Latest news with #Strobl
Reuters
06-05-2025
- Business
- Reuters
Austria's RBI reports lower Q1 earnings on higher costs, risk overlays
VIENNA, May 6 (Reuters) - Raiffeisen Bank International's (RBI) ( opens new tab profit after tax fell 10.7% to 318 million euros ($360 million) in the first quarter, the Austrian lender said on Tuesday, citing higher provisions for loan defaults and higher administrative costs. The quarterly figure, which did not include its business in Russia and Belarus, came in above average analysts' expectations of 305 million euros. RBI is the biggest Western bank still operating in Russia. It is planning to sell its business there but has struggled to obtain regulatory clearance from Moscow. "We keep working on a sale of our Russian subsidiary and are talking to several interested parties. It remains to be seen whether geopolitical developments will facilitate the exit from Russia," RBI CEO Johann Strobl said. Strobl said the bank had managed to further strengthen its equity buffer, preparing it "for any scenario in Russia". The bank confirmed its full-year outlook. ($1 = 0.8839 euros)
Yahoo
26-03-2025
- Yahoo
German police raid Georgian criminal gang at sites across the country
German police raided a Georgian criminal gang engaged in theft and burglary, searching 18 premises across the country on Wednesday and arresting the suspected ringleader. Stuttgart prosecutors leading the investigation said the raids had taken place in the states of Baden-Württemberg, Bavaria and North Rhine Westphalia, starting in the early hours and focussing on truck stops which the gang had used to store stolen goods and money. Baden-Württemberg Interior Minister Thomas Strobl said 1,000 officers were involved in the raids which centred on the Stuttgart region. The suspects are reported to belong to Georgian-dominated group linked to criminals from the states of the former Soviet Union. Strobl said the group was involved in drugs and corruption and used violence up to homicide. "This concerns a serious threat that we are acting decisively against. Organized crime is a particular threat to the rule of law and our society," he said. Baden-Württemberg gave high priority to fighting organized crime, he said. "We will not let go and will act over the long term and with great emphasis against organized crime in all its forms," Strobl added.
Reuters
12-03-2025
- Business
- Reuters
Russian court to hear Raiffeisen appeal over 2 billion euro penalty on April 24
March 12 (Reuters) - Raiffeisen's appeal against a 2 billion euro ($2.18 billion) order to pay damages to Russian firm Rasperia over a collapsed business deal will be heard by a Russian court next month, court filings show. The January damages ruling underscored the perils of doing business in Russia for Raiffeisen Bank International ( opens new tab, the largest Western bank still operating there. The Kremlin warned that unfriendly actions against Russia must have consequences. The hearing is scheduled for April 24 at an arbitration appeals court in St Petersburg. RBI confirmed the court date. The case was centred on a claim by investment company Rasperia against builder Strabag, its Austrian shareholders and the Russian arm of Raiffeisen. Raiffeisen has around 6 billion euros in Russia, earned from international payments and on billions of euros in Russian deposits, a person with knowledge of the matter has told Reuters. Its dispute with Rasperia followed the failure of a deal that Raiffeisen hoped would allow it to unlock some of those frozen billions. Since the January ruling, Raiffeisen CEO Johann Strobl has said the bank is "very, very confident" it will win an Austrian case to claim Rasperia's roughly 1.2 billion euros ($1.24 billion) in assets in Austria if the Russian damages ruling is confirmed. RBI said its Russian unit had made a provision of 840 million euros related to the Russian court ruling. That sum reflects the amount of Russian damages minus what it could recover in Austria, Strobl said in February. ($1 = 0.9190 euros) Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
Saudi Gazette
04-03-2025
- Saudi Gazette
Two dead after car plows into crowd in Germany
BONN — Two people, an 83-year-old woman and a 54-year-old man, have been killed after a vehicle drove into a pedestrian area in the city of Mannheim, western Germany. Five people were seriously injured and another five suffered minor injuries in the incident, investigators said. Authorities arrested a lone suspect, a 40-year-old German man, who is not believed to be linked to extremism but shows "concrete indications of mental illness". The suspect, who prosecutors said was a landscape gardener, remains in hospital in a stable condition after shooting himself with a gun loaded with blanks. The incident occurred at around 12:15 local time (11:15 GMT), Mannheim police said. CCTV footage showed a black hatchback car speeding along Planken shopping street in Mannheim, heading from the scene showed police inspecting the car, a small black Ford, which had sustained heavy damage to its images show the car missing a hub cap on its front left wheel. In the CCTV footage, the front left hub cap also appears to be Strobl, interior minister of Baden-Württemberg, said the man used the vehicle "as a weapon"."This act is one of several crimes in the recent past in which a car was misused as a weapon," Mr Strobl said, but added that there is no evidence to suggest the incident is connected to the Easter carnival taking place in the are investigating