Bosnia's MF Banka management board president steps down

Luburic was relieved of his duties through the mutually agreed termination of his employment contract, which was concluded on March 5, MF Banka said in a bourse filing on Monday.

Aleksandar Kremenovic, the president of the bank's supervisory board, was appointed acting president of the management board for a period of three months starting March 6.

No further details were provided.

The lender's shares have not traded on the Banja Luka bourse in the past year.