Shares of Raiffeisen Bank were down 7% following the publication of a short-seller report examining the Austrian bank’s business operations in Russia. The report raised concerns about the bank’s exposure to the Russian market, prompting investor sell-off. Raiffeisen, one of Austria’s largest banks, has maintained a presence in Russia despite Western sanctions and pressure on foreign firms to exit.

The short-seller analysis highlighted ongoing financial ties that could pose reputational and regulatory risks. The stock decline reflects market sensitivity to geopolitical exposure, particularly in sectors tied to Russia. No official comment from Raiffeisen was included in the report.

The drop underscores ongoing investor caution regarding banks with lingering Russian operations.