Tejkiran Kannaluri Magesh: Understood. And can you comment on the recoveries and upgradations from the stressed loans and how the post rate of recoveries have been this quarter compared to the last one?
Gianfranco Ferrari : I mean, basically, we’ve seen — we have like a stable level of recoveries of written off loans and so basically, we haven’t seen an important change in that number in the last few quarters.
Tejkiran Kannaluri Magesh: Thank you. And my last question is on dollarization level, specifically in the SME loans at BCP, it has gone up to 36% from 26%. And is that a sustained trend? And do you think that’s because of the current difficulties in the macro/political environment? And is there any chance this higher levels of dollarization will spill over to other portfolios as well?
Cesar Rivera: Maybe I can take that one. Regarding the funding in progress, there’s no limit whatsoever because of the current political situation. If I go in price, you said 36% of the SME for $1,000, that number — sorry, I’m checking the number, but — SME business, that’s the mid-market companies. We have — that’s a quite — has gone from 26% to 36% over the last year. That’s basically because those are the companies that have dollar exposure are related to dollar-generating businesses. Either they export directly or they are suppliers to exporters. So we have no concerns regarding the foreign exchange exposure in that segment.
Tejkiran Kannaluri Magesh: Understood. Thank you.
Operator: Our next question comes from Carlos Gomez with HSBC. Please go ahead.
Carlos Gomez: Hello. And thank you for taking my question. It’s more on the economic and political side. How concerned are you today? And what impact the current disturbances has over your operations on a day-to-day basis? And again, do you see the situation better or worse today than you did 6 or 12 months ago?
Gianfranco Ferrari : Carlos, this is Gianfranco. I was going to answer you how much more concerned or less concerned am I today as compared to yesterday. It’s a really difficult question. There’s a lot of volatility in terms of political noise and turmoil and so on. This is a very personal opinion, and I’m not — I’m sure all of the people that are sitting at this table today may not have the same opinion. But I do see light in the end of the tunnel. Unfortunately, the prior government was — this is a lot of — this is based on public information. There are a lot of judiciary processes on the President and its ministers and the executive power and so on because of corruption. On top of that, the lack of capacity of execution was very high.
So I would say, we are more positive in what we see going forward. Obviously, there’s a lot of political turmoil and social unrest today, which is generating the troubles we’ve been talking about over the last few minutes. But overall, we are more positive today as compared to, I don’t know, six months ago or even three months ago.
Carlos Gomez: And in terms of the impact on your operations?
