And the world's strongest bank is......

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Here's Bloomberg Markets magazine's annual ranking of the world's strongest banks.

Bloomberg's Alfred Liu and Elena Logutenkova write: 'Europe tied Asia with six lenders in the top 20—thanks primarily to Nordic banks. Sweden’s regulator has been raising capital requirements for the biggest banks since 2011.

'Swedbank and two other Swedish banks posted the highest capital ratios in our ranking. 'Nordic banks are as safe as they could be,' says Wilhelm Heinrichs, a fund manager at Allianz Global Investors in Frankfurt'.

To identify the world's strongest banks, Bloomberg evaluated public and private banks with total assets of $100 billion or more as of June 1.

The banks were evaluated in five categories. The ratio of a bank’s Tier 1 capital to its risk-weighted assets accounted for 40 percent of each bank’s overall score. The ratio of nonperforming assets to total assets got a weighting of 20 percent, as did the ratio of reserves for loan losses to nonperforming assets. The ratio of deposits to funding accounted for 15 percent of the score. And the efficiency ratio, which compares costs with revenues, received a 5 percent weighting.

Here's the list:

Bloomberg Worlds Strongest Banks

Find the full rankings online now:

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