French, Italian banks’ stocks lead price loss since 2007 with 70pc drop

The aggregate of the main European banking institutions has lost almost half a billion of euros in market value, from €670 billion to just over €200 billion during the last five years. The average drop has been 65 percent. But Italian and French banks have led the fall with a 70 percent of their stock price wiped out in the aftermath of the credit crunch.

As readers are well aware, Spanish banks have not escaped the trend. Their market price is nowadays some €100 billion less than in 2007, that is, €80 billion. Here’s the graph with price/book value of main banks in Italy, Spain, Germany, and France in 2007 and 2012.

About the Author

Victor Jimenez
London contributor at thecorner.eu, reporting about the City and the Eurozone economies. He regularly writes for Spanish newspaper group Prensa Ibérica--some of his features include shared work with journalists of The Daily Telegraph and the BBC.

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