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Concerns over Addiko Bank purchase in Montenegro and Serbian political ties

Addiko Bank logoAddiko Bank
Sig2.12Sen-2.55Env0.00Soc0.00Gov-4.78

The purchase of Addiko Bank in Montenegro is framed as needing greater economic and institutional scrutiny than typical bank acquisitions. It highlights Alta Pay’s end-2023 role with Serbia’s EPS for electronic electricity billing without a public tender and a limited vehicle tender involving a Macura leasing consortium. Research claims state funds reached Alta while payments were also made to the ruling Serbian Progressive Party fund, raising questions about the model’s implications for Montenegro.

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