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Technical notes:
Only banks whose financial data are available for either financial year 2007 or 2008 or both were included in our ranking. Foreign subsidiaries of banking groups, as well as partially-owned or fully-owned bank holdings, were also included in our analysis. When 2007 financial year data were used, we denote banks with *. All figures (except percentages) are quoted in US$ and 2008 year-end exchange rates. All percentage changes are calculated using original currency values. Assets are the sum of cash and bank balances, marketable securities and other short-term investments, net loans and mortgages, long-term investments, fixed assets and other assets. Deposits are demand, saving, and time deposits received from non-bank customers. Loans are commercial, consumer and other loans lent out to non-bank customers (net of reserves). Net interest income: insurance-related interest was excluded from interest income and expense where it has been disclosed separately. Dividend income is included as interest income. Dividends on all preference shares as well as any other instrument classified as a hybrid security are classified as interest expense items. Non-interest operating income includes net gains/losses on trading and derivatives, net gains/losses on other securities, net gains/losses at fair value through the income statement, net insurance income, net fees and commissions and other operating income such as rental income, etc. Total operating income is the summation of net interest income and non-interest operating income. Operating expenses are staff expenses and other non-interest operating expenses. Operating profit = net interest income + total non-interest operating income - total non-interest expenses + equity-accounted profit/ loss (operating) + change in fair value of own debt - loan impairment charge - other credit impairment charges. Net profits are recorded after non-operating items, provisions and taxes and include minority interest. Operating return on assets is the ratio of operating profits over average assets. Return on assets and return on equity are net profit divided by average assets and total equity respectively. The Non interest income ratio is the ratio of non-interest operating income over total operating income. In the change in operating and net profit columns, P-L: profit to losses; L-P: loss to profit; L-L: losses to losses; n.a.: not available or not meaningful. Total Capital Adequacy Ratio is the risk weighted capital ratio. Risk capital is the summation of Tier 1 and Tier 2 capital less investment in subsidiaries, where Tier 2 capital includes cumulative preference shares, revaluation reserves, subordinate and other long term debts. Tier 1 Capital Ratio is the core capital ratio which includes common stock, disclosed reserves, retained earnings, and minority interest in equity or associates. All data in this table are collected and updated to the best of our knowledge. We provide this service with no warranty whatsoever as to the currency, accuracy, or applicability of the data for any purposes.
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