Despite the loss of several enclaves, notably Srebrenica, 1995 was marked by HVO and ARBiH offensives and later by NATO intervention. The Croatian army, with cooperation from ARBiH and HVO, launched a series of operations: Flash, Summer '95, Storm and Mistral. In conjunction, Bosnian forces launched operations Sana and Una '95. Bosnian and Croat armies were on the offensive in this phase, captured entire western Bosnia, and the Serb capital Banja Luka was seriously threatened, until peace negotiations stopped further bloodshed.
In the period of August-December 1995, Serb forces were defeated and driven out of the majority of Croatia and western Bosnia, and the ethnic Serb population fled from these parts.
Following the second Markale massacre, NATO intervention was launched, which destroyed much of the VRS infrastructure in just a few days (Operation Deliberate Force). The war ended with the signing of the Dayton Accord.