Over 1 billion fewer deposits in one week. This, according to the Iberian newspaper El Mundo, the value of the customers' fear of fourth Spanish bank Bankia which includes a large part of the country's non-performing mortgages and over 10% of the deposits of all citizens of the country. There nationalization happened last week instead of inspiring confidence it triggered a run on the banks. The journalistic sources reveal that they had access to the data discussed in the board meeting of the bank held yesterday.
Bankia stock lost more than 10% on the Madrid Stock Exchange after closing Wednesday's session with a red of 11,2%. Since its debut on the Stock Exchange (July 2011), the total loss of Bankia's capitalization is 60,29%.
