RBI Annual General Meeting approves all agenda items
Today, the Annual General Meeting (AGM) of Raiffeisen Bank International AG (RBI) for the 2016 financial year took place amid a great deal of interest.
Johann Strobl, CEO of RBI, gave a positive summary at the AGM: "We produced a decent level of consolidated profit in 2016. What is however also key for the future of our bank is that we completed our transformation program earlier than planned and significantly exceeded our capital targets. This puts us in the position to now switch the focus, from strengthening capital ratios in recent years to increasing our profitability. We want to generate good results for our shareholders. And we want to do this on a sustained basis."
It was the last RBI AGM to take place under the chairmanship of Walter Rothensteiner, who had resigned from his Supervisory Board position with effect as of the end of the AGM. Rothensteiner has performed this function since the initial public offering of what was then Raiffeisen International, and expressed his pleasure "that I can hand over this office at a time when RBI is again in calm waters and on a good course. I wish the team, led by Johann Strobl, and my successor Erwin Hameseder all the very best."
The AGM approved all resolutions proposed under the individual agenda items. The Supervisory Board mandates of Heinrich Schaller (CEO of RLB OÖ) and Günther Reibersdorfer (CEO of Raiffeisenverband Salzburg) were extended. Peter Gauper (Executive Director of RLB Kärnten), Wilfried Hopfner (CEO of RLB Vorarlberg), Rudolf Könighofer (CEO of RLB Burgenland) and Johannes Ortner (CEO of RLB Tirol) were newly elected to the Supervisory Board. Eva Eberhartinger, Chair of Tax Management in the Department of Finance, Accounting, and Statistics at the Vienna University of Economics and Business, and Birgit Noggler, an independent tax advisor with financial expertise gained in previous positions, including as CFO of a listed company, are also new to the Supervisory Board. The members of the Supervisory Board were in each case elected until the end of the AGM which will resolve on the granting of discharge for the 2021 financial year.
Following the AGM, the Supervisory Board met for its inaugural meeting in its new composition and elected Erwin Hameseder as its Chairman.
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Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 14 markets of the region are covered by subsidiary banks. Additionally, the Group comprises numerous other financial service providers, for instance in the fields of leasing, asset management, as well as M&A.
In total, more than 50,000 employees service 16.6 million customers through 2,500 business outlets, thereof a majority in CEE. RBI's shares are listed on the Vienna Stock Exchange. The regional Raiffeisen banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Raiffeisen Banking Group (RBG), RBI is the central institute of the regional Raiffeisen banks and other affiliated credit institutions and renders important services in this function.
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