AO Raiffeisenbank (Russia) to book EUR 339 million provisions in Q4/2025 related to Rasperia’s second Russian lawsuit

Today, the Arbitration Court of the Kaliningrad Region has rendered its verdict in the second lawsuit filed by the EU sanctioned entity MKAO Rasperia Trading Limited (“Rasperia”) against STRABAG SE (“STRABAG”), STRABAG’s Austrian core shareholders and AO Raiffeisenbank, Raiffeisen Bank International’s (“RBI”) wholly owned Russian banking subsidiary. The court decided that STRABAG and its Austrian core shareholders are liable to pay EUR 339 million to Rasperia and that the verdict can be enforced against AO Raiffeisenbank’s assets. AO Raiffeisenbank will appeal this verdict with suspensive effect.

The amount awarded to Rasperia reflects the alleged non-receipt by Rasperia of monetary compensation related to the reduction of STRABAG’s authorized capital in 2024, unpaid dividends from STRABAG for 2024 as well as interest accrued until the date of the verdict.

AO Raiffeisenbank will book a provision of EUR 339 million in Q4/2025, in accordance with IFRS. Today‘s verdict has no impact on the financial results of RBI Group excluding Russia, and no impact on the P/B zero CET1 ratio (15.7% at Q3/2025) which assumes a full loss of AO Raiffeisenbank’s equity.