Group 1 - The Spanish stock market is expected to achieve its best performance since the early 1990s, with a projected increase in earnings outlook leading to further gains [1] - The IBEX 35 index has risen by 50% year-to-date, marking the largest annual increase in 32 years and making it the best-performing major market in Europe [1] - Spanish corporate earnings growth expectations have been revised upward by over 15%, surpassing other regions in Europe [1] Group 2 - Bank stocks have contributed significantly to the gains, with six out of the ten best-performing companies being financial institutions, including Banco Santander, Unicaja Banco, and BBVA, all of which have seen their stock prices more than double over the past year [3] - The demand for defense companies has also boosted the IBEX index, particularly Indra Sistemas, which has seen its stock price soar by 185% due to increased military spending amid the ongoing Russia-Ukraine conflict [3] Group 3 - The recent surge has led to a higher valuation for the Spanish stock market, with the benchmark index's price-to-earnings ratio at approximately 14 times, above its long-term average [6] - Despite the higher valuation, the IBEX index still trades at nearly an 8% discount compared to the broader European Stoxx 600 index [6] - Strong demand for credit from businesses and households indicates that the IBEX index may have further upside potential through 2026, supported by favorable fundamentals [6]

智通财经APP获悉，西班牙毕尔巴鄂银行(BBVA SA，BBVA.US)表示，将进行其有史以来规模最大的股 票回购，以此为其对西班牙萨瓦德尔银行(Banco Sabadell SA)失败的收购要约画上句号。 该行周五发布声明称，已获得欧洲中央银行授权，将执行一项总额最高达39.6亿欧元(46亿美元)的股票 回购计划。该计划将分阶段实施，持续约12个月。声明证实了早前一篇报道。第一批价值15亿欧元的回 购将于周一启动。 分析师此前一直预期BBVA会宣布大规模回购计划，预估总规模可能高达60亿欧元。 BBVA对萨瓦德尔银行价值190亿美元的收购要约于去年10月失败，当时这项交易遭到了这家规模较小 的竞争对手绝大多数股东的否决。尽管消息公布后，随着投资者对持续数月的不确定性终结表示欢迎， BBVA股价出现上涨，但这对于首席执行官奥努尔·根奇和董事长卡洛斯·托雷斯而言是一次重大挫折， 他们为此交易已努力了一年半时间。 BBVA当时表示，将转而进行一项"重大"的股票回购。本周早些时候报道称，该行一直在寻找顾问来启 动第一批约20亿欧元的回购，后续可能还有更多。 根奇在周五表示，BBVA"现在是一个非常具有吸引力的故事， ...

Group 1 - The company will initiate stock repurchases amounting to $1.76 billion starting on Monday [1] - The completion of the stock repurchase program is expected no later than April 7 [1]

Core Viewpoint - BBVA has announced a share buyback program amounting to 3.96 billion euros ($4.64 billion), marking the largest buyback in the bank's history [1] Company Summary - The share buyback reflects BBVA's strong financial position and commitment to returning value to shareholders [1] - This buyback program is significant in size, indicating the bank's confidence in its future performance and capital management strategy [1]

李蕾谈到，当今世界，数字技术正以前所未有的速度重新定义金融的边界，在中国，一场以服务实体经 济为根本、以风险防控为基石、以制度创新为引领的深刻变革正在系统推进。 在金融科技治理、数据要素流通、人工智能规范化应用、以及数字人民币探索等领域，中国不仅走在全 球前列，更为智能金融的发展奠定了坚实的制度基础。同时，在"双碳"战略的引领下，具有中国特色、 面向世界的绿色金融体系也日臻完善。 专题：第二十二届中国国际金融论坛 2月19日-20日，"第二十二届中国国际金融论坛"在上海举行，主题为：数字经济时代的智能金融生态构 建。西班牙对外银行（BBVA）中国区总裁李蕾出席并演讲。 她介绍到，西班牙对外银行作为一家拥有160多年历史、深耕亚洲欧洲拉美等多国市场的国际银行集 团，始终致力于成为连接国际资源与本地需求的协作伙伴。在绿色金融方面，自2018年以来，已累计投 放超过3000亿欧元用于可持续融资，并承诺在2025—2029年期间再投放7000亿欧元支持绿色与社会可持 续项目。 "我们愿以全球经验与本地洞察，助力中国金融的高质量发展。"她说。 李蕾指出，数字经济的浪潮奔涌向前，构建安全、智能、可持续的金融生态，是我们共 ...

