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Correction

? The August 2003 edition of Euromoney contained a table ranking banks in Emerging markets by shareholders equity ('A world of difference', p.78-81).

The figures given for OCBC and United Overseas Bank were the wrong way round. United Overseas Bank should have ranked seventh by shareholders equity, OCBC ranked ninth.

The correct ranking and full figures for both banks are shown below.

Top 250 emerging market banks by shareholder equity

Rank Bank Country Fiscal Moody's Shareholder Total Net RoE, RoA, Loans Tier 1
03 02 period rating equity ($mn) assets income period period as % of capital
(18 Jul 03) 2002 ($mn) ($mn) 2002 end (%) end (%) deposits ratio (%)
7 7 United Overseas Singapore 2002 Aa2/P-1/B+ 7,295 61,959 614 8.4

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