DGAP-News: Sberbank of Russia selected a Depositary Bank

EquityStory.RS, LLC-News: Sberbank / Key word(s):
Miscellaneous/Miscellaneous
Sberbank of Russia selected a Depositary Bank

28.04.2011 / 18:47

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Sberbank of Russia selected a Depositary Bank for
Depositary Receipts Launch

28 April 2011, Moscow – Sberbank of Russia has chosen The Bank of New York
Mellon as Depositary Bank to launch depositary receipts program on its
outstanding common shares.

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.

# # #

Sberbank of Russia is the largest Bank in Russia, Central and Eastern
Europe, with approximately 30% of the total assets of the Russian banking
system. The Central Bank of the Russian Federation is the founder and the
majority shareholder of Sberbank (over 60%
of the voting shares), with the rest of the shares dispersed among more
than 260,000 individuals and legal entities. The Bank has the most
widespread branch network in Russia: 17 Regional Head Offices, over 20,000
branches and banking outlets, as well as subsidiaries in Kazakhstan,
Ukraine and Belarus.
Sberbank holds the General License No. 1481, issued by the Central Bank of
the Russian Federation.
Official website of the bank – www.sberbank.ru

End of Corporate News

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Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russland
Phone: +7-495-957-57-21
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
Listed: Foreign Exchange(s) MICEX, RTS

End of News EquityStory.RS, LLC News-Service
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122008 28.04.2011