Cesar Rivera: In terms of operations, we have had some — two answers there. We have had some operating issues at BCP, which we’ve managed correctly. Basically, we’ve had to shut down some branches on a — even on a hourly basis on a daily basis. But that hasn’t had a major impact whatsoever. Mibanco has been — since Mibanco operates in much more rural areas because of the microfinance business, two of Mibanco’s branches were burned. Those branches are closed today. And luckily, no personnel impact in terms of our employees. Nothing happened in terms of personnel impact. What we’re concerned there is a tiny — it a small portfolio around 80 million solid and we’re somehow concerned because of the lack of capacity for our clients of logistic problems, were to pay and on our side on how to collect. So those are, I would say, on the operational side, the major impact.
Carlos Gomez: Thank you very much.
Operator: It appears there are no further questions at this time. I will now turn the call back over to Mr. Gianfranco Ferrari, Chief Executive Officer, for closing remarks.
Gianfranco Ferrari : Thank you all for your questions. Despite the near-term outlook, which involves more uncertainty, we will keep delivering based on our purpose, executing on our strategy and advancing the many initiatives we have underway throughout 2023. However, we will be prudent as we have always been in managing risk given the current local environment. Although it’s still early to accurately estimate the potential impact of current social unrest in our economy and our businesses, our guidance of maintaining our ROE in the high teens in 2023 includes our best estimate based on the information we have today. We expect NIM will continue to increase as the period of high levels of interest rates could be prolonged, and our loan portfolio continues to shift towards retail.
Cost of risk will continue to normalize towards pre-pandemic levels. Finally, we expect to register high single-digit growth in the loan book. And to make this possible, we will continue investing in digitalizing our traditional businesses and disruptive ventures. I am hopeful that the next general election brings the stability needed to rebuild the country in an environment of peace, democracy and inclusion. Peru still maintains the institutional framework and macroeconomic fundamentals, which led the country to 14 consecutive years of poverty reduction prior to the pandemic. We hope that those that are elected protect those fundamentals and prioritize solving the structural problems in Peru, widespread poverty and an equal access to health and education.
We are committed to contributing to achieve the goal of poverty alleviation, which is closely tied to increasing financial education and inclusion. By accelerating our financial inclusion agenda we can support the efforts of those that are the list included, women, the elderly, people living in rural areas as well as those of lower social economic and education levels to achieve greater levels of security through savings, greater income generation and economic independence. We also believe that Peru has an important opportunity for advancement in the context of the global energy transition process. The prior government have wasted the opportunity of positioning our country as a leading participant in this process. The energy metrics will change fundamentally in the next five to 10 years due to environmental and resulting policy changes with investments shifting away from fossil fuels through renewables
