MOSCOW, March 27 (RIA Novosti) - Russia's state savings bank said Monday it did not blame the National Bank of Ukraine for delaying a $100 million deal for NRB-Ukraine bank.
"The national regulator is not to blame for this," Sberbank Chairman Andrei Kazmin said. "We do not believe that anyone is trying to impede the deal."
Media reports had suggested that the National Bank of Ukraine was seeking to thwart Sberbank's acquisition of NRB-Ukraine.
"Everything is moving along well, while the delay has been caused by technical difficulties involved in processing an array of complex documents," Kazmin said.
Previously, a Sberbank spokesman said the acquisition of a 100% stake in NRB-Ukraine would be completed by the middle of the year.
