Bosnian insurance company Bobar Osiguranje said on Monday it will borrow 5 million marka (2.6 million euro) from the local Bor Banka. The company's shareholders approved the loan on November 9, the insurer said in a filing with the Banja Luka Stock Exchange.

Bobar Osiguranje must obtain consent from the insurance agency of the Serb Republic entity and sign the loan deal before March 1 when the shareholders' consent is set to expire. Read the full story BOSNIA's Bobar Osiguranje to borrow 2.6 mln euro from local bank