The large Spanish bank has closed 2018 as one of its worst years on the stock market, since it has lost something more 48,200 million euros of capitalization, representing a cut of 26.4% compared to the one that had at the end of 2017.
The six large banks listed on the main Spanish selective index, the IBEX 35 – Santander, BBVA, CaixaBank, Bankia, Sabadell and Bankinter – have recorded joint capitalization losses that far exceed the fall of the indicator in 2018, year in which has left 14.97%, its worst record since 2010.
However, this percentage is similar to that of other European markets, since Frankfurt has also yielded 18.26% in the year; Milan, 16.15%; London, 12.48%; and Paris, 10.95%.
The US trade war and China, the low interest rates, the global economic slowdown, the political and economic situation in Italy, and the "brexit" have marked the evolution of the market in 2018.
In addition to these factors, Spanish banks have been hampered by the doubts that continue to generate some European entities such as Deutsche Bank, or the crises that have been experienced in some countries where they are present as Mexico, Brazil, Turkey or Argentina.
At the domestic level, the bank tax that was shuffled by the government, or the Supreme Court's changes of opinion about whether the bank or the client was the one who had to pay the mortgage tax, have also damaged the sector's price.
At the close of 2018, Banco Sabadell was the financial institution of the IBEX 35 that lost the most, as its stock market price has fallen by 36.50% and its stock price is around the euro.
The bank, whose capitalization closed the year at 5,629 million euros, compared to the 9,318 million that added to the close of the last session of 2017, has been heavily penalized on the stock exchange due to its exposure to the United Kingdom and the crisis of " brexit. "
Neither have helped the decline in profits due to the strong provisions that have had to provide nor the crisis of its British subsidiary TSB.
The second entity that has been hit the hardest on the stock market this year has been Bankia, whose share closed 2018 to 2.5 euros.
The nationalized entity has left the year 33.82%, but has raised its market capitalization to 7,897 million euros, compared to 6,887 million at the end of 2017.
However, the low price of the Bankia share has led the Government to extend for another two years, until December 2021, the deadline for the State to privatize the entity, whose capital controls 61.4% through the FROB.
Another entity that has suffered heavy losses has been the BBVA, which has been left in 2018 at 31.99%, with its share at 4.63 euros.
The bank's market capitalization stood at 30,908.9 million euros, compared to 47,422 million at the end of 2017, in a year in which it was affected by the crisis in Turkey, where it operates with the Garanti bank.
Likewise, the IMF's bailout of Argentina has penalized the entity this year, which has also accused the possibility that Mexico – its main market – was considering the possibility of cutting bank fees.
In the same way, Banco Santander has also been dragged by the crisis of emerging markets, the "brexit", or the depreciation of the Brazilian real, one of its main markets.
The Spanish financial institution has accumulated annual losses of 24.31% and its capitalization has been reduced to 64.506 million euros, compared to 88.409 million at the end of 2017.
Of the rest of the entities listed on the IBEX 35, CaixaBank has also fallen by 15.32% in the year, and its market capitalization stood at 18,925 million, compared to 23,261 million in 2017.
Bankinter closes the list with a drop of 7.93% in its quotation -the least-penalized bank of the IBEX 35-, but it has lost some 800 million capitalization, since a year ago it reached 7,104 million euros, and at the close of 2018 has been reduced to 6,308 million.