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Serbia: Privredna Banka to Face Bankruptcy Proceedings

Published: October 29, 2013; 10:09 · (Vindobona)

National Bank of Serbia annuls the operating license from Privredna banka. Bankruptcy proceedings are ahead.

Serbia: Privredna Banka to Face Bankruptcy Proceedings / Picture: © Privredna Banka a.d. Beograd

The National Bank of Serbia's Executive Board issued a decision revoking the operating license from Privredna banka a.d. Beograd in accordance with the Law on the Assumption of Assets and Liabilities of Banks for the  Purposes of Safeguarding Stability of the Financial System of the Republic of Serbia.

The license was revoked following the Government’s conclusion which ordered…

This article includes a total of 246 words.

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