Raiffeisen Bank has appointed a new Chairman of the Management Board

•  Rainer Schnabl moves to new position at Raiffeisen Bank International AG; Lars Frankemölle will succeed him as CEO of Raiffeisen Bank d.d. Bosna i Hercegovina; strategic continuity and sustainable growth remain key priorities

Lars Frankemölle will succeed Rainer Schnabl as the new Chairman of the Management Board of Raiffeisen Bank dd Bosna i Hercegovina starting from March 1, 2026. Rainer Schnabl is moving to a new position as a member of the Management Board of Raiffeisen Bank International AG. 

"The appointment of Lars Frankemölle represents a continuation of the strategic path that we have established. His extensive expert knowledge and many years of leadership experience make him exceptionally competent to lead Raiffeisen Bank d.d. BiH in the next phase of development. At the same time, we thank Rainer Schnabl for his strong contribution and wish him much success within the Raiffeisen Group," said Peter Jacenko, Chairman of the Supervisory Board of Raiffeisen Bank d.d. BiH.

This management change represents a clear continuity of the bank's strategic direction. Raiffeisen Bank remains committed to acting as a strong, reliable and promising partner to customers, employees, the Raiffeisen network and the wider community — with a firmcommitment to sustainable development and long-term growth.

Lars Frankemölle currently serves as the Chief Risk Officer of Raiffeisen Bank since April 2024. He has over 25 years of experience in the banking industry, including several senior management positions in Austria and the CEE/SEA region. 

"It is a great honour for me to take over the role of Chairman of the Management Board of Raiffeisen Bank d.d. BiH. I am grateful for the trust shown in me. I remain fully committed to strengthening the bank's position and fostering innovation and stability," said LarsFrankemölle, newly appointed CEO of Raiffeisen Bank d.d. BiH.

Raiffeisen Bank expresses its sincere gratitude to Mr Schnabl for his strategic leadership from 2022. His contribution further strengthened the bank's resilience, strength and market position. 

"Leading Raiffeisen Bank d.d. BiH has been a privilege and I am proud of what we have achieved together over the last few years. I am sure that under Lars' leadership the bank will continue its strong path of growth, innovation and customer-centric development. "I thank our customers, partners and colleagues for their trust and cooperation and look forward to continuing to support the Group in my new role at Raiffeisen Bank International," said Rainer Schnabl,former CEO of Raiffeisen Bank d.d. BiH.

Lars Frankemölle will be succeeded as the Chief Risk Officer of Raiffeisen Bank dd BiH by Nermina Alić, who joined the bank in 2020 and has since been recognised for her professional excellence and strong contribution to the development of the risk management function.