Latin 100 Methodology
This ranking of Latin American and Caribbean banks was compiled by Moody's Investors Service from commercial banks' annual reports and financial statements.
Where possible, figures are presented in consolidated form. Banks owned by other financial institutions are not listed separately. Subsidiaries and branches are not shown either.
Shareholder equity: the sum of issued common stock, capital surplus/premium, statutory reserve, legal reserve, revaluation reserve, contingency reserves, retained earnings, net profit for the year and minority interest. Where consolidated data are used, shareholder equity includes group equity attributable to minorities.
Total assets: as reported in financial statements.
Net income: as reported in financial statements before appropriation.
Return on equity, period-end: net income divided by equity at fiscal year-end.
Return on assets, period end: net income divided by total assets at fiscal year-end
Loans-deposits: net loans to customers as a percentage of customer deposits, at period end.
Tier-1 ratio: as reported in financial statements
Moody's ratings: Ratings on August 13 2004 on long-term deposits, short-term deposits, and financial strength respectively. Where there is no deposit rating on the group, the rating refers to the major bank within the group.balance