Raiffeisen Bank International has realized additional forward-looking risk provisions of around 150 million euros for the real estate sector, the Austrian bank s risk chief, Hannes Moesenbacher,.
Rene Benko, one of Europe's most prominent property tycoons, on Wednesday relinquished the chairmanship of Signa Holding, the real estate empire he founded, amid an investor revolt and dimming prospects for the sector. Signa's troubles have come to symbolise the repercussions of a surge in interest rates on companies that have borrowed heavily to grow. Born in 1977 in Innsbruck, Rene Benko dropped out of school and began by turning attics into apartments.
Signa Group founder and prominent European property tycoon Rene Benko is handing over chairmanship of the real estate company he founded to restructuring expert Arndt Geiwitz, the company said on. -November 08, 2023 at 10:35 am EST
- MarketScreener
VIENNA/FRANKFURT (Reuters) - Signa Group founder and prominent European property tycoon Rene Benko is handing over chairmanship of the real estate com.
By Matthias Inverardi, Alexandra Schwarz-Goerlich and Tom Sims VIENNA/DUESSELDORF/FRANKFURT (Reuters) - Rene Benko, one of Europe's most prominent pro.