Jose Humberto Acosta: Yes, we are going to try again. In March, when we are going to see, the dividend payout. The first thing that we do is to calculate the optimal level of Tier 1 during the 2023, assuming the business plan that we are having. Based on that, we believe that in March we have space to announce a dividend, assuming that 11% on average of Tier 1, they we’re going to maintain during 2023. So recap at the end of 2022, potentially the Tier 1 will be at around 10% areas we mentioned on the script. But during the 2023, the generation of capital we are going to reach at the end of 2023, the 11% assuming a dividend policy, our dividend payout that we are to announce on March. I don’t know if that is clear?
Yuri Fernandes: No, that’s super clear guys. Thank you very much.
Jose Humberto Acosta: All right.
Juan Carlos Mora: Thank you, Yuri.
Jose Humberto Acosta: Thank you, Yuri.
Operator: Our next question comes from Alonso Garcia of Credit Suisse. Please go ahead.
Alonso Garcia: Hi, good morning everyone. Thank you for taking my question. It’s actually just a follow up on a previous question. I think you; did you mention ROE for 2023 around 19%? Is that €“there is case, what are you expecting for this year for 2022? Thank you.
Juan Carlos Mora: Thank you. Alonso. Jose Humberto, could you take the Alonso’s question please?
Jose Humberto Acosta: Yes, we are expecting at the end of this year return on equity of 20%, as you said in next year 19%.
Alonso Garcia: Okay. Great. Thank you very much.
Juan Carlos Mora: Thank you, Alonso.
Jose Humberto Acosta: Thank you, Alonso.
Operator: This concludes the question-and-answer session. I would like to turn the call back over to Juan Carlos Mora for any closing remarks.
Juan Carlos Mora: Thank you everybody for participating in Bancolombia’s third quarter results conference call. We are expecting to end this year 2022 with results in line of what we have seen so far. 2023 will be a year with different challenges with an economic environment different than the one we have had during 2022. But we at Bancolombia still that we are very well prepared to manage what is coming in 2023, the structure of the bank, the digital transformation, what we are doing on our strategy, the customer base that we have, I think allow us to manage a year in which we, as I said, we have, we will have different challenges, but we feel, prepare to manage them. So again, thank you very much for participating in today’s call and we expect to see you in our next conference call and which we will present the full €“ result for the year 2022. Thank you very much and have a good day.
Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating and have a pleasant day.
