Home / Euro debt crisis / Nationalised Bankia has now lost 99% of its stock exchange value since it was listed 22 months ago

Nationalised Bankia has now lost 99% of its stock exchange value since it was listed 22 months ago

Spain’s banking crisis wiped out billions of euros of family savings on Tuesday as small investors who bought shares in the nationalised Bankia were finally able to trade them – but at only a fifth of their original price.

The wipeout on Madrid’s stock exchange means that Bankia, which was created by the fusion of seven savings banks, has now lost 99% of its stock exchange value since it was listed 22 months ago.

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