OREANDA-NEWS. June 28, 2011. Sberbank of Russia announces that the United States Securities and Exchange Commission (SEC) has declared effective a registration  statement with respect to a Level 1 ADR program as of June 27, 2011. Each ADR in the program represents 4 (four) ordinary shares of Sberbank of Russia. DR ISIN: US80585Y3080.

The Bank of New York Mellon (BNY Mellon) will be acting as the depositary bank and Sberbank of Russia will serve as the custodian bank for the ADR program. 

The maximum number of shares of Sberbank of Russia that can be traded abroad as part of the ADR program is up to 25% of Sberbank’s outstanding common shares.