Skopje, 1 September 1999
Press release of the NBRM
By virtue of Article 120-a of the Banks and Savings Houses Act ("Official Gazette of the Republic of Macedonia" No. 31/93, 78/93, 17/96 and 37/98), National Bank of the Republic of Macedonia informs the public on the following:
1. On June 15, 1999 the Governor of the National Bank of the Republic of Macedonia passed a Decision for revoking the operational license of AKA Banka a.d. - Skopje Branch and introduction of a bankruptcy procedure, due to the impossibility to rehabilitate the Branch. The National Bank of the Republic of Macedonia Council considered the appeal lodged by the Branch and on August 26, 1999 passed a Decision for refusing the appeal as unfounded, and confirmed the Decision of the Governor.
2. On June 15, 1999 the Governor of the National Bank of the Republic of Macedonia passed a Decision for revoking the operational license of Liberty International DOO - Bitola savings house, which is prohibited from conducting all banking operations, except collection of extended credits, applied since the date of receipt of this Decision. The National Bank of the Republic of Macedonia Council considered the appeal lodged by the Savings House and on August 26, 1999 passed a Decision for refusing the appeal as unfounded, and confirmed the Decision of the Governor.
Governor's Office
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