Finance
Austria's RBI swings to loss after write-off for Russia legal dispute
Published by Global Banking and Finance Review
Posted on July 30, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 30, 2025
2 min readLast updated: January 22, 2026
RBI reports a €557 million Q2 loss after a €1.2 billion write-off due to a legal dispute in Russia, with profits outside Russia rising.
VIENNA (Reuters) -Austria's Raiffeisen Bank International (RBI) swung to a loss in the second quarter after a 1.2 billion euro ($1.4 billion) write-off over a legal dispute in Russia, figures released on Wednesday showed.
The bank's consolidated loss was 557 million euros in the quarter, compared with a profit of 661 million euros a year earlier.
RBI, the most important Western Bank in Russia, last week said it would "derecognize" 1.2 billion euros in expected proceeds from enforcing claims against Rasperia Trading Limited's Austrian assets.
In June, a Russian court had rejected RBI's bid to lift an injunction banning the sale of its local subsidiary.
The ban is tied to a lawsuit brought by Rasperia, a Russian investment firm, after a collapsed deal in which RBI was ordered last year to pay 2 billion euros in damages.
Excluding Russia, the bank posted a profit of 307 million euros, up from 237 million euros in the year-earlier period.
RBI, which came under intense pressure from the United States as well as European regulators to pare its ties to Russia, continued to reduce its loan portfolio in Russia in the first half of the year and is ahead of the schedule agreed with the ECB, the figures showed.
Deposit volumes also declined further.
($1 = 0.8659 euros)
(Reporting by Alexandra Schwarz-Goerlich and Tom Sims, editing by Kirsti Knolle and Miranda Murray)
Raiffeisen Bank International reported a consolidated loss of 557 million euros in the second quarter, compared to a profit of 661 million euros a year earlier.
The bank incurred a 1.2 billion euro write-off due to a legal dispute in Russia involving Rasperia Trading Limited's assets.
Excluding Russia, RBI posted a profit of 307 million euros, an increase from 237 million euros in the same period the previous year.
RBI has come under intense pressure from the United States and European regulators to reduce its ties to Russia and has been actively decreasing its loan portfolio there.
A Russian court rejected RBI's bid to lift an injunction that banned the sale of its local subsidiary, complicating the bank's situation further.
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