The debt repayment program was based on a bank restructuring system that
introduced solvency measures into the banking market. As a result, a total of ten
state-owned banks lost their business licenses and were subsequently closed. Those
are: Slavija banka, Privredna banka Novi Sad, Valjevska banka, JIK banka,
Pozarevacka banka, Sabacka banka, Beogradska banka, Beobanka, Jugobanka, and
Investbanka. Later, two more banks were added to this list - Dafiment banka and
Banka privatne privrede Crne Gore.