24.04.2025 - RBI: Russian appeal court confirms first-instance verdict in Rasperia case – AO Raiffeisenbank required to pay EUR 2.044 billion plus interest to Rasperia

• No additional P&L impact expected on RBI Group from today’s verdict
• RBI Group is finalizing legal claim against Rasperia in Austria

Vienna, 24 April 2025. Raiffeisen Bank International AG (RBI) announces that the Russian appeal court has confirmed the first-instance verdict in the legal proceedings initiated by Rasperia Trading Limited (“Rasperia”) against STRABAG SE, its Austrian core shareholders, and RBI’s wholly owned Russian subsidiary, AO Raiffeisenbank.

As a consequence of this verdict, AO Raiffeisenbank is required to pay the damages awarded by the Russian court (EUR 2.044 billion plus interest). RBI Group expects no additional P&L impact as a result of today’s verdict, beyond the EUR 840 million provision already booked in Q4/2024 and which reflected the damages awarded to Rasperia minus the expected proceeds from enforcement of legal recourse against Rasperia’s assets in Austria.

AO Raiffeisenbank will appeal this verdict in the next instance in Russia. Furthermore, RBI Group is finalizing its claim against Rasperia in Austria, which is expected to be filed in Q2/2025.

The transfer ban on AO Raiffeisenbank shares, which was imposed as a measure to secure payment, is expected to be lifted upon the disbursement of the damages.