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RBI: Meeting About Stepic’s Successor on Monday

Published: May 24, 2013; 13:48 · (Vindobona)

Today, Herbert Stepic announced his resignation as CEO of Raiffeisen Bank International (RBI) due to personal reasons.

RBI: Meeting About Stepic’s Successor on Monday / Picture: © Flickr / World Economic Forum

Stepic became a target of heavy criticism after he had purchased three apartments via offshore companies but not informed the committees about the deal. The supervisory board of RBI has announced – as has the Financial Market Authority – to look into the deal. Even Govenor of the Austrian National Bank (OeNB) Ewald Nowotny will assess the business.

On Friday morning, Stepic…

This article includes a total of 243 words.

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