A ranking of the world's most financially robust banks makes cheerful reading in Asia and Scandinavia, but is less pleasing for major economies such such as France, Germany and the UK.

Five of the world’s 10 strongest banks are in the Asia region and three of them are headquartered in Singapore, which will please the city-state at a time when jurisdictions continue to make financial resilience part of their appeal.

The rankings from Bloomberg show that the following banks are deemed the strongest; it is notable that only one US and one European bank are in the top 10, and not one bank from Switzerland:

1. Hang Seng (Hong Kong)
2. Norinchukin Bank (Japan)
3. Oversea-Chinese Banking (Singapore)
4. National Commercial Bank (Saudi Arabia)
5. Desjardins Group (Canada)
6. Capital One Financial (US)
7. Qatar National Bank (Qatar)
8. OP Financial Group (Finland)
9. DBS Group Holdings (Singapore)
10. United Overseas Bank (Singapore)

The next 10 rankings, in descending order, are:
11. BOC Hong Kong (Hong Kong)
12. SEB (Sweden)
13. Swedbank (Sweden)
14. Citigroup (US)
15. BB&T (US)
16. National Bank of Abu Dhabi (UAE)
-- UBS (Switzerland)
18. Canadian Imperial Bank of Commerce (Canada)
19. Svenska Handelsbanken (Sweden)
20. Credit Suisse Group (Switzerland)

The data also highlights the financial prowess of banks in the Nordic region, with a Finnish bank ranking eighth and Swedish banks such as SEB, Svenska and Swedbank scoring highly. The figures also demonstrate the notable absence of Dutch, German, French and UK banks from the top 20. Ironically, as Bloomberg noted in its analysis, the highest-scoring bank, Hang Seng, is majority-owned by UK/Hong Kong-listed HSBC, now in the throes of major restructuring.

The figures show that the largest US banks by assets, led by JP Morgan and Bank of America, didn't make the top 20 list; 

To identify the world's strongest banks, Bloomberg evaluated public and private banks with total assets of $100 billion or more as of 1 June 2015. The banks were evaluated in five categories. The ratio of a bank's tier one capital to its risk-weighted assets accounted for 40 per cent of each bank's overall score. The ratio of nonperforming assets to total assets got a weighting of 20 per cent, as did the ratio of reserves for loan losses to nonperforming assets. The ratio of deposits to funding accounted for 15 per cent of the score. The efficiency ratio, which compares costs with revenues, received a 5 per cent weighting.