EQS-Ad-hoc: Raiffeisen Bank International AG / Key word(s):
Miscellaneous/Miscellaneous
Raiffeisen Bank International AG: Russian AO Raiffeisenbank derecognizes
EUR 1.2 billion of expected proceeds from enforcement of legal recourse
against Rasperia in Austria
24-Jul-2025 / 18:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
Russian AO Raiffeisenbank derecognizes EUR 1.2 billion of expected
proceeds from enforcement of legal recourse against Rasperia in Austria
• Adjusted risk assessment by RBI’s Management Board leads to
derecognition of the expected proceeds from RBI’s claim against
Rasperia
• RBI’s Management Board maintains a high degree of confidence in the
strength of its legal claim in Austria against Rasperia
• No impact on the RBI Group excluding Russia
Vienna, 24 July 2025. The Management Board of Raiffeisen Bank
International AG (RBI) has today decided to derecognize the expected
proceeds from the enforcement of RBI’s claims against the Austrian assets
of Rasperia Trading Limited (“Rasperia”) in the amount of EUR 1.2 billion
in the second quarter of 2025.
In its consolidated financial statements of 2024, RBI reflected the amount
awarded to Rasperia by a Russian court (EUR 2.044 billion) minus the
expected proceeds from enforcement of legal recourse against Rasperia’s
assets in Austria resulting in a provision of EUR 840 million.
Today's decision takes into account the inclusion of RBI in Rasperia’s
application for an anti-suit injunction, the chances of averting this and
the resulting delay in the filing of RBI’s claim against Rasperia in
Austria. Therefore, the Management Board concluded that the strict
criteria under International Financial Reporting Standards for recognition
of the expected proceeds from enforcement of legal recourse against
Rasperia are no longer met.
Despite the changed accounting treatment, the legal assessment remains
unchanged, and RBI’s Management Board maintains a high degree of
confidence in its legal claim against Rasperia and the enforceability
thereof against Rasperia’s assets in Austria.
The derecognition of the expected proceeds will have no impact on the
half-year results for 2025 and the capital ratio of the adjusted RBI Group
excluding Russia.
For further information please contact:
John P. Carlson, CFA
Head of Group Investor & Media Relations
Raiffeisen Bank International AG
Am Stadtpark 9
1030 Vienna, Austria
ir@rbinternational.com
phone +43 1 71 707 2089
(1)www.rbinternational.com
End of Inside Information
══════════════════════════════════════════════════════════════════════════
24-Jul-2025 CET/CEST News transmitted by EQS Group. www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: Raiffeisen Bank International AG
Am Stadtpark 9
A-1030 Vienna
Austria
Phone: +43-1-71707-2089
Fax: +43-1-71707-2138
E-mail: ir@rbinternational.com
Internet: https://www.rbinternational.com/en/raiffeisen.html
ISIN: AT0000606306
WKN: A0D9SU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange;
Luxembourg Stock Exchange, SIX, Vienna Stock Exchange
(Official Market)
EQS News ID: 2174486
End of Announcement EQS News Service
2174486 24-Jul-2025 CET/CEST
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2174486&application_name=news&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=24cf7753bad7222932da6e751ef1854f&application_id=2174486&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
OTS original text press release with the exclusive in terms of content of the sender – www.ots.at |