MOSCOW (Reuters) - Russia's top lender Sberbank on Monday said Raiffeisen Bank has become the custodian bank for its depositary receipts programme in place of JPMorgan.
MOSCOW (Reuters) – Russia’s top lender Sberbank on Monday said Raiffeisen Bank has become the custodian bank for its depositary receipts programme in place of JPMorgan.
“Applications that investors have already submitted to JPMorgan as part of the compulsory conversion of Sberbank’s depositary receipts will be processed by Raiffeisen Bank in accordance with the law,” Sberbank said in a statement.
(Reporting by Alexander Marrow; Editing by Jan Harvey)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: