Juan Carlos Mora: Yes, that’s correct, Andres. Nequi already applied for a separate banking license, and that process already concluded with the Superintendencia Financiera and was awarded. So we are in the process of completing all the requirements to operate as a separate financial entity with a separate license — banking license, Andres.
José Humberto: Andres, regarding your first question, we don’t see any particular concern regarding banking industry with liquidity. Remember, in the first Q, there were potentially some pressure in order to the financial institutions to comply with the net stable funding ratio? Today, we are having a very, very good level of comfort as an industry. Particularly in Bancolombia, remember that we have a very strong funding composition basically because of our new level of transactionality. So just to give you an idea, the cash funding in lease are around 60% of our funding. So for the end of the year, we don’t see any particular concern. Regarding your second question, margins for 2024, there will be some pressure on margins next year, particularly in Bancolombia because of loan growth next year will be — the main driver will be commercial with tighter NIMs. So we are expecting at the end of the year, maybe a compression of the NIM in between 20 to 50 basis points.
Andres Soto: Perfect. Thank you, Humberto. And now that you are speaking about the general conditions in the financial system, obviously, Bancolombia stands out because of the access to funding and the balance sheet. But are you concerned in any way with what is going on with the Colombian financial system? Can we see some banks belly up under these conditions that are not apparently to improve in the short term?
Juan Carlos Mora: No, Andres. What we see is more a short-term or a structural situation. Liquidity was an issue, as you mentioned, during the year. So some banks should go to the market and go for resources and they had to pay an interest rate that affected their margins. But we don’t see a structural situation that could be — or that could generate some issues in the financial sector. We see more — I think that the level of capital, how the banks are performing in general in the financial system, it’s good, so we don’t see any issues from there.
José Humberto: The best way to clarify that point, Andres, is if you double check the net stable funding ratio of the system, all of us, we are complying above 105%, all of the banks. So we don’t have any particular concern.
Operator: As there are no further questions, I would now hand the conference over to Juan Carlos Mora, CEO, for closing comments.
Juan Carlos Mora: Thank you all for participating in the third quarter conference call. We expect the year to end in the same trend that we are seeing now. And we will present the results for the full year in February, where we will present the results of Bancolombia. The — as we mentioned during this call, what we are watching very carefully, it’s the risk behavior of our clients, particularly on consumer loans. And also, that’s what we will be watching during 2024. So those are — that is going to be the main driver of our results in the coming quarters. So hope you’ll be in our next conference call, and I wish you a very good day. Thank you very much.
Operator: The conference of Bancolombia has now concluded. Thank you for your participation. You may now disconnect your lines.
