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FK Borac was the runner-up in the 1975 Yugoslav Cup, and won it in 1988 as the only Second League club to ever achieve this. The club also won the Mitropa Cup (Central European Cup) in 1992. It played a total of eight games in UEFA competitions.
Seven Borac players participated in the Yugoslav national football team and its stadium, the City Stadium of Banja Luka (capacity: 7,238), hosted five international matches.
Borac Banja Luka in recent times had great success by winning three First League of the Republika Srpska titles, first one in 2000/2001, the second in 2005/2006 and the third in 2007/08.
FK Borac Banja Luka is one of the oldest football clubs from former Yugoslavia. Borac supporters group "Лешинари"/"Lešinari" are formed in 1987.