on Raiffeisen International Bank-Holding AG (ETR:RAW)
Raiffeisen Bank Adjusts Financial Forecast Following Legal Reassessment
Raiffeisen Bank International AG (RBI) has announced the derecognition of EUR 1.2 billion in expected proceeds from the enforcement of a legal claim against Rasperia Trading Limited in Austria. This decision stems from an updated risk assessment by RBI’s Management Board.
The Board continues to hold confidence in its legal position, asserting the enforceability of its claims. Notably, this adjustment will not affect RBI Group's results outside Russia.
This reevaluation reflects RBI's compliance with International Financial Reporting Standards, acknowledging potential delays in legal proceedings due to Rasperia's application for an anti-suit injunction. Consequently, rigorous criteria for recognizing the anticipated proceeds are unmet.
R. H.
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