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Vladimir Putin's pressure on Western companies has intensified, particularly affecting the Austrian Raiffeisen Bank International (RBI), which is entangled in a legal dispute with Russia over its attempt to exit the market. A Russian court has issued a temporary injunction preventing RBI from selling its Russian subsidiary, complicating its withdrawal plans. Despite criticism for its ongoing operations in Russia, RBI has significantly reduced its business there, facing threats from the U.S. to limit its access to the American financial system.
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.
During Raiffeisen Bank's Annual General Meeting in Vienna, a shareholder interrupted the proceedings with loud accusations regarding the bank's investments in Russia, claiming they support the ongoing war. Despite attempts by Supervisory Board Chairman Erwin Hameseder to restore order, the meeting was briefly halted. Raiffeisen Bank is in the process of withdrawing from Russia but faces a legal dispute with Rasperia, which is seeking 1.9 billion euros in damages related to frozen investments.
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.
Raiffeisen Bank International (RBI) faces significant challenges as it attempts to withdraw from the Russian market, hindered by a Russian court's injunction against selling its subsidiary. Despite pressure from the U.S. and the European Central Bank to reduce its Russian operations, RBI remains one of the last Western banks active in the region, drawing criticism for its financial ties to the Kremlin amid ongoing geopolitical tensions. The upcoming Annual General Meeting on March 26, 2025, may provide insights into the bank's future strategies and the impact of its Russian business.
BNP Paribas has achieved significant recognition at the SSRP Europe's Structured Products Awards 2025, winning three prestigious titles: 'Best Single Issuance Platform', 'Best Distributor, Austria', and 'Rising Star' for Jennifer Scemama Selander in Equity Derivatives.
Deutsche Bank maintains a Buy rating for TUI AG, a global integrated tourism group based in Germany. TUI operates through three main segments: Hotels & Resorts, Cruises, and TUI Musement, across Northern, Central, and Western regions, along with various other operations. The Cruises segment includes TUI Cruises, which features brands like Mein Schiff and Hapag-Lloyd Cruises.
Raiffeisen Bank International (RBI) faces significant challenges as it attempts to withdraw from its Russian operations, hindered by a Russian court's injunction blocking the sale of its subsidiary. Despite severe restrictions on its Russian business, RBI remains one of the last Western banks operating in the region, drawing criticism and threats from the U.S. regarding its financial activities. The upcoming Annual General Meeting on March 26, 2025, may shed light on the impact of these Russian transactions.
Raiffeisen Bank International (RBI) shares have surged 44.88% over the past year, closing at €26.18, just 3.25% shy of its 52-week high. Despite legal challenges in Russia, the bank plans a €1.25 dividend per share for 2025, yielding approximately 4.77%. Technical indicators suggest a strong uptrend, with shares 64.86% above their mid-June low of €15.88, reflecting renewed investor confidence.
Shortly before Russia's invasion of Ukraine, Raiffeisen Bank International reportedly facilitated cash deliveries totaling over nine billion euros, with some arriving as Russian troops advanced. This financial support has drawn criticism for potentially aiding the Kremlin's military efforts, as the bank continues operations in Russia despite the ongoing conflict.
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Raiffeisen Bank faces legal hurdles in Russian market exit plans
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