KIEV, June 9 - BNY Mellon has forecast that the number of new programs on the issue of depositary receipts (DR) for shares of Ukrainian companies could reach from three to five in 2011, said Anthony F. Moro, managing director of Bank of New York Mellon Corp. (BNY Mellon).

"On the one hand, we can see that the number of companies launching new DR programs is falling every year, although it's unlikely to be linked to the reduction in the interest of investors to Ukraine. We expect that their number will grow by five companies every year, including this year," he said.