The Supervisory Board of Raiffeisen International Bank-Holding AG(Raiffeisen International) has confirmed two appointments yesterday,namely Peter Woicke and Stewart Gager. Peter Woicke is the formerExecutive Vice President of the International Finance Corporation (IFC)and Managing Director of the World Bank, both positions that he helduntil January 31, 2005. He is not only an internationally renownedbanker, but also contributes many years of emerging market experience.Stewart Gager was nominated by the European Bank for Reconstruction andDevelopment (EBRD). He previously held senior management positions withglobal banks, among them Chase Manhattan and HSBC. He is regarded as anexpert in credit risk and has a long track record in emerging markets.The EBRD and IFC each acquired 4 per cent of Raiffeisen International inOctober 2004 through an increase of the company’s equity.
“We are very glad that we could attract two such banking experts, both of them bringing additional know-how in emerging markets and particularly Central and Eastern Europe“, said Walter Rothensteiner, Chairman of the Supervisory Board. Additionally the Supervisory Board ismade up of Patrick Butler, Karl Sevelda and Manfred Url, who are also Members of the Board of Management of Raiffeisen Zentralbank Oesterreich AG (RZB).
In line with the two new appointments to the Supervisory Board ofRaiffeisen International Mr. Rothensteiner also confirmed that, subjectto prevailing market conditions, an IPO could be considered during thefirst half of 2005.
Raiffeisen International is the holding company unit for the RZB Group’s participations in Central and Eastern Europe. It is a fully consolidated RZB subsidiary. According to Raiffeisen International’s preliminary figures for the year ending December 2004, the balance sheet total reached roughly EUR 27.6 billion, which is 37 per cent upon the figure for year-end 2003. This increase is mainly attributable to organic growth.