Raiffeisen Shares Slide Following Grizzly Research Accusations

Grizzly Research contends that the Austrian financial institution’s reliance on its Russian business remains dangerously high, suggesting that internal trade-sanction controls are failing. The report explicitly questions the veracity of assurances provided by the bank to its investors and international regulators, painting a picture of an organization deeply entrenched in prohibited markets despite contrary public messaging.

Raiffeisen representatives rejected these claims, labeling the document as a collection of misleading and factually incorrect statements. The bank maintains that its compliance systems are robust, citing multiple audits conducted both before and after the 2022 invasion of Ukraine. Executives insist the firm remains committed to its stated strategy of reducing exposure, despite the market turbulence triggered by the short-seller’s allegations.