[Foreign language] Risks, uncertainties, and assumptions, because they refer to future events and therefore depend on circumstances which may or may not occur. Investors and analysts must understand that general conditions, industry conditions, and other operating factors may affect the future results of Banco ABC Brasil, and may lead to results that materially differ from those expressed in such future conditions. In compliance with the General Data Protection Law, we also inform that this transmission is being recorded and broadcasted in our social networks, LinkedIn and YouTube, and that in proceeding, you are aware that personal data, such as image and voice, may be shared without any harmful or breach of law. All the content, including the presentation, is available in our website for investors relationships. To follow our presentation, I suggest you download the content in the QR code on your screen, and at the end, we are going to have a Q&A session. Here with us today for the presentation of the results is Sergio Lulia, our CEO. Welcome, Sergio. Thank you, Moura. Good morning, everyone. It's a great pleasure to be here in another quarter with all of you. Let's see our results. I will start with the highlights of the second quarter. We had an increase of 185 clients, going through the 4,500 corporate customers. This is something pretty important to our organization. That represents a growth of 14.8% and also 4.2% compared to the previous quarter. We also have the expenses that grew compared to the same period, around 12.4%. If we take into account only the average employee expenses, that would be 1.1%. Just keep in mind that we had an expense growth in 2022 compared to 2023 of almost 48%. That shows, as we've mentioned before, that now we are more thorough in relation to expenses, allowing growth with better efficiency. In relation to portfolio quality, the overdues above 90% is 0.8%, considering that retail from the first quarter. We also have the Agro project. The Agro sector is a sector that we act a lot, the major segment of our portfolio, but we only dedicated so far to the major corporation. Now, the agro project, a commercial cell, is specialized to the Agro B usiness segment. We have products, Credit, all that to develop products that are specific to the Middle Agro segment. Another important part is our second sustainability report that was published. Just like other organizations, we have major advances in relation to the first report published a year ago, and for sure, we also have external assurance. Let's watch a video now with our highlights. Highlights for the second quarter of 2023. Profitability. Net profit of BRL 219 million in the second quarter, a growth of 6.2% in relation to the first quarter, and 0.1% in relation to the same quarter last year. Our return on the current portfolio expansion of 63 basis points in relation to the previous quarter. Quality of portfolio. Operations with delays above 90 days. Growth of the customer base. We continue to grow our base with corporate clients. Addition of 185 new clients in the quarter, and 592 in total, equivalent to an annual expansion of 14.8%. We continue our presentation. Let's talk a little bit about the extended Credit Portfolio. The year, our extended portfolio, Credit Portfolio grew 8.4% compared to the same period in the previous year. On the Corporate segment, we have a growth here of 0.3%. In the quarter specifically, there was a small drop around 0.7%, and the segment that had the best behavior was corporate, with a growth of 0.9%. This slight drop is due to a set of factors. As you know, in the first quarter, we had a couple of wins against the corporate market as a whole, starting with those overdue loans of that retail and also policies, high interest rates. Companies were trying to reduce their loans of working capital. The market was a little bit slow, and the numbers we have here reflect this factor, numbers as it was mentioned by FEBRABAN and the Central Bank. Our expectation is that this will grow in the second quarter. We have that in relation to the interest curve, the uptake of investment banks. We expect that this dynamic with the corporate market as a whole, and also Banco do Brasil specifically, will reflect a more positive sense. In relation to products, we had a good performance of the corporate securities, at 8.9% compared to the market comparisons. We have CDCAs, the agriculture numbers that are from rural product certificates, and they have a great acceptance by the market and Banco do Brasil. This is something that performs really well. Moving forward here, we have these sectors that are amazing, and due to being a bank that has a niche and our market share is 1.5% of corporate credit, this sectorial is by design, better than by default. We have sectors that are pretty defensive, like agribusiness, energy, trade, financial, and transportation and logistics, representing the largest part of our portfolio. It is a diverse portfolio, no concentration points, and in sectors that we believe are against the cycles. Now, let's talk about the