Ladies and gentlemen, thank you for standing by, and welcome to the Banco Itaú Chile third quarter 2025 financial results conference call. This presentation and the third Q 2025 earnings release are available on our Investor Relations website. During the company's presentation, all microphones will be disabled. Later, we will begin the Q&A session. To ask questions on audio, click on Raise Hand and state your name and company. You will then receive a request to activate your microphone. Please activate your microphone to ask the questions. To ask questions in writing, just queue the question in the Q&A button. Please be aware that your company's name should be visible for your question to be taken. I would now like to turn the conference over to Matías Valenzuela, Head of Planning and Corporate Strategy. Good morning, everyone, and thank you for joining our third quarter 2025 conference call. My name is Matías Valenzuela, Head of Planning and Corporate Strategy at Itaú Chile. I'm here today with our CEO, André Gailey, our CFO, Emiliano Muratore, and our Chief Economist, Andrés Pérez. We are pleased to present our results for the third quarter of 2025. Before we begin, I would like to remind you that this presentation may include forward-looking statements. Actual results may differ materially from those discussed. I would also like to draw your attention to the financial information presented in our management commentary, which is based on our managerial model. This model adjusts for non-recurring events and applies internal criteria to present our income statement in a way that reflects how we manage the business. Since the second quarter of 2019, we have been presenting our income statement in the same format we use internally. This approach allows us to analyze and discuss our performance across four key dimensions: commercial performance, financial risk management, credit risk management, and cost efficiency. We believe this model offers a clearer and more consistent view of our financial performance. For more details, please refer to pages 32-35 of our management commentary report. With that, I will now turn it over to our CEO, André Gailey, to continue the presentation. Good morning, André. Good morning, everyone, and thank you for joining us today. We had a great quarter. Strong profitability, disciplined growth, and continued progress in our transformation journey. In Chile, RoTE reached 14.5%, supported by higher revenues, low credit costs, and tight expense control. Our efficiency ratio improved to 41.3%, the best level in past 12 months, reflecting our scalable business model and operational discipline. We achieved these results while maintaining strong asset quality and efficiency capital usage. Loan expansion exceeded the market, especially in commercial and mortgage lending, and we increased our portfolio while reducing risk-weighted assets, clearly evidence of quality growth and capital efficiency. In corporate finance, Itaú ranked number one in M&A and debt capital markets year- to- date, reflecting our clients' trust and our ability to deliver high- quality advisory and execution across the region. Our capital position remains one of the strongest in the market, with a total capital ratio of 17.7% and AAA ratings from both local agencies following ICR's recent upgrade. These underscore the strength of our balance sheet, consistent capital generation, and prudent risk management. Turning to our Colombia operation, performance also remained solid. We achieved a positive bottom line for the sixth consecutive quarter, confirming the progress of the strategy we have been implementing. Results were driven by greater efficiency, stable credit quality, and improved funding and treasury performance, further strengthening our regional platform. Innovation and digital transformation continued to advance. This quarter, we launched Avenue by Itaú, a fully digital platform exclusive to our clients, providing secure and direct access to global investments. It expands our digital ecosystem and reinforces our focus on client experience and digital excellence. Our reputation and customer relationships continued to strengthen. Itaú Chile received the Customer Loyalty Award, recognized as the bank with the highest customer loyalty and satisfaction in Chile, a clear reflection of our value proposition and consistent client experience. We also reinforced our leadership in sustainability, achieving a record 81 points in the S&P Global CSA, ranking number one among Chilean banks and receiving the ALAS20 Award for Sustainability and Investor Relations. These achievements reflect our commitment to responsible growth and long-term value creation. Overall, this was a very strong quarter for Itaú Chile. We are growing with profitability, quality, and discipline, strengthening the foundations of our 2030 strategy and reaffirming our leadership in the market. These results confirm that we are building a strong, more sustainable Itaú for the long term. With that, I will now hand over to Andrés Pérez, who will walk you through the macroeconomic outlook for Chile and Colombia. Good morning, Andrés. Good morning, André. Good morning, everyone. In this slide, I