Operator: Next question Fernando Gil de Santivañes from Bestinver. Please go ahead.
Fernando Gil de Santivañes : All right, thank you for taking my question. Two questions please. One is on Poland. What we expect in terms of mortgage provisions related to these funds going forward at least you can comment on the average and this was helping out. And a second one is on average rate growth I am looking at your key figures and Poland figures I am looking at loans – loan growth and FX impacts and it seems like part of the result increase in – and if you can comment on why it’s happening there and those would be changing? Thank you very much.
Hector Grisi: Okay, so Fernando, what you said at the beginning was mortgage provisions in Poland? Yeah. Okay. So, Fernando, let me tell you exactly how we are in Poland, okay, up to today, okay? And with the extra that we did, okay, we believe that is completely adequate. Okay, we’re talking about that in the blended provisions that we have we are provisioned up to 58%, okay, of the outstanding that we have, okay and we believe that’s enough to sustain exactly what needs to be done over there given the dynamics that we have seen in the market, and if you basically changing towards lot these when the these mortgages just started be about there, okay? So I believe that we’re at the right point and we believe the provisions at this level is completely adequate, okay? On the second, I will have Jose give you the answer. Thank you.
Jose Garcia-Cantera : No, as I explained, loan growth year-on-year was zero. Risk-weighted assets increased 2%, half of which is FX and I can’t take you through the composition of risk-weighted assets by country. But half of the risk-weighted asset inflation has to do with FX. Of the other half, we had some positives and negatives. As I said, we have contraction in the UK. We have contraction in terms of risk-weighted assets ex stock finance in auto, a slight contraction in Europe. And then we have the contraction in Europe and also risk-weighted asset growth both in ex FX in Mexico and in Brazil.
Begona Morenes : Thank you Fernando. I’m unclear if there are any further questions?
Operator: We have a question from the line of Ignacio Cerezo from UBS. Please go ahead.
Ignacio Cerezo – UBS: Yeah. Hi, good morning. Sorry, it’s just a quick follow-up on Brazil. If you can give us a little bit more color or at least ballpark magnitude of the substantial growth of NII you are expecting in ‘24 and the sensitivity to rates, Jose was mentioning so I guess, it’s probably around yeah 1% for 100 basis points decline. So, just trying to understand basically, I guess, what kind of magnitude in terms of acceleration of NII you are expecting next year in Brazil. Thank you.
Jose Garcia-Cantera : Okay. Thank you, Ignacio. I will answer the first part of the question and then Jose you will help me out with the rest, okay? This is sensitivity. What I told you is that, we believe that the worst is over in Brazil. Okay, and we’re starting to see a little bit more growth in the portfolio. Okay. So we’re changing that around. We’re starting to basically go back to the open market, which, you know, in ‘21 we decided basically to come out of it, given the what we saw in the core environment, okay. So at this point, we believe that Brazil is going to be able to turn around and also we see that the rates are going to be helping us out because we believe that the rate in August should start coming down. So in that sense, we don’t know exactly how the trends are going to work. But we see that is – this is coming much better than we expect okay. And we see that we’re going to end up the year basically flattish to where we started, okay.