Core Insights - Olea Global Pte Ltd has successfully completed a $30 million Series A funding round, led by BBVA with participation from XDC Network, theDOCK, and SC Ventures [1][2][3] Funding and Investment Focus - The capital raised will be directed towards innovation in AI-driven analytics, Web3 readiness, and high-growth solutions like embedded finance, aligning with evolving client needs [2] - This funding follows a previous facility announced in November 2024, arranged by HSBC & Manulife | CQS Investment Management [2] Strategic Partnerships and Expansion - BBVA's role as a lead investor will accelerate Olea's expansion into new markets across Europe, the US, Latin America, and Asia, focusing on digital supply chain solutions and risk analytics [3] - Olea aims to strengthen its capabilities in tokenized and stablecoin-enabled trade flows through its partnership with XDC Network [4] - Collaboration with theDOCK will open new commercial pathways and ecosystem partnerships for Olea [4] Company Vision and Achievements - Olea has established a platform supported by risk management and holds a Capital Market Services license from the Monetary Authority of Singapore, facilitating over $3 billion in financing to suppliers and buyers since its launch in 2022 [4] - The company connects global liquidity with trade and supply chain opportunities, emphasizing its role in economic development, particularly in emerging markets within Asia [4] - Olea currently supports suppliers and buyers in over 70 trade corridors, showcasing its extensive origination network [4]

Core Insights - Spanish lender Banco Bilbao Vizcaya Argentaria (BBVA) has formed a strategic partnership with US-based OpenAI to enhance AI applications in the banking sector [1][2] - The collaboration aims to develop AI-driven solutions for customer service, internal operations, and employee productivity, following two years of prior collaboration [1][2] Partnership Objectives - OpenAI will support BBVA's AI strategy to improve customer experiences and optimize operations, providing access to the latest AI models and expertise [2] - The partnership will focus on creating an intelligent conversational assistant to assist customers with daily financial activities [3] Development Plans - BBVA and OpenAI plan to set a new standard for customer engagement and develop tools for relationship managers to provide personalized support [4] - They will also create systems to streamline risk analysis and transform operational processes, including a digital "alter ego" to assist employees [4] Implementation and Impact - BBVA will extend the use of ChatGPT Enterprise to over 120,000 employees, with initial phases showing 80% daily usage and an average weekly time saving of three hours [5] - The bank has already demonstrated a ChatGPT-integrated app in Italy and Germany, aiming to establish a new industry benchmark for AI-driven transformation in financial services [6]

Core Insights - The 10th Annual Private Banking Awards Switzerland highlighted the innovation within the private banking industry, showcasing a strong standard of entries this year [1] Winners Summary - Digital Solution of the Year awarded to BBVA [2] - Family Office/ Boutique Bank of the Year awarded to Banque Cramer [2] - UHNW Offering of the Year awarded to Henley and Partners Switzerland AG [2] - Wealth Management Technology Platform of the Year awarded to Prometeia [2] - Wealth Management Technology Provider in Switzerland of the Year awarded to Addepar [2] - Wealth Transfer Initiative of the Year awarded to Wellthspan [2]

Core Insights - The analyst was previously bearish on Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) due to its sensitivity to interest rates, but the anticipated negative performance did not materialize as expected [1] Group 1: Analyst Background - The analyst has over 18 years of experience in the financial markets, specializing in the financial sector [1] - The analyst has worked at various institutions on the buy side, focusing on portfolio management [1] Group 2: Disclosure Information - The analyst has no current stock, option, or similar derivative positions in any mentioned companies and has no plans to initiate such positions within the next 72 hours [2] - The article reflects the analyst's own opinions and is not influenced by compensation from any company [2]

Core Insights - David Martinez, the third-largest shareholder of Sabadell, has resigned from the bank's board, holding a 3.86% stake [1] Company Summary - David Martinez's resignation from the board may impact shareholder dynamics and governance at Sabadell [1]