two counts of murder and several of attempted murder, Mannheim chief public prosecutor Romeo Schluessler told mayor described the incident as "abhorrent and "inhumane"."Our thoughts are with the dead and injured, their families and friends," Mayor Christian Specht Scholz, Germany's outgoing chancellor, thanked the emergency services and wished "strength" for eyewitnesses in Mannheim to "process what they have experienced"."We mourn with the relatives of the victims of a senseless act of violence and fear for those injured," he said in a social media incident comes at a time of heightened security as outdoor carnivals linked to Easter celebrations are held across was a parade through the Mannheim city center on Sunday, with major events scheduled for Tuesday.A market has now been closed and a street carnival in the city center will not take place. Carnival events in the nearby suburbs of Feudenheim, Neckarau and Sandhofen have also been Two policemen in white hazmat suits inspect a black car with a broken windshield and heavily dented hoodReutersGermany has endured a number of violent attacks over the last year, which have left several people dead and hundreds months ago, also in Mannheim and only a few blocks away from where Monday's attack is believed to have taken place, an Afghan man stabbed several people, killing a in August, another knife attack left eight people injured and three dead in Solingen. The Syrian man who was charged with the crime was suspected of links with the Islamic State terrorist December a man rammed a car into a crowd at a Christmas market in Magdeburg, leaving six dead and 299 injured. A 50-year-old Saudi psychiatrist was January, a 28-year-old Afghan asylum seeker attacked a group of small children in a park in the Bavarian town of Aschaffenburg, killing a two-year-old child and a passer-by who tried to help the in February, a 24-year-old Afghan asylum seeker drove a car into a crowd, injuring more than two dozen people. A mother and child later died from their showing Mannheim, where a ring road encases the city center, and in the very center of that, a red tag shows where the car hit pedestrians. — BBC
Yahoo
03-03-2025
- Yahoo
Two dead after car drives into crowd in Germany
Two people have been killed after a vehicle drove into a pedestrian area in the city of Mannheim, western Germany. Five people were seriously injured and another five suffered minor injuries in the incident, investigators said. Authorities arrested a "lone" suspect, a 40-year-old German man who resided in the neighbouring state, who prosecutors say has "concrete indications of mental illness". Mannheim Police issued a request that people avoid the area, but said that there is no further danger to the public. The incident occurred at around 12:15 local time (11:15 GMT), Mannheim Police said. Images from the scene showed police investigating a car, a small black Ford, which had sustained heavy damage to its front. The state interior minister Thomas Strobl said the man, from the neighbouring state of Rhineland-Palatinate, used the vehicle "as a weapon". "This act is one of several crimes in the recent past in which a car was misused as a weapon," Mr Strobl said, but added that there is no evidence to suggest the incident is connected to the Easter carnival taking place in the city. Prosecutors said the suspect is in hospital with a self-inflicted gunshot wound, but is stable after medical treatment. He is being investigated for two counts of murder and several of attempted murder, Mannheim chief public prosecutor Romeo Schluessler told reporters. Mannheim's mayor described the incident as "abhorrent and "inhumane". "Our thoughts are with the dead and injured, their families and friends," Mayor Christian Specht said. Olaf Scholz, Germany's outgoing chancellor, thanked the emergency services and wished "strength" for eyewitnesses in Mannheim to "process what they have experienced". "We mourn with the relatives of the victims of a senseless act of violence and fear for those injured," he said in a social media post. The incident comes at a time of heightened security as outdoor carnivals linked to Easter celebrations are held across Germany. There was a parade through the Mannheim city centre on Sunday, with major events scheduled for Tuesday. A market has now been closed and a street carnival in the city centre will not take place. Carnival events in the nearby suburbs of Feudenheim, Neckarau and Sandhofen have also been cancelled. Germany has endured a number of violent attacks over the last year, which have left several people dead and hundreds injured. Nine months ago, also in Mannheim and only a few blocks away from where Monday's attack is believed to have taken place, an Afghan man stabbed several people, killing a policeman. Then, in August, another knife attack left eight people injured and three dead in Solingen. The Syrian man who was charged with the crime was suspected of links with the Islamic State terrorist group. In December a man rammed a car into a crowd at a Christmas market in Magdeburg, leaving six dead and 299 injured. A 50-year-old Saudi psychiatrist was arrested. In January, a 28-year-old Afghan asylum seeker attacked a group of small children in a park in the Bavarian town of Aschaffenburg, killing a two-year-old child and a passer-by who tried to help the boy. And in February, a 24-year-old Afghan asylum seeker drove a car into a crowd, injuring more than two dozen people. A mother and child later died from their injuries.
