Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Q4 2022 Earnings Call Transcript

Onur Genc: I will reiterate, Chris, very clearly what we have in the guidance still in constant euro level, costs to grow around average inflation again, I mentioned it very briefly, but maybe in Mexico, this is not going to be the case. But at the group level, in blended number, it will be around this. Yes, focus on the positive jaws, which is a very important management discipline at BBVA. But I would also keep the costs in constant terms to grow around average inflation. We stick to that one. So if it means an improvement in the efficiency ratio, it means an improvement in efficiency ratio, because the income profile of Spain and Mexico, in our view, is going to improve further in 2023.

Patricia Bueno: So thank you very much, Chris. Thank you, Onur, Rafa, and thank you, everyone, for all your questions and your interest. We finish it here. Let me remind you that the entire IR team are available to answer any further questions you might have. Thank you very much.