The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

CEE architects of transition: Herbert Stepic

Herbert Stepic joined Raiffeisen Zentralbank Österreich (RZB) in 1973. In 1978, he took over the group’s international banking division and from 1986 led its expansion into emerging Europe. He stepped down as chief executive of RZB’s legal successor Raiffeisen Bank International in 2013.

Herbert-Stepic-780



compass-illo-300.jpg

Few individuals have left a greater mark on banking in emerging Europe than Herbert Stepic. From small beginnings in Hungary in 1987, the founder of Raiffeisen Bank International built up a regional empire that today spans 13 countries from Russia to Albania.

“When we opened our first bank in Hungary, it was literally the Wild East,” remembers Stepic. “There were no banking laws, no bankers, no credit bureau and no systems.”

He says his previous experience in emerging markets stood him in good stead. The famously convivial banker began his career at Raiffeisen Zentralbank Österreich (RZB) in 1973, when he was headhunted to set up the group’s foreign trade division. 




You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree