Peter Lennkh takes over responsibility for Corporate Business within the Managing Board of RBI


Vienna,18 September 2013

• RBI’s Managing Board remains at current size with six members
• Lennkh has been board member within the organization since 2004
• CEO Sevelda takes over divisions International Banking Units and Participations

The working committee of the Supervisory Board of Raiffeisen Bank International AG (RBI) has today taken the decision to assign Peter Lennkh with the responsibility for the Corporate Business within RBI. With this, Lennkh will take over the divisions Corporate Customers, Network Corporate Customers & Support, Group Products und Corporate Sales Management & Development, for which the new CEO of RBI, Karl Sevelda, has been responsible for many years. Sevelda will take over the divisions International Banking Units und Participations from Lennkh. With the decision, RBI finalized the organizational re-shuffling of Managing Board responsibilities which became necessary after appointing Sevelda new CEO at the beginning of June 2013 and adding the CEO functions to his existing tasks as Corporate Business board member. The new structure will enter into force as of 1 October.

“With Peter Lennkh a manager with longstanding expertise takes over a key role within the group. Since his appointment as a board member some nine years ago, he has not only proven his ability to think strategically but also his authority and strong engagement. Lennkh has a wide range of experience and extensive knowledge, both in the Corporate Business and Product areas“, said Walter Rothensteiner, Chairman of RBI’s Supervisory Board on the occasion of Lennkh’s appointment.

“I look forward to this new challenge and responsibility. The Corporate Business is still the backbone of RBI, not only in Austria but within the entire group,” added Lennkh.

Peter Lennkh joined the organization in 1988 and worked for the department International Finance. He rejoined Raiffeisen Zentralbank Österreich AG (RZB) in 1992 after a two-year-break and built up the Czech subsidiary bank, which opened its doors 20 years ago, with responsibility for the Corporate Business within the Managing Board. After returning to RZB head office, he was project manager for the foundation of subsidiary banks in Russia and Ukraine and later responsible for various product areas. With his assignment as Board Member of Raiffeisen International Bank-Holding AG, Lennkh became responsible for the co-ordination and co-operation of all subsidiary banks in Central and Eastern Europe as well as assuming responsibility for the Corporate Business within Raiffeisen International. Since the merger of Raiffeisen International with the main business areas of RZB in 2010, he has been fulfilling the role of coordinating all network units on a worldwide level. Lennkh turned 50 recently, is married and father of two daughters and a son.

All other responsibilities within the Managing Board -– Johann Strobl (Deputy Chairman of the Board and Chief Risk Officer), Aris Bogdaneris (Retail Banking and Chief Operating Officer), Klemens Breuer (Board Member for Markets) and Martin Grüll (Chief Financial Officer) – remain unchanged. ”With the reorganization of the board responsibilities we also set a clear message for our austerity measures,” said RBI CEO Sevelda. ”We remain with the reduced number of six board members and see this also as a contribution to our cost savings program, which we will be starting in the coming weeks.”

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Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.

RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus.

In total, around 59,000 employees serve over 14.3 million customers through more than 3,000 business outlets, the great majority of which are located in CEE.

RBI is a fully consolidated subsidiary of Raiffeisen Zentralbank Österreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the head office of the entire RZB Group, including RBI.

For further information please contact Michael Palzer (+43-1-71 707-2828, [email protected]) or Ingrid Krenn-Ditz (+43-1-71 707-6055, [email protected]).,