margin. The margin with clients presented BRL 377 million. It's a small drop in relation to BRL 345 million, but this is still the line that represents most of our financial margin. It represents 60% of the entire interest margin. Despite the drop here, we had 15 subsequent quarters under expansion, and if we get 15 quarters below, our margin was around BRL 140 million. We went from BRL 140 million in an ascending trajectory, reaching BRL 330 million, BRL 340 million, more than 140% in the periods. It's not one quarter that will take us to have a change in our trajectory. That's the one we have been showing throughout the years. Our spread with customers, the annualized one, reached 4.2%, and if we deconsider the risk cost, 3.3%, a small improvement in relation to the previous quarter, due to the fact that provisions are now without the impact of that specific case that we mentioned before. In relation to the entire evolution, the financial margin reaches BRL 1,019,400, compared to BRL 924 million, growing 18%. If we get the quarter, a small drop affected by the line of the margin with client. Margin with the market, there is an increase, and margin of the shareholders' equity remunerated at CD, there was also an increase. Here, pretty stable compared also for the NIM, and it's pretty to stability. Let's talk about the quality of our Credits Portfolio. Loans overdue more than 90 days reached 1.2% of our portfolio. If we deconsider that specific case, it would be 0.8%. A portfolio quality that is pretty constant and stable. This is important because after a period with high interest, just like we had with macroeconomic uncertainties, we have here the resilience of our portfolio, how we can operate this segment. Now, talking about the segment specifically, the Corporate segment with overdue of 0.4%, great behavior, below our historical margin, CIB, the impact of this specific case, and in the Middle, 3% per year, quite stable. Now, let's talk about the expanded provision expenses. We've had BRL 70 million in the period, and that comes from a reduction in relation to BRL 98 million from the previous quarter, and BRL 115 million of the fourth quarter of 2022. This represents 0.6% of the Expanded Portfolio, and that is totally aligned with our history. If we get the cycles, usually the provision is around 0.5% to 0.7% of this portfolio. In comparison, there was a drop in relation to the previous year of 28.9%. There is no impact of that retail client, and 46.2% in relation to the previous year, when it was way below what we had in history. The PDD balance represents 3.4%. The loan loss reserve is 1.4% in corporate, 5.1% in the Middle, and 11% in the C&IB. In relation to the coverage rate, we have the entire coverage, the total, and also the coverage ratio, considering the impact of the retail as client, it's around 270-280%, a proper level. In relation to the service revenues, it reaches BRL 79.4 million, stable in relation to BRL 79.7 million from the previous quarter. Here, there is a slight recovery of the Investment Bank segment, despite the fact that it's inferior to what we've considered the regular, the normal time of the market, so we expect this recovery to continue. We have many signs of this resume. The pipe is huge, the pipeline are amazing, and we have expectations for concluding this semester. In relation to tariffs and brokerage, we have great numbers, and when we compare annually, we see that we have BRL 44 million reais this year, compared to 31.8% in the first quarter, and we expect this to continue. This graph here, I believe it's pretty useful, so we can understand the dynamic. It's semester versus semester, and you can see that we have a stability in guarantees. It's a segment that we have been working a lot, additional and important to the bank, and pretty stable. The Investment Bank segment, as I've mentioned, that's where we had a retraction. In the market as a whole, we have seen other banks pretty important, and this has been something really amazing. We expect this to come back in the second semester, maybe not to recover from the first asset, but to improve. In relation to tariffs and insurances, we expect the expansion to continue. Let's talk about the efficiency ratio. The efficiency ratio reached 40.1%, compared to 38.8% in the previous quarter, a slight increase. The efficiency rate is a division of expenses over revenue. Here, in expenses, we were good, as I mentioned, 2.6% of growth in relation to the previous quarter, and 12.4% in relation to the previous year. If we compare the first quarter of 2023 and the first quarter of 2023, it's 20%. If we get the entire year, 2022 versus 2023, above 40%. Here, we have a great convergence of the expenditure increase to what were our expectations. We have lower growth on that, and the efficiency ratio increased due to this relative adjustment of the expenditures. This is an expectation for us in the second semester. We have kept our guidance in the efficiency that is to reach, at the end of the year, an efficiency ratio of 36% to 38% compared to 40% we have