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+<!-- 11.3.2 START -->
+
+# 11.3.2 (2024-12-04)
+
+### Features and enhancements
+
+- **Backport:** Announcement Banners: Enable feature for all cloud tiers (Enterprise)
+
+### Bug fixes
+
+- **Fix:** Do not fetch Orgs if the user is authenticated by apikey/sa or render key [#97262](https://github.com/grafana/grafana/pull/97262), [@mgyongyosi](https://github.com/mgyongyosi)
+
+<!-- 11.3.2 END -->
 <!-- 11.2.5 START -->
 
 # 11.2.5 (2024-12-04)