Raiffeisen Bank International wins €3.15B award and expands crypto services

Raiffeisen Bank International Rasperia Trading cryptocurrency banking EU sanctions legal damages

Raiffeisen Bank International (RBI) has secured a legal victory in Vienna, where a regional court awarded the bank and its Russian subsidiary approximately 3.15 billion euros in damages from Rasperia Trading. The award, which includes seized funds in Russia, lost interest, and legal costs, aims to compensate for losses stemming from a failed 2023 transaction. RBI intends to use this ruling to access Rasperia's assets in Austria, specifically 28.5 million shares of Strabag, accumulated dividends since 2021, and a March 2024 cash distribution. These assets are currently frozen due to EU sanctions. Rasperia has four weeks to appeal the default judgment.

Separately, RBI is expanding its digital asset services through a strategic partnership with Bitpanda. Building on a successful 2024 pilot in Austria, the group-wide agreement will allow RBI's network of banks to offer cryptocurrency trading to approximately 18 million customers across 11 markets in Central and Eastern Europe. Bitpanda Enterprise will provide the necessary technical infrastructure, including custody and liquidity, while individual subsidiary banks will manage local implementation according to regional regulatory requirements. The first rollouts in markets such as Albania, the Czech Republic, and Slovakia are anticipated in the first half of 2027.

Entities

AO Raiffeisen · Bitpanda · Financial Market Authority · Michael Höllerer · Raiffeisen Bank International · Rasperia Trading · Strabag · Vienna Regional Court · Vienna Regional Court for Civil Matters

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] The targeted assets are currently frozen due to EU sanctions. www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 5 SOURCES] If the ruling becomes final, RBI will request the release of the assets from the Financial Market Authority (FMA). www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 5 SOURCES] The 3.15 billion euro award consists of seized funds in Russia, lost interest, and legal costs. www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 5 SOURCES] RBI intends to use the ruling to access Rasperia's assets located in Austria. www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 5 SOURCES] The Vienna Regional Court for Civil Matters awarded Raiffeisen Bank International (RBI) and its Russian subsidiary AO Raiffeisen approximately 3.15 billion euros in damages. www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 5 SOURCES] The targeted assets include 28.5 million shares of the construction company Strabag, dividends since the 2021 fiscal year, and a cash distribution from March 2024. www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 5 SOURCES] Rasperia Trading has four weeks to file an appeal against the default judgment. www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 5 SOURCES] In early 2025, a Russian court ordered RBI's Russian subsidiary to pay approximately 2.4 billion euros to Rasperia. www.finanzen.at · kurier.at · gazetaimpakt.com · www.yenivatan.at
[● 8 SOURCES] Raiffeisen Bank International is expanding its partnership with Bitpanda to offer cryptocurrency services to approximately 18 million customers across 11 Central and Eastern European markets. bittimes.net · kriptomagazin.hu · cronicadecantabria.com · cryptoast.fr · cryptobriefing.com · +3 more