In the last issue of FinanceAsia magazine August we printed a list of Asia's top 200 banks by assets and also of the most profitable banks. We did this in conjunction with rating agency, Fitch, whose database produced the lists. Unfortunately due to some database errors that Fitch experienced, the lists contained some inaccuracies.
Data for DBS was based on the wrong year and should have stated that at end of 2002, the Singapore bank's total assets were $86,020 million, its equity $8,904 million and its net income $662 million. This places DBS top of the Singapore ranking by assets, and 27th in the overall ranking of the top 200 banks....
