Wednesday, May 9, 2012, the advertisement of the nationalization of Bankia was emitted by the government. The following day, Thursday, May 10, 2012, the fourth bank with dimensions of Spain continued its decline with Madrid Stock Exchange. Indeed, this company through the supervision of the State wants to try to cleanse its risky real credits.
This loss with the purse is evaluated with more than 3% is a value of the titles of a little more than 2 euros. However, the market is to him in rise of a little less than 1%. Before the official announcement of its nationalization, the loss with the purse undergone by the bank was of 2,13 euros is a little less than 6%.
Concerning the other Spanish banks as the Santander number one observed a rise of a little less than 1%. Bank BBVA it also carried out a light rise of 0,38%.
The system set up by the government is to change the debts of the BFA towards the State into participation. Bankia is in Spain the first banks most exposed with the real sector.
The advertisement of the supervision of the State is regarded by the experts analysts of the company of Renta4 broking as an good initiative. Indeed, according to them that would decrease the number of risky real credits of this bank which inserts it more and more.
The financial agency of Standard notation & Poor' S as for it is not of the same opinion and envisages a lowering of the note of Bankia in the next days. The agency affirmed that it doubts financial capacity of Bankia and BFA with the future direction of these last. Concerns on the field of the bank in Spain were expressed by the Standard & Poor' S.
Indeed, the investors are increasingly reticent concerning the banks in Spain because in particular of the dubious credits that those cumulated during the real estate bubble. It will be the government which will be in responsibility of reassure the investors with new measurements and precautions. The first provision of the government is to dissociate the credits risked with the assessment of the banks, but the State will also force to them to make reserves by precaution.