CAA Vienna Luncheon

May 4, 2011

CAA Vienna heard from Helmut Breit, Raiffeisen Bank Internationa, at its spring luncheon on May 4 2011.

The luncheon was attended by 21 Alumni (Helmut Breit, Willi Brünner, Andreas Calice, Armin Dallmann, Gustav Dressler, Wolfgang Drewes from Chase germany, Gerhard Eisenburger, Wolfgang Fenkart-Fröschl, Edith Fischer, Alexander Götzinger, Günter Korp, Michael Kraus, Manfred Kunert, Volker Pesta, Peter Pichler, Peter Püspök, Heinz Ratka, Wilhelm Rosenfeld, Maria Steiner, Jens Weidenbruch, Eberhard Winkelbauer).

Helmut gave an excellent overview of the Raiffeisen Group during the past two to three years and the challenges lying ahead with Basel III and Raiffeisen's future plans in Eastern Europe. Raiffeisen has weathered the crisis well and will continue to focus on Eastern Europe where debt/GDP levels are still relatively low and where GDP growth rates will be double of Western Europe. Raiffeisen´s retail network will be expanded and the customer deposit base expanded. The new corporate structure will make it easier to access capital markets.