November 28, 2018 / 2:47 PM / 5 months ago

Russian bank VTB says has no plans to buy Alfa Bank - CEO

MOSCOW, Nov 28 (Reuters) - The CEO of Russia’s VTB Andrey Kostin said his bank had no plans to buy Russia’s top private lender Alfa Bank and did not have enough capital for such a large acquisition.

Talking at a financial forum in Moscow, Kostin also told reporters his bank wanted to sell a stake in Evrofinance Mosnarbank and was looking for potential buyers. (Reporting by Polina Nikolskaya, Polina Ivanova and Katya Golubkova Editing by Andrew Osborn)

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