Hector Grisi: Yes, the betas, as I said, are 25% to 30% in Spain; in U.K., around 30%; in the U.S., around 40%; and Brazil around 80%. And as you know, very automatic due to the fact that is indexed.
Jose Garcia-Cantera: Yes. So the way we’ve done the interest rate sensitivity is on the static balance sheet at the end of December running the forward rates on the 31st of December for each currency with the betas that Héctor just mentioned. So no assumption on volume growth or repricing. So when you look at our double-digit revenue growth, double-digit revenue growth for next year means roughly EUR 5 billion increase in revenues. And what we are saying is that between EUR 2 billion to EUR 2.5 billion of that will come just from interest rate sensitivity, most of which is in euros, obviously. So I mean the structural hedge in the U.K., which was the final question, it’s pretty stable at around GBP 100 billion, so GBP 100 billion, more or less, structural hedge in the U.K.
Operator: The next question is coming from Daragh Quinn from KBW.
Daragh Quinn: Just a follow-up question on Brazil and the outlook for the cost of risk in 2023. I think you said you expect it to be stable. Is that relative to the actual number reported in 2022, the 4.8% or the underlying one of 4.6%, which excludes the one-off that we saw on Q4. And then a second question on Spain and the outlook for NII. Maybe just if you can give some sense of what kind of magnitude of NII growth you’re expecting for next year. And to what extent do you think that NII growth, maybe not just for you but for the industry as a whole in Spain, will generate more political risk in this year of elections? And then finally, sorry, just a quick question on the European consumer finance or the Digital Consumer Bank.
It’s probably one of the unique businesses in the group, which relies more on wholesale funding or group funding. Maybe just if you could give a comment on your outlook for how that funding will reprice in 2023 and the impact you see on margin for that business over the next 12 months?
Ana Botin: Okay. So the first one is easy. It’s excluding the one-off. So excluding the one-off, so around 4.6% is the number that we published. That’s — the stability is roughly stable. We’re not saying a number. I’m saying roughly stable, excluding the one-off. Investor Day probably will give a more detailed guidance or not. We have to decide exactly how much we give. I just want to go back to the group because, again, what Santander offers is a group. It’s not just a specific country. And I think what matters is that we delivered less than 1% cost of risk in spite of one-off, in spite of inflation, in spite of things being very different, please. This is exactly the work we have been doing, and we are increasing, and Héctor is fully focused on how can we combine this unique global scale with in-market scale so that Santander, as a whole, makes more money, is more profitable and creates more value.
