Share price falls take toll on European bank market cap

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The scale of the market turmoil that battered shares in the first quarter is laid bare in SNL Financial's latest ranking of Europe's top 20 lenders by market capitalization.

HSBC Holdings Plc remains atop the ranking, but with its shares down nearly 19% in the first quarter, its market capitalization expressed in terms of euros is no longer more than double that of runner-up Lloyds Banking Group Plc.

Deutsche Bank AG dropped to 20th by market capitalization from 14th three months earlier, having seen its shares fall by one-third during the first quarter. PAO Sberbank of Russia rose five spots to 12th, while Allied Irish Banks Plc returned to the top 20 by rising 11 places from 26th.

KBC Group NV, Standard Chartered Plc and UniCredit SpA dropped out of the top 20 during the quarter.

Chart Watch Top 20 Euopean Banks

S&P Global Market Intelligence: Share price falls take toll on European bank market cap

Source: S&P Global Market Intelligence

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