OREANDA-NEWS. May 06, 2011. Sberbank of Russia has chosen The Bank of New York Mellon as Depositary Bank to launch depositary receipts program on its outstanding common shares, reported the press-centre of Sberbank.

Sberbank requested and considered proposals from four foreign depositary banks: The Bank of New York Mellon, Citi, Deutsche Bank and JP Morgan. Sberbank also engaged Capital Analytics and Debevoise & Plimpton LLP as independent consultants to perform a detailed analysis of proposals from the depositary banks.