One Sberbank ADR represents four ordinary shares. The ADRs trade on the over-the-counter (OTC) market under the symbol ‘SBRCY.’
Sberbank’s ordinary shares trade on MICEX under the symbol ‘SBER03’ and on RTS under the symbol ‘SBER.’
Sberbank CEO Herman Gref said as part of their plan to increase Sberbank’s international visibility and gain further access to the global capital markets, they decided to establish a sponsored ADR program.
"By selecting BNY Mellon we have partnered with an institution that will assist us in providing the support necessary to achieve these objectives," Gref said.
Established in 1841, Sberbank has 17 regional head offices and more than 18,880 retail outlets with approximately 241,000 employees.
Sberbank operates subsidiary banks in Kazakhstan, Ukraine and Belarus, and also has a representative office in Germany and a branch in India.
