Bankia dare to go public on July 13. Not afraid of the markets volatility or the risk premium hovering around 260 points. The launching of the IPO of the bank sounds normal and try to low concerns about the lack of strength in our financial system.
We should not forget that Bankia is the most relevant "caja turn into bank" in terms of their asset volume and will set a trend for other similar entities.
In this show off of real confidence NCG Galician Bank has played also a big role after adding well known businessman, Jose Maria Castilla to it´s shareholders.
Both operations are trying to transmit a positive message and would try to clear the air about the endless process of restructuring the Spanish savings banks.
