Raiffeisen Chief Stepic Offers to Quit After Offshore Probe
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Raiffeisen Bank International AG Chief Executive Officer Herbert Stepic offered to resign from eastern Europe’s second-biggest lender, a day after officials began a probe into his investments through offshore accounts.
Raiffeisen will “promptly consider” Stepic’s offer to quit, the Vienna-based lender said in a statement today. The 66-year-old CEO has worked at the bank for four decades and spearheaded its expansion into 17 former communist countries after the Soviet Union’s dissolution.