Founded in 2006, Univerzitet za poslovne studije (University for Business Studies) is a for-profit private higher-education institution located in the small city of Banja Luka (population range of 50,000-249,999 inhabitants), Republika Srpska. Officially recognized by the Ministarstvo prosvjete i kulture Republike Srpske (Ministry of Education and Culture of the Republic of Serbia), Univerzitet za poslovne studije (UPS) is a coeducational Bosnian and Herzegovinian higher education institution. Univerzitet za poslovne studije (UPS) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees in several areas of study. UPS also provides several academic and non-academic facilities and services to students including a library, as well as administrative services.