This year's list of top-performing banks is in, and one thing's clear – Asia is definitely winning.
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The list comes from Bloomberg Markets Magazine, which ranked 97 banks around the world with at least $100 billion in assets.
Eight out of the 21 top banks are Asian, including the number one spot. Within regions, four out of the five top banks in North America are Canadian. Only one U.S. bank made the top 21.
The 2014 rankings saw some new names, since Bloomberg decided to throw private banks into the mix this year, two of which tied for second.
Rankings were determined by five criteria, in order of importance:
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1. Ratio of Tier 1 capital to risk-weighted assets 2. Ratio of nonperforming assets to total assets 3. Ratio of reserves for loan losses to nonperforming assets 4. Ratio of deposits to funding 5. Ratio of costs to revenues
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#20 Deutsche Bank (TIE)
Country: Germany
Overall score: 38.3
Change: N/A
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#20 China Construction Bank (TIE)
Country: China
Overall score: 38.3
Change: down from #12 last year
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#19 U.S. Bancorp
Country: United States
Overall score: 38.2
Change: N/A
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#18 Royal Bank of Canada
Country: Canada
Overall score: 37.2
Change: down from #4 last year
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#17 Malayan Banking
Country: Malaysia
Overall score: 36.8
Change: down from #13 last year
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#16 UniCredit Bank
Country: Germany
Overall score: 36.5
Change: N/A
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#15 Canadian Imperial Bank of Commerce
Country: Canada
Overall score: 35.2
Change: down from #3 last year
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#14 Swedbank
Country: Sweden
Overall score: 34.7
Change: N/A
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#13 United Overseas Bank
Country: Singapore
Overall score: 33.0
Change: Down from #6 last year
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#12 UBS
Country: Switzerland
Overall score: 32.7
Change: N/A
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#11 Svenska Handelsbanken
Country: Sweden
Overall score: 31.6
Change: No change
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#10 BOC Hong Kong Holdings
Country: Hong Kong
Overall score: 30.6
Change: N/A
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#9 Skandinaviska Enskilda Banken
Country: Finland
Overall score: 29.7
Change: Up from #16 last year
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#8 Pohjola Bank
Country: Finland
Overall score: 28.5
Change: N/A
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#7 DBS Group Holdings
Country: Singapore
Overall score: 28.4
Change: down from #5 last year
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#6 Bayerische Landesbank
Country: Germany
Overall score: 27.4
Change: N/A
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#5 Qatar National Bank
Country: Qatar
Overall score: 26.8
Change: down from #1 last year
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#4 Oversea-Chinese Banking
Country: Singapore
Overall score: 22.2
Change: down from #2 last year
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#2 Norinchukin Bank (TIE)
Country: Japan
Overall Score: 22.1
Change: N/A
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#2 Desjardins Group (TIE)
Country: Canada
Overall score: 22.1
Change: N/A
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#1 Hang Seng Bank
Country: Hong Kong
Overall score: 20.8
Change: Up from #10 last year
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