now. Funding. Let's talk about funding. Funding that continues to be a great strength of the bank. We have ratings that are similar to the sovereign ratings, one above due to the controller, and we have a funding that is pretty diverse, 27.5% coming from institutional investors, 15% from deposits made by the companies that are our customers, 16% from individuals. We have BNDES, and we have Tier 1 and Tier 2 with those. We also have the shareholder equity. We have trade finance and 10% in multilateral agencies. It's important to highlight, and I highlight that every time, we don't have any cash spread. All vertex, we have this funding higher than what we expected, and that has brought a lot of calmness to manage the bank. In relation to the yearly funding, it reached BRL 45.9 billion, 7% above what was the previous year. Talking a little bit about the capital now. Our Basel ratio reaches 15%, and 12.9% is Tier 1 capital, and 12.1% Tier 2. It's pretty stable, a small increase in relation to the 14.8% that we presented last March. From the equity, it's around BRL 6.6 billion, and also the shareholders' equity, BRL 5.4 million. This Basel ratio is what we consider to the bank, and we expect that to improve a little bit better due to two factors. The first one is the recapitalization of the CPR. We just did it. It will impact our equity as soon as we have all the approvals. The second resolution, Resolution 229 of the central bank, reconsidered all the equity. Those two factors, the recapitalization and Resolution 229, will add 0.7% to the bank in the Basel ratio. Talking about the results, in the annual comparison, the net income of the second quarter, compared to the second quarter of 2022, was almost flat. In relation to revenue generation, there is an increase in the three major compounds, despite the fact that we would like that to improve a little bit better, mainly with the margin with clients. 22.9% with clients, market 13%, and the shareholder equity remunerated at CDI, 31.7%. We had some problems related to overdue, mainly to that specific case, but a year that had low numbers. The service revenue had impacts of investment bank and also the increase in expenses. That's according to what we planned. We believe that there will also always be an increase with expenses, but the proportion is pretty close to what we expect to the bank. Our ROI is recurrent. It's 15.1% in this quarter, compared to 14.4% on the previous. If you consider the consolidated semester, 14.8% in relation to 16.1%. I would like to spend a couple of seconds here to mention one thing. Just like I explained throughout my presentation, I believe that in this semester we had a set of factors that, despite not being acute, brought a weakening of the entire market where we work. There was an overdue amount that was somehow something that scared the market and everybody got retracted. That reflected in our capital market, which was retained. We had a higher interest ratio, sometimes adding some value at the balance sheets of smaller companies, making banks, just like us, that respect the credit cycle, to be more careful when granting credit to this market. In major companies, where we expected the repricing to occur due to this risk, this didn't happen, and in moments like that, we prefer to spare our capital in order to expand when we have more favorable conditions. Those things are related to the moment, and they are under transformation now. Even with all these points that took part in the first semester, the ROAE is around 15%. That, despite being what we would like to present, what we expect to present, shows a certain resilience of our business model. Finally, let's talk a little bit about our guidance. The growth of Extended Credit Portfolio, that was from 12% to 16%, we are changing to 4% to 8%. Keep in mind, as growth up to June was almost zero, when we talk about growing 4% to 8% in the second semester, this corresponds to an annual growth of 4% to 8% as the pace. Same thing for Middle. We had a guidance of 35% to 45% per year. Due to all the credit policies that are a little bit more restrictive, the growth was flat, so we are proposing to ourselves to grow from 5% to 15% in the second semester, and that would mean a rhythm of growth of 10% to 30%. In relation to expenses, and once again, I show how our business model adapts to changes in the scenario, we had a guidance of 15% to 20%, and we are downgrading that to 10% to 15%. Our efficiency level was 35% to 38%, and we finished the second quarter at 40% of this indicator. So in our best estimation, we are going to have an improvement of this indicator in the first semester. That's what I had to share with you, and now I hand back the floor to Ricardo. Thank you, Lulia, for bringing the overview in the second quarter. I would like to thank you all who are following the broadcast. In a minute, we are going to start our Q&A session. To everyone who is following us, feel free to ask questions. To participate, just raise your hand by clicking on the icon at the bottom of your screen. Here, by my side, besides Sergio, we