podružnica

1. branch; local office
   Banka je otvorila novu podružnicu u Novom Sadu. — The bank opened a new branch in Novi Sad.
   Naša sindikalna podružnica ima pedeset članova. — Our union branch has fifty members.
2. subsidiary
   Ta firma je podružnica jedne nemačke kompanije. — That firm is a subsidiary of a German company.

In Serbia a bank branch is usually called filijala or ekspozitura, a post office is pošta or poštanska jedinica, the legal term is ogranak, and a subsidiary is ćerka-firma or zavisno društvo. Podružnica is most often used for local units of organizations (podružnica sindikata) and sounds somewhat Croatian in business contexts.