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Report: UniCredit bank Banja Luka closes brokerage unit

UniCredit Bank a.d. Banja Luka shut down its brokerage unit UniCredit Broker, SEEbiz reported June 7.

The Securities Commission of Republika Srpska — one of two entities making up Bosnia and Herzegovina canceled UniCredit Broker's license to provide brokerage and dealer operations June 2, and the company was excluded from the list of the stock exchange members June 6, the news report said.

UniCredit SpA is the ultimate parent of UniCredit bank Banja Luka.