also have our CFO, Sergio Borejo. Welcome, Borejo. Thank you. Good morning. Good morning, Sergio. Good morning, everyone who's here. It's a pleasure to be here for another quarter, and I'm available for questions. Thank you. Great, Borejo. Now, let's see our first question from Flavio Yoshida from Bank of America. Thank you, and the floor is yours. Good morning, Lulia, Borejo, Ricardo. Thank you for the opportunity. My question here is related to next year and not getting the guidance review, but this review you did in the guidance was meaningful in relation to what is related to the portfolio growth for this year. We see this carryover of the portfolio and the interest approval, so this may pressure the revenue next year. How can I think about that? Do you see that with the drop of Selic, this may increase and it would compensate this weak portfolio for this year? Thank you. Hello, Yoshida. Thank you for your question. This matter of the growth, we always enjoy putting that into perspective. A bank like ours, that has a small market share, manages to grow even in scenarios that are more adverse, just like the first quarter. If we wanted to grow, we would have grown, but the matter is, we enjoy growing with the correct risk-return ratio. In relation to the first quarter, there was an opportunity that didn't have the relationship of risk and return ratio, because you had an increase in the risk perception, at least in our understanding. On the other hand, there was a compression of the spread or even stability, and the spread didn't follow the risk presented. What do we see now? We see, first of all, in relation to the risk, the impression we have, and it's to be confirmed, is that we are at the end of a cycle, not only because of the Selic that started to be reduced, but also the macroeconomic uncertainties that are being addressed by all the reforms. The interest rate is improved, the currency also has an improvement, the capital market is coming back, and that brings this appearance that things are a little bit more relaxed, and that may reflect an improvement for the financial economic status of companies. The uptake of projects that sometimes are not feasible due to interest rates. We have this in the second semester, in fact, of this year, this may be faster or slower, but we enter 2024 with this acceleration rhythm for our portfolio. Thank you. Thank you very much. Thank you, Flavio. Now, our next question from Brian Flores, from Citibank. Thank you, Brian, for your participation. Thank you for the new coverage, and the floor is yours. Thank you. Good morning, Lulia, Ricardo, Borejo. I would like to ask you a little bit about the margin. You've mentioned, Sergio, you've talked about the problem with repricing. So how should we think about the second half of the year on what could we expect in this margin with the market conditions that you just presented? Thank you. Thank you, Brian. It's a pleasure to talk to you. I will start, a nd then Borejo, Ricardo, you may add on that. The margin is related to two major things. One is the credit spread in relation to the perceived risk. A little bit about what I just commented on the previous question from Yoshida. That reflects to understand if the spreads presented is a price taker and not a price maker. We assess the prices of the market and check if that is in agreement with our risk margins. What we see is that prices are somehow constant, but the risk perception is improving. This may bring poor opportunities for growth. The second part that is also important is the product mix. Throughout the years, we have been increasing the participation of products that are less intensive in capital to the portfolio. That is, if we get four years ago, the products we considered less intensive in capital, they represented more or less 20% of the margin from clients. They are close to 40%, only with margin with clients. We are not talking about the margin with clients, neither shareholders' equity remunerated by CDI. That has presented in the second quarter a performance that was a little bit worse, and we expect that to resume. There is a risk perception on one side. On the other side, uptake of those products brings a great expectation for the second semester. Was it answered, Brian? Yes, yes. If you could have a follow-up on — in the Middle part, you see this risk improving also, right? Or is it related to the guidance that you mentioned, a little bit more conservative, and this is a segment that is a little bit more difficult? We see a slight improvement, and then we have to be careful. We have to perform cherry-picking. There are smaller companies that suffered throughout the year, the year and a half, and the situation, the credit situation was a little bit more risky. We see October, November last year, they closed their taps of credit, and now they're starting to open, but that's not something that is just going around 180 degrees. You go slowly, you test, and there is a perception that the worsening cycle is over, and then we are starting to improve. Thank you. Perfect. Thank you very