Javier Navarro, Director of GBS Finance in Valencia, talks about interest rates

The pressure on the stock exchanges has increased recently due to a number of factors. On one hand, the price of crude oil remains high due to geopolitical tensions with Iran and, on the other, there are fears of a possible low acceptance of the exchange plan for the Greek debt.

We believe that if the ECB does not lower rates agin this week it is because of the effects of last week’s LTRO II. But rates will be lowered by 50 basic points in future meetings, reaching 0.5%, as economic and labor market growth in Europe is still very weak.

OFFICIAL STATEMENT – IDENTITY THEFT ALERT

Madrid, October 22, 2025

Capital Markets AV SA, a regulated entity and part of the GBS Finance Group, hereby informs that we have detected an attempt at identity theft through the unauthorized use of our name and the creation of a fraudulent website falsely claiming to represent our firm.

We would like to state that no security breach has occurred in our systems or official communications. This fraudulent attempt was carried out by third parties unrelated to our organization, with the aim of misleading potential investors or clients.

In response to this situation, we have taken the following actions:

  • Filed a formal complaint with the National Securities Market Commission (CNMV) and the competent authorities.
  • Activated our internal reputation protection protocols and initiated cooperation with specialized cybersecurity organizations.

We strongly recommend that all our clients, partners, and the general public:

  • Always verify that communications originate from our official channels.
  • Do not provide personal information or make payments if there is any doubt regarding the legitimacy of the contact.
  • Report any suspicious activity to the following email address: gbs@gbsfinance.com

 

All official information regarding our activities is available exclusively through our corporate channels. We appreciate your cooperation and reaffirm our commitment to transparency, security, and the protection of our clients.

Capital Markets AV SA
GBS Finance