It has been a challenging year for western European banks. Five years ago, banks from the region accounted for 58% of total Top 1000 assets and 46% of profits. This year they still account for 45% of assets but only a meagre 6.3% of profits. This is down from just under 25% of profits in the 2011 ranking, showing how the eurozone crisis has really bitten in the past 12 months.
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