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Russia

In the June 2001 edition of Euromoney the Bank Atlas table of the world's biggest 250 banks incorrectly indicated that fifth ranked Sumitomo Mitsui Banking Corporation (SMBC) was a subsidiary of the holding company of the Mizuho Financial group. We are happy to point out that SMBC is in no way affiliated to the Mizuho Financial Group.


In the same edition of Euromoney Bank Atlas Alfa Bank was omitted by error from the listing of the largest banks in Russia. Below is the corrected table:


Largest banks by country
Rank Bank Fiscal period Shareholder equity ($m) Equity growth (%) Total assets ($mn) Asset growth (%) Net income ($mn) Income growth (%) RoE, period end (%) Moody's ratings (15-6-01)
Russia
1 Vneshtorgbank 2000 1,599 137.2 4,414 56.5 139 -54 8.69 B3/NP/E
2 Gazprom Bank 2000 647 63.5 2,937 22.3 25 -1.6 3.87 B3/NP/E
3 Rosbank 2000 220 66.6 1,321 -27.6 3 -97.9 4.87 --/--/--
4 Alfa Bank 2000 125 -46.6 1,882 40.8 77 54.5 62.6 Caa3/NP/E
5 Vnesheconombank 2000 119 9.2 2,599 2 10 -60 8.4


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