The head of the Raiffeisen Bank resigned after checking offshore transactions

The Executive Director of the Austrian Raiffeisen Bank International Stepic (Herbert Stepic) has resigned, according to Bloomberg. The press-service financial institution noted that Stepic decided to resign for personal reasons, and it will consider the application immediately. Prior to deciding the top management Stepic RBI will continue to perform their duties.

The day before, on May 23, Stepic in an interview with Vienna's News said that he has an account in a Swiss bank UBS, which he uses for real estate investment management in Singapore. Following the publication of the Central Bank of Austria promised to check the legality of offshore transactions Stepic. He denies that in any way violated the law, points out Reuters.

Previously, transactions with real estate Stepic already been subjected to checks by regulators. As recalled by Bloomberg, the Austrian financial regulator FMA this week finished checking the transaction chapter RBI in Serbia. On any wrongdoing by Stepic in FMA were reported.