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Tag: Johann Strobl

Investor Briefing: Russian Court Judgment in STRABAG Case Heavily Impacting the Austrian RBI!

A recent €2 billion judgment by a Russian court against the shareholders of Austrian construction giant STRABAG, including Raiffeisen Bank International (RBI), has sent shockwaves through financial markets. The ruling, which implicates RBI's Russian subsidiary in a contentious legal dispute with Rasperia, raises significant concerns about the bank's exposure to Russian liabilities amidst ongoing Western sanctions.

Western Sanctions? Raiffeisen Bank’s Russian Expansion Raises Eyebrows Amid Pledge to Exit!

In a questionable development exposed by the Financial Times, Raiffeisen Bank International (RBI), Austria's prominent lender, has been actively posting job advertisements for positions in Russia, signaling plans for expansion despite its previous commitments to exit the Russian market following the full-scale invasion of Ukraine in February 2022. This move has stirred significant scrutiny and led to an internal probe ordered by CEO Johann Strobl.