VIENNA, June 7 New Raiffeisen Bank International
Chief Executive Karl Sevelda has a contract that runs
until mid-2017, the Austrian bank said on Friday.
Sevelda told a news conference on the day he was named
Herbert Stepic's successor that the bank remained committed to
its core central and eastern Europe region and would not exit
Russia or Hungary.
He reiterated the Austrian bank's stance that a capital
increase to shore up its balance sheet was an option depending
on market conditions and said it was placed to repay Austrian
state aid at any time.
(Reporting by Michael Shields)