GLS Alternative Investments SICAV - Mikrofinanzfonds, managed by IPConcept Fund Management SA agreed to acquire a 5.4% stake in MF Banka a.d. Banja Luka from Mikrokreditno drustvo Mikrofin d.o.o. Banja Luka for BAM 2.5 million.

Mf Banka ad Banja Luka is a Bosnia and Herzegovina-based bank. It offers a number of banking services to retail clients and legal entities, such as transaction accounts, savings, credit cards, domestic and international payments, loans and deposit operations, among others. The Bank operates through a central office and regional branches based in Banja Luka, Laktasi, Gradiska, Derventa, Brcko, Bijelina, Doboj, Istocno Sarajevo, Prijedor, Zvornik, Novi Grad, Teslic and Prnjadvor. As of December, 31, MKD Mikrofin doo Banja Luka held a 99.23% stake in the Bank.