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26.04.2012

Stefan Vavti appointed new CEO of UniCredit Bank Slovenia

  • Stefan Vavti previously held various positions in the Group, including Head of CEE Private Banking and Management Board member at UniCredit Bank Slovenia responsible for Retail, Corporate and Sales Support

At its meeting on Thursday, 26 April 2012, the Supervisory Board of UniCredit Bank Slovenia D.D. designated Stefan Vavti, 42, as new Chief Executive Officer of the bank. Subject to approval by the Slovenian central bank he will take up his new duties and succeed France Arhar, who recently assumed a five-year mandate as Director of the Slovenian Banking Association. As Stefan Vavti previously was a member of the Management Board of UniCredit Bank Slovenia with responsibility for Retail, Corporate and Sales Support, he is familiar with the Slovenian market and the local features of customer business.

Gianni Franco Papa, Head of the CEE Division at UniCredit and Chairman of the Supervisory Board of UniCredit Bank Slovenia: "UniCredit Bank Slovenia has coped very well with the global financial crisis. As economic recovery is progressing slowly, I am happy to leave the steering wheel to an experienced manager like Stefan. I am confident that he will continue along the path of success, which the bank has pursued under the auspices of France Arhar, whom I would like to thank for his achievements."

Stefan Vavti holds a degree in Business Sciences from Karl Franzens University Graz and joined the Group in 1996. In the course of his professional career Vavti has taken on responsibility for various areas of operations, especially within corporate business. Most recently he was Head of CEE Private Banking at a sub-holding level. Prior to this he was a member of the Management Board with responsibility for Retail, Corporate and Sales Support at UniCredit Bank Slovenia. Stefan Vavti’s mother tongue is Slovenian.

In 2011, UniCredit Bank Slovenia was one of the few profitable financial institutions in the market. Despite a challenging environment, operating profit increased by 14.8 per cent, amounting to EUR 41.3 m. Profit before tax was up by 13.8 per cent at EUR 18.0 m.

Enquiries: International Media Relations 
 Tiemon Kiesenhofer, Phone: +43 (0) 50505 - 56036 
 e-Mail : tiemon.kiesenhofer@unicreditgroup.at

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