Three Chinese banks are among the top 10 in the Top 500 Banking Brands ranking, revealed in the latest The Banker magazine.

Compared with the 2013 figures, the brand values in the 2014 Top 500 banking list have increased 14 percent, showing the further recovery of the global economy.

According to the list, some European and U.S. banks performed strongly. Four U.S. banking brands performed strongly and took four spots in the top five with brand values accounting for 13 percent or more of their market capitalizations. On the other hand, emerging markets saw obvious declines, and some suffered badly.

The annual list is compiled by the magazine and Brand Finance, a famous brand valuation consultancy in the United Kingdom. They valuate banks mainly on four aspects: brand value, brand rating, market cap and brand value/market cap (%).

The following are the Top 10 banking brands in China in 2014:

   Shanghai Pudong Development Bank

Shanghai Pudong Development Bank [nipic.com]

Rank in 2014: 75

Rank in 2013: 76

Brand value 2014 (US$m): 2664

Brand rating 2014: AA

Market cap 2014 (US$m): 28,774

Brand value/market cap (%): 9%

Brand value 2013 (US$m): 2395

Brand rating 2013: A+