Banking market capitalisation falls by 30%

Global banking market capitalisation between Q4 of 2019 and Q2 of 2020 fell by 30.32 per cent, with its market dropping from $8.97 trillion to $6.25 trillion, according to a report by Buy Shares. The largest drop in market capitalisation occurred from Q4 of 2019 and Q1 of 2020, when COVID-19 began spreading worldwide.

The value during that time dropped by 91.3 per cent of $8.97 trillion to $5.78 trillion. The report also analyzed total shareholder return among Western European banks. Of these banks, Dutch-based ING GROEP had the highest return of 29.6 per cent, and HSBC Holdings had the worst returns at -16.7 per cent, according to the report. After the pandemic is over, traditional banks will need to review whether in-person banking is still profitable and whether they should shift to digital-only like fintechs, according to the report.




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