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raiffeisen bank agm disrupted by protests over ties to russian companies

Raiffeisen Bank's AGM in Vienna was marred by protests over its connections to sanctioned Russian companies, led by activist groups demanding accountability for the bank's investments in Russia. Despite claims of compliance with sanctions, investigations suggest ongoing support for military suppliers and financial transfers to Russia. CEO Johann Strobl defended the bank's operations, asserting that they overshadow its overall performance.

Rupert Reif appointed Group Spokesman of Raiffeisen NÖ-Wien effective April 2025

Rupert Reif will take over as Group Spokesman and head of Group Communications at Raiffeisen-Holding Niederösterreich-Wien and Raiffeisenlandesbank Niederösterreich-Wien starting April 1, 2025. Previously, he served as Deputy Head of Cabinet and Press Spokesman for the Federal Chancellor, with a background in economic and European policy communication. Reif aims to enhance the public image of Raiffeisen through strategic positioning and innovative communication approaches.

Raiffeisen RBI shareholders meeting disrupted by protests over Russian business ties

Protests erupted during Raiffeisen Bank International's Annual General Meeting, focusing on the bank's operations in Russia. An activist shareholder interrupted the meeting, accusing the bank of "warmongering," while CEO Johann Strobl reiterated plans to further reduce Russian business amid ongoing legal disputes with Rasperia. Additionally, the bank faces a €50 million increase in levy costs this year, which has been criticized as a hindrance to economic growth.

RBI faces protests and legal challenges during annual general meeting

RBI's Annual General Meeting faced protests, with activists accusing the bank of "warmongering" and demanding an end to its operations in Russia. Despite these disruptions, RBI reaffirmed its commitment to scaling back its Russian business, while also preparing to seek damages from Rasperia if a court ruling is upheld. In Vienna, RBI shares saw a temporary increase of 1.54%, reaching 26.40 euros.

Raiffeisenbank faces legal challenges in Russia over billion-euro lawsuit

Raiffeisenbank Russia faces a significant legal challenge as a St. Petersburg court rejected its appeal against a Kaliningrad court's temporary injunction. The bank must prepare for an appeal hearing on April 24 regarding a €2.044 billion lawsuit from Rasperia Trading Limited, linked to EU sanctions against Russian oligarch Oleg Deripaska. If the appeal fails, Rasperia could access Raiffeisenbank's funds, complicating the transfer of STRABAG shares due to existing sanctions.

Raiffeisenbank faces legal challenges in Russia over billion-euro lawsuit

Raiffeisenbank Russia faces a significant legal challenge as its appeal against a Kaliningrad court's ruling, which could require it to pay Rasperia Trading Limited €2.044 billion and transfer STRABAG shares, is set for a hearing on April 24. The case stems from Rasperia's claims related to EU sanctions against its former owner, Oleg Deripaska, and highlights the complex legal entanglements involving Raiffeisen's connections to STRABAG. Meanwhile, RBI shares dropped 1.62% amid ongoing uncertainties.

Raiffeisenbank Russia faces legal setbacks in billion euro Strabag lawsuit

Raiffeisenbank Russia faced a setback in court as its appeal against a sales prohibition was rejected, with a crucial hearing set for April 24 regarding a €2.044 billion lawsuit from Rasperia Trading Limited, linked to EU sanctions against its former owner, Oleg Deripaska. If the appeal fails, Rasperia could access funds from the bank, complicating the share transfer process due to EU restrictions. The case highlights the intricate ties between the parties involved, particularly through Raiffeisen-Holding Niederösterreich-Wien.

Raiffeisenlandesbank NÖ-Wien reports profit growth amid challenging economic conditions

Raiffeisenlandesbank NÖ-Wien reported a consolidated net profit of EUR 397.2 million for 2024, down from EUR 807.8 million the previous year, largely due to Raiffeisen Bank International's reduced earnings. Despite economic challenges, the bank improved its operating result and cost/income ratio, while focusing on qualitative growth and innovative customer solutions. The ongoing restructuring of Baywa continues to impact performance, with increased risk provisions anticipated for corporate loans amid rising insolvencies.

raiffeisenbank russia appeals court ruling in strabag shareholder dispute

Raiffeisenbank Russia has appealed a Kaliningrad court ruling that ordered it to pay €2 billion in damages to Rasperia, a shareholder in Strabag, and to take over its shares. The appeal, submitted on February 21, indicates that a sale of Raiffeisenbank Russia remains prohibited due to an interim injunction, which is likely to stay in effect until a final ruling is made.

strabag lawsuit in russia postponed as share price rises amid legal disputes

A Russian court has postponed the STRABAG lawsuit to January 20, following unsuccessful motions by the Austrian parties to dismiss or transfer the case. The dispute involves Rasperia, previously controlled by sanctioned oligarch Oleg Deripaska, seeking to enforce a share takeover by Raiffeisenbank Russia after a failed acquisition. Concurrently, Raiffeisenbank Russia is interested in another lawsuit in Moscow regarding Rasperia's ownership structure, with implications for the Kaliningrad case.
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