka from North Macedonia and thus became the first Serbian bank in the territory of this country, now it also bought the insurance company ZOIL Makedonija AD Bitola and became the owner of all its shares.
After experiencing dizzying banking success in Serbia in just a few years through contracts with state enterprises, the bank increases its equity capital coming from its founder Alta pay, although the direct export of money is unknown.
Davor Macura also has Ideja, the former Croatian supermarket chain in Serbia, on his list of companies he wants to buy.
60.000 shares were bought on the Macedonian Stock Exchange at a price of MKD 1.748,03. The total value of the transaction was 104.881.800 denars, or approximately 1,7 million euros, reports SEEbiz.
After the acquisition, the company changed its name to "Alta Osiguranje AD Skopje". Upon completion of the necessary regulatory procedures, the company will offer non-life insurance products covering automobiles, property, household, travel and business activities.
The company "ZOIL Macedonia" was founded in October 2023. With this acquisition, "Alta Group" unites banking, payment, leasing and insurance services into a single system in North Macedonia.
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"Alta Group" is also preparing to enter the markets of Bosnia and Herzegovina and Montenegro. According to the agreement with the Austrian "Raiffeisen Bank International", it is expected that "Alta" will take over the operations of the "Addiko" bank in Sarajevo and Banja Luka, as well as its operations in Serbia and Montenegro. Austria's Raiffeisen announced this information in its July 2026 plan.
RBI plans to keep the operations of "Addiko" bank in Austria, Croatia and Slovenia.
In Bosnia and Herzegovina, this means that Alta Group would take over two separate banks - "Addiko Bank Sarajevo" and "Addiko Bank Banja Luka", which together represent one of the most important banking groups in the country.
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