The earthquake devastated the city entirely. It took 15 lives and thousands of people were lightly or severely injured, while 86.000 apartments were destroyed. Major damage was caused on educational (266), cultural (146), health (133), social and public administration institutions (152).
The economy suffered heavy losses. All enterprises worked with significantly reduced capacities during the following period and some of them stopped the production completely.
After the earthquake, the authorities were forced to send elementary and high school students from Banja Luka to other parts of the former Yugoslavia to finish the academic year.