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Inter-Európa Bank Rt, the Hungarian unit of Sanpaolo SpA, Italy's third-biggest lender, said Chief Executive Officer Luigi Mastrapasqua will step down at the bank's extraordinary general meeting next month, Bloomberg reported.
Budapest-based IEB didn't give a reason for Mastrapasqua's departure, according to a general meeting invite posted on the stock exchange website. The meeting is scheduled for May 10. Mastrapasqua worked as CEO at IEB since November 2003.