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Share price falls take toll on European bank market cap

Thescale of the market turmoil that battered shares in the first quarter is laidbare in SNL Financial's latest ranking of Europe's top 20 lenders by marketcapitalization.

remains atopthe ranking, but with its shares down nearly 19% in the first quarter, itsmarket capitalization expressed in terms of euros is no longer more than doublethat of runner-up Lloyds BankingGroup Plc.

dropped to 20thby market capitalization from 14th three months earlier, having seen its shares fall byone-third during the first quarter. PAOSberbank of Russia rose five spots to 12th, while returned to thetop 20 by rising 11 places from 26th.

, and dropped out of thetop 20 during the quarter.

SNL Financial is an offeringof S&P Global Market Intelligence.