VIENNA, June 7 Austrian lender Raiffeisen Bank
International has called a news conference for 1030
GMT to discuss the outcome of a supervisory board meeting that
it had said would select a new chief executive. It gave no more
Herbert Stepic, 66, last month stepped down as CEO of
central and eastern Europe's second-biggest bank.
He has denied wrongdoing in using front companies in the
Caribbean and Asia to buy three apartments in Singapore and said
he decided to quit to spare the bank a damaging debate about
his personal investments.
His departure may trigger structural changes or asset sales
at RBI, which is 78 percent owned by Raiffeisen Zentralbank
, controlled by eight provincial Raiffeisen landesbanks
which are in turn owned by hundreds of local cooperative banks.
(Reporting by Michael Shields; Editing by Greg Mahlich)