much. Thank you, Brian. Now, our next question from Ricardo Buchpiguel from BTG Pactual. Ricardo, thank you for your presentation. Good morning, Lulia, Ricardo, Borejo. I have two things to ask you. First, could you give us an idea of the magnitude of FGI, PRONAMPE, how that improved the portfolio throughout the years? Was there any recent change in those programs that could justify lower risks, lower numbers, mainly in the Risk segment? And the other thing, if you could comment on the sensitivity of results in relation to the drops of Selic. Also thinking about the Selic that will go around 9%, but also other impacts, like the change of portfolio mix, new products throughout the changes through time and efficiency. Can the customer think about the ROI for the next months for Banco ABC? FGI was important to our growth, 60% of our portfolio. There was no major change. This known growth, as Sergio mentioned, is related to our risk perception and return of the portfolio than any governmental issue. As Sergio mentioned, we have this matter. We were perceiving that the risk was increased and the spreads were stable, so we could have more assets, but we have a small participation in the market. We have opportunities to grow, but the major expectation is related to risk-return ratio. That, for us, was not something that would justify the growth. What about the sensitivity of CDI interest rates? CDI, the math is pretty clear. Every 100 basis points, 0.3 of ROI, the return on average equity. It's only important when you take into account the align. On the other hand, this high CDI will increase the cost of the debt, and the asset generation, as we mentioned, is worth as long as the spreads compensate everything. There is this growth issue that, for sure, due to the drop of Selic, will happen. It's just a matter of time. The portfolio increases, the activities increase, the service revenue increase, and the capital market is more active. We have different lines that will compensate the CDI. We have no questions about that. Hence, the last two years, we had 17%, 17.5% of the return on average equity. CDI was below 13.4%. That's what we had in the last quarter. Just to add on what Borejo mentioned, the sensitivity of the interest rate results, you have one line that is the compensation of CDI, and math is doing easily there. It's the explicit side of the improvement or worsening of results due to CDI variation. We have a set of other things that are hidden. For instance, how many projects were not accomplished because the interest rate was way too high, or because the average cost of the debt didn't compensate the project? How many clients had their credit denied because we thought this interest rate would break the client? How many credit lines were shortened? We say: Look, in this situation, I will operate in the short, because if I elongate, the uncertainty is bigger. Our bank, and we have a bank that has been here for thirty-three years, and we expect that to double — they, we are prepared to operate throughout cycles, higher interest, lower interest, also loans overdue in longer periods, less periods, lower periods. You have to respect and understand the cycle. In our case, from the sustainable return on average equity, we prefer to have a lower selected, won't be 2%, because that was also a situation. It will be around something between an interest rate that will compensate the investors and allow projects to be developed, and allow credits to be granted, and allow the overdue loans be under control, and that's it. Have we answered, Ricardo? Now, next question, Carlos Gomez- Lopez from HSBC. Carlos, thank you for your participation. The floor is yours. Thank you very much. Two specific questions. One is, could you — you gave us the impact on capital of relation 229. Can you isolate the impact of Resolution 229? In your expenses, your tax expenses have increased 32% year on year. What is that related to? Thank you. I will also mention your questions in Portuguese. The first question is related to Resolution 229. What would be the individual impact in the capital base, the result of Resolution 229? Basically, we have two positive impacts here, Carlos. One from Resolution 229, around 35 basis points, and the other is the recapitalization of our own interest, around 35 basis points, adding 70 basis points, as Sergio mentioned. The second was? Tax expenses are simple. Tax expenses vary, but when you get a six months or something similar, it is 4.65% over the margin. That's PIS and COFINS, and in relation to the service revenue, it's around 9.65%. Five percent of ISS and 4.65% of PIS/COFINS. So if you do the math, on the long term, maybe one small difference in one quarter or another one. This quarter, it was way lower than our history, but when you get longer series, it won't go away from that. Okay, Carlos? Thank you. About the expectations of JCP, we have followed by the press the discussions — well, not even discussions — it's about sources saying what the government should do, this and that. This comes back to the media, but there is a perception