will provide a quick overview of Chile's recent economic performance. According to the monthly GDP proxy, GDP rose by 1.8% year-on-year in the third quarter of this year, slowing from the previous two quarters, mainly hindered by the 2.2% mining drop that was related to a transitory disruption in an important mine. Commerce remained strong, rising by 7% year-on-year, and services were upbeat, increasing by 2.8% year-on-year. On a sequential basis, activity expanded for the fifth consecutive quarter in the third quarter of 2025, yet slowed at the margin, again, due to the transitory mining shock. On the nominal side, headline inflation ended the third quarter this year at 4.4%, still above the 3% target, yet essentially in line with market forecasts at the time. In this context, the Central Bank of Chile maintained the policy rate at 4.75% in the October meeting in a unanimous decision, arguing that the current scenario has evolved in line with the projections of the September IPoM, yet presents risks to the path of future inflation, which warrant gathering more information before continuing the process of bringing the monetary policy rate towards its neutral range. Even though the Chilean economy continues to experience very favorable terms of trade, along with a gradual improvement in household and business sentiment and a projected uptick in investment outlook, the currency has lagged with respect to regional peers, likely reflecting low interest rate differentials with the U.S. On the right-hand side of the screen, you can observe the industry's loan dynamics. In the third quarter of the year, banking loans rose by 5.3% year-on-year in nominal terms, indicating a gradual improvement in credit activity, as also evidenced by the Central Bank of Chile's quarterly bank lending survey. On the funding side, on the bottom right-hand side of the screen, demand deposits rose by 7%. Meanwhile, time deposits grew by 1.2% over the past year. On the next slide, we present our macro forecast for this year and next for the Chilean economy. First, on the top left-hand side of the screen, our GDP growth forecast for this year stands at 2.5%. Of note, holding the GDP proxy level of the end of September flat through the year-end, GDP this year would rise by about 2.4%. As we've mentioned in the past, growth this year has been driven by a recovery in mining investment and a favorable external backdrop. The improvement in private sentiment, lower average inflation, and borrowing rates should support private consumption into next year, as non-mining investment should receive the lagged spillovers from the mining investment recovery. We forecast 2026 growth at 2.2%, although an upswing in investment dynamics leads to an upside bias to next year's forecast. Moving on to the right-hand side of the screen, we foresee inflation ending the year at 3.9%, penetrating the ceiling of the Central Bank's inflation targets tolerance range, and then converging to 3% during 2026, driven by low global oil prices, among other factors. Importantly, inflation expectations at the policy horizon have remained anchored. In this context, we believe that by December, the Central Bank Board will have sufficient data to confirm the disinflation process and proceed with the final stages of rate cuts. We expect the cycle to conclude in the first quarter of 2026 at 4.25%, which is 50 basis points below the current level. Risks tilt towards an end to the cycle at a slightly higher level. Now for a quick overview of Colombia's recent economic performance. Economic activity in the third quarter of 2025 is set to be upbeat, driven by retail sales, coffee exports, and manufacturing. Private consumption is boosted by a labor market that remains tight with the 8% urban unemployment rate at its lowest level in decades. Meanwhile, business confidence remained favorable in August, reaching the highest level since mid-2022. Leading indicators and tracking lead us to forecast 3Q 2025 GDP growth between 2.8% and 3.5%. On the bottom right-hand side of the screen, you can see quarterly inflation over the last year. Inflation accumulated in the third quarter reached 5.3%. Core inflation sits at 5.4%, down slightly from 5.3% in the previous quarter, amid sticky services inflation given robust domestic demand along with food shocks. In another divided decision, the Central Bank of Colombia kept its policy rate at 9.25% for the fourth consecutive meeting in October in a decision that reflected caution amid persistent inflation risks and the recovery of economic activity. Now, in the next slide, we present our main macro forecast for Colombia. On the top left-hand side, we display our GDP growth forecast for 2025 and 2026. Our scenario considers 2025 growth at 2.7% and 2.8% in 2026. Commerce and services continues to drive growth as the labor market outperforms. In contrast, investment dynamics remain weak. Record- high remittances are sustaining a narrow current account deficit and upbeat private consumption. Despite a widening trade deficit driven by higher imports, remittances have limited the widening of external imbalances. We see the current account deficit at 2.8% of GDP this year and 3.2% of GDP in 2026. We expect the exchange rate to end the year at COP 4,000 per dollar, mainly supported by elevated interest rate differentials with respect to the U.S. Regarding inflation, our scenario considers inflation to remain close to 5% on an annual basis through year-end, finishing the year at 5.2% and then edging down to 4.2% by the year-end of 2026. Amid persistent inflation, rising inflation expectations, and lingering pressure on the fiscal accounts, monetary policy caution remains essential. We only expect rate cuts to resume in the second half of 2026, with a 100 basis point cycle to 8.25%. Now, Emiliano Muratore, our CFO, will continue with the presentation. Good morning, Emiliano. Thank you, Andrés, and good morning, everyone. Before I begin, I would like to let you know that my voice in this presentation has been generated using artificial intelligence. Let me now turn to the key developments in client satisfaction, talent, and sustainability during the third quarter of 2025. At Itaú Chile, we continue to move forward in our commitment to being a more sustainable, transparent, and investor-oriented bank. This year, in the ALAS 20 ranking, which recognizes leadership in sustainability, responsible investment, and market communication across Latin America, we achieved significant progress in three key categories. Fourth place in responsible investment in our asset management company, up two positions from 2024. Fourth place in investor relations, up two positions from 2023, and Best Bank in the ranking. Fifth place in sustainability, up five positions from 2024. These results strengthen our position as one of the leading players in the region and reaffirm our ongoing efforts to consistently integrate ESG principles into our management and decision-making. Also, in the 2025 S&P Global CSA results, Itaú Chile ranked first among banks in the country, achieving 81 out of 100 points, our highest score since we began participating in this assessment, and the largest improvement in the industry, +11 points versus 2024, rising from fifth place in 2018 to leadership in 2025. This milestone reflects our strong commitment to sustainability and best practices, reinforcing Itaú Chile's leadership, not only locally, but also globally. At Itaú Chile, client satisfaction is at the heart of our vision, driving us to deliver innovative technology, top-tier service, and global coverage with liquidity and expertise that set us apart. In this line, we are proud to share that Itaú has been recognized for the second consecutive year as the Best Bank in Foreign Exchange by Global Finance Magazine. This recognition highlights our commitment to excellence in FX services and our ability to meet our clients' complex needs in an ever-changing market. In addition, we are proud to share that we were once again acknowledged as the Most Recommended Bank for Customer Loyalty and Satisfaction, this time by Alco Consultores and ESE Business School. This recognition reaffirms our commitment to providing exceptional client experience fully aligned with our strategic focus on strengthening customer relationships. Another key pillar of our strategy is our people and culture. This year, we climbed five positions in the 2025 Merco Talent Ranking, reaching 11th place, a significant improvement from 26th in 2023 and 16th in 2024. This recognition reflects the strength of our culture, our positive work environment, and the collective commitment that make Itaú Chile an increasingly attractive place to work. In addition, we were honored for the fourth time with the Great Place to Work certification, recognizing us as one of the best workplaces in Chile. Turning to our financial advisories and deal activity in the third quarter of 2025, we maintained strong performance across M&A, corporate finance, and debt capital markets. During the third quarter, Itaú secured the top position in both local DCM and M&A by total transactions in Chile during 2025. This achievement reflects the confidence our clients place in us and the strength of our corporate and investment banking franchise. By leveraging the Group's regional presence and global platform, we're able to originate and execute cross-border transactions with scale, agility, and efficiency. We are proud to announce that Extel recognized Itaú with the second-best equity research team in Chile for a second year in a row, and Best Bank in Macroeconomic Analysis and Equity Research Team in Latin America. This accomplishment demonstrates our dedication and commitment to the in-depth analysis of equities and the stock market, helping our clients make well-informed investment decisions. Turning now to the next slide. In September 2025, Banco Itaú Chile introduced Avenue, a new platform exclusive to our clients, enabling them to invest digitally, directly, and securely in global markets. Developed in partnership with Itaú Unibanco, Avenue combines cutting-edge technology with the strength and credibility of Itaú, delivering a seamless and accessible global investment experience. Through a 100% digital interface, clients can operate directly in U.S. dollars and access a wide range of international financial instruments, including stocks, ETFs, bonds, global funds, and derivatives. Starting from just $5, the platform offers competitive pricing and agility, helping to reduce barriers that have traditionally limited access to global investments in Chile. Avenue transformed international investing in Brazil and now arrives in Chile as part of Itaú's long-term strategy to lead the digital transformation of the financial ecosystem. This initiative reinforces our commitment to delivering innovative, simple, and client-centered solutions that address the growing demand for autonomy and diversification. Now, let's turn to the next slide to have an overview of our loans. As of the third quarter of 2025, total loans across the Chilean banking system rose 5.3% year-on-year in nominal terms. Across segments, we observed broad-based growth in both retail and commercial portfolios. Consumer loans expanded by 6.7%, while mortgage lending increased by 5.5%. On the commercial side, loans grew by 4.8%, showing early signs of recovery after a sluggish first half of the year. In this context, mortgage lending maintained solid momentum throughout the year, supported by more stable financial conditions and government subsidies aimed at stimulating activity. Consumer loans also continued their positive trend, driven by lower interest rates and higher growth across retail banks. Meanwhile, commercial credit has shown a stronger performance, gaining momentum after a weaker first half of the year, which had a recorded decrease in real terms, reflecting increased demand for corporate loans. Next, we focus on Itaú Chile's performance under these market conditions. Over the past 12 months, our total loan portfolio expanded by 2.9%. After a slow start to the year, growth accelerated in the third quarter, reaching 2.3%, outpacing the industry and marking the strongest performance among our peers. By segment, our mortgage portfolio remained the main driver of loan growth, posting an 8.0% year-over-year increase, well above the industry average of 5.5%. On a quarterly basis, mortgage loans grew 1.9%, outperforming the industry's 1.1% and ranking first among peers in terms of growth. This performance is partly explained by our active participation in the FOGAES program. As of the end of September, we ranked as the third-largest bank in terms of both allocated program rights and financing provided to clients. To date, we have granted nearly UF 5 million in financing through approximately 1,800 operations, further reinforcing our strong presence in this segment. We expect to maintain an active participation in the program, which will continue to support growth in this portfolio. Regarding our consumer loan portfolio, we recorded a 0.3% year-over-year decline and a 1.3% decrease quarter-on-quarter. This contraction reflects the strategy implemented throughout 2025, focused on portfolio selectivity, prioritizing growth like in new money while containing the expansion of refinanced and renegotiated loans. In this context, we continue to see high single-digit growth in new money alongside a sustained decrease in both refinance and renegotiated portfolios. Finally, regarding our commercial portfolio, loans increased 0.7% year-over-year. After a first half marked by negative nominal growth, we began to observe a positive trend from July onward, supported by a gradual recovery in credit demand. On a quarterly basis, commercial lending grew 3.3% in nominal terms, outperforming the market and delivering the strongest results both among our peers, while regaining market share in the segment. All in all, we delivered a strong third quarter in terms of loan growth, continuing to outperform the market in the mortgage segment, maintaining a selective approach in consumer lending, and regaining market share on the commercial side. Moving on to funding and assets under management. During the third quarter, demand deposits maintained solid performance, reflecting our ongoing strategy to strengthen wealth and client relationships. Itaú Chile recorded a 12-month growth of 4.4%, closely aligned with the peer group's 4.5% and slightly below the industry's 7.0% increase. On a quarterly basis, Itaú recorded 4.0% growth, the highest among its peers, reaching a 6.2% market share. In terms of portfolio composition, individual demand deposits grew 5.6%, outpacing the industry's 4.2% and marking the second strongest growth among peers. Corporate demand deposits, meanwhile, recorded a 12-month increase of 3.1% compared with 5.0% growth for the industry in this segment. In terms of time deposits, we posted a 7.1% decline over the past 12 months compared to a 1.2% increase for the industry. This drop mainly reflects lower customer appetite amid declining interest rates, a trend observed both across the system and consistently throughout the year. Moving to assets under management, we achieved a 19.4% year-over-year increase, surpassing the industry's 17.9% growth. This solid performance enabled us to strengthen our position in AUM, reaching a 5.6% market share, up 8 basis points over the past three months. These results demonstrate that our efforts to strengthen client relationships and deliver high-quality financial solutions are generating tangