Agence France-PresseMay 24, 2013 10:16
The chief executive of one of Austria's biggest banks, Herbert Stepic of Raiffeisen Bank International (RBI), tendered his surprise resignation on Friday after magazine revelations about personal foreign investments.
Stepic, 66, credited with helping Raiffeisen become a major lender in central and eastern Europe, said that his decision to end his 40-year career at the bank was "to avoid any damage to Raiffeisen's reputation".
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