from the economic team in the context that the sector has been doing, that the tax are pretty high and they are intermediate. This increase will automatically imply an increase of the final costs to the takers, because we affect that in relation to the economy. Our perception is that the economic team understands that, and in the discussion that we have is, if there is any increase in the interest on the capital distributed, it would be for... We have no concrete news, just ideas and news, and then we have to treat that. Did we answer your questions, Carlos? Yes, thank you. Thank you very much. Now, our next question, Yuri Fernandes from JP Morgan. Yuri, thank you for your participation. The floor is yours. Thank you, Ricardo. Good morning, Borejo, Lulia. I have a question about portfolio quality. We see all the letters, and we see a worsening of letter B, BRL 250 million. So I'd like to ask you, if you could mention, we have many cases, so should we be worried about that? Possibly that we should have more provisions, so it's just an adjustment of the portfolio. So how is that? That's my first question: What happened in letter B? And then, also talking about portfolio quality, do we have a case-specific adjustment similar to what you mentioned, if we look at the Light Corp, that specific case, it's around BRL 70 million, BRL 65 million-BRL 70 million. So removing the letter, does it make sense to have this cost of risk of 1.2%? I know you don't have guidance, but should that be the cost of risk that you have? Yuri, thank you for your questions. I can answer, and please add if you have anything. The letter D issue are part of our activity. We have corporate customers improving. In this quarter, we had some corporate clients that we did some changes. Considering that provisions are adjusted, it's not that a client then say, "Oh, it is deteriorated," and so on. These provisions are adequate. We had a couple of cases, three cases, in fact, and that impacted letter D in this quarter. In relation to the provision in NPL, we have a proper level. When you see BRL 70 million, this fact, the fact that we respect our segment and its particularities and surprises may arise, we don't have anything identified so far. No surprises, I believe. If you think about the provision that is somehow 0.6%, 0.5%, 0.7% in the Expanded Credit Portfolio for the next quarters, it seems to be a proper level. Thank you very much, Lulia. Perfect. Thank you, Yuri. Now, our next question, Pedro Leduc from Itaú. Pedro, thank you. The floor is yours. Good morning, thank you very much. Here's my question about a different subject: the efficiency ratio. The expenditures capped despite the review of the guidance for the portfolio that will imply in a lower revenue. I would like to understand what were the fronts of economy that you found, commercial ones or projects, and how this will impact 2024. Is there anything that will be postponed or more services helping this ratio? Just shed a light on that, how you capped efficiency ratio despite a smaller revenue. Thank you. Good morning, Pedro. Thank you for your question. Here we have a good question, and there is a set of factors that we have to take into account. First of all, when you look to the initial guidances from 2022 and 2023, we can see this stabilization of the growth curve, because most investments, the structuring investments, that's how we call it, were performed. It doesn't mean that other investments won't be made, so investment is a constant. It's here to stay. We are always going to invest, otherwise you lose the pace, but the intensity may have reached its peak in 2022, and now it can be reduced. First point. Between the guidance of this year, 15% to 20%, to the guidance that is 10% to 15%, the major change, and I believe that's an important aspect in our business model, is we have less participation in the case of these recoveries that are variable. These recoveries represent a meaningful part of the total recovery, and it adjusts quickly according to the performance of the bank, products, the segment, and so on. When you realize there is a relative weakness of the revenue there, you can translate that into cost adjustments, because then we have lower personnel costs. There was no impact in relation to investments and structuring projects, and not even a development of new investment fronts that are fully maintained. Another specific point that we have also results that are surprisingly positive. Throughout the last year, when we released all the results in our calls, a reorganization of the company, and we built some areas, and one of them was what we call operations and technology, and they are developing a manufacturing project of the entire back office. You get not only operations, but when you get technology, you get onboarding, guarantee control, and all this. We have new processes that are more scalable, or automation, and that is being reflected in lower operational costs. We've been there, and we expect for the second semester that it will intensify. In a sustainable way, the bank will have better sustainability in Middle and back office. You can imagine our histories of a bank, a wholesale, major companies, in which back office follows that, and the back office is pretty customized with customers' needs. And then when you go to the Middle segment, this is something that is happening, you have to have more manufacturing process with a cost that is lower per unit, and errors per million also lower, all that with KPIs, and those are the impacts we see now. Excellent. Excellent answer. Thank you. Three major factors, the variable one, the commercial one, and also the structural one. Two of them, you are carrying to 2024, right? Yeah. The cyclic, I hope not, but others, I believe so. Yeah, that's structural. It's structural, and the name of our bank business is to have this positive leverage. From the infrastructure point of view, it's happening. In relation to revenue, we postpone it for a semester because, looking ahead from what we discussed, there is this reason for being optimistic. Thank you. Thank you, Pedro. Now, our next question, Lucas Martins from Prada. Thank you, Lucas. The floor is yours. Good morning. Good morning, everyone. Lulia, Ricardo, Sergio. You've mentioned an initiative in agribusiness, and I would like you to understand how you are going to address this sector. Do you intend to serve smaller clients and exposing more the bank, or does that go aligned in adding other financial products like insurance, and so on? How is that related? Lucas, this announcement is something that we have been working on internally, and it comes from different factors. First, I don't need to spend a lot of time explaining the importance of agribusiness in the Brazilian economy. It's a pretty competitive scenario segment, including internationally. It has a larger participation in the GDP. It's solely dedicated to credit, good for financial institutions, and it's a segment in which the chain is a little bit stressed from the credit point of view, because credit granting is not only by banks, but also input suppliers, major trades, cooperatives, and so on. Everyone who takes part of the segment, in fact. Our presence in this segment, we have 28%, grain, sugar and alcohol, cooperatives, livestock, and so on. In grain manufacturing, we only focus on major farmers — major companies. It's not a rigid rule, a strict rule, but those who have more than 20,000 to 25,000 hectares of grain planted. There's an important and interesting niche that are the middle-sized producers. We are going to start with those with 10,000 to 15,000 hectares. They are major producers. We are not talking about small ones, but they are considered Middle in the business. They have some particularities. They are individuals, most of the time, they are non-legal entities. We have some tax benefits for individuals. They have relationships with the entire chain of inputs, trades, fertilizers. We are the bankers of this chain. We are developing products here for these entities, helping them to sell and fund their sales to middle-sized producers, but we need to develop technology to understand them, to monitor the crops, to have proper guarantees, and that's what we have been doing, and we intend to do. It's a huge number of clients. When we talk about Middle market, we have this portfolio of four million. It has with two thousand something clients, there's no Agro. So if you want to be a corporate, a Middle Corporate Bank in Brazil when you're not acting in Agro, that was a link that was missing in the chain, and we intend to reach that. And across all our products, that is amazing. You've mentioned insurance. We have insurance, we have crop funding, hedge of all types, we have intermediation of the relationship with the trades, also the relationship with input suppliers, seed suppliers. It's a very inclusive proposal, but one step at a time. Through all time, this will have a good result. Thank you, Lucas. We're finished our session of Q&A. We would like to thank you all so much for your participation. We are reaching the end of our broadcasting for the conference call for results in the second quarter. Now, I will hand the floor to final words. Borejo, please, I would like to thank you for your participation. We are available in case you have any questions, anything that was not asked, come talk to us, and I hope to see you soon in our next opportunity. Thank you very much. That's it. On my side, I would like to thank you for your presence, for your time, and say that it's always a pleasure to be here, telling you what we have been talking about. As Borejo and Ricardo mentioned, we are totally available in case you have any other questions, and I hope to see you soon. Thank you very much. Thank you, Lulia. Thank you, Borejo, for your presentation. We thank you for your participation, and the presentation is available at our RI website. The video will be available on our YouTube site, and if you want to listen to the audio, it's going to be available on Spotify at the ABC channel. So hope to see you soon. We thank you for the audience and the presence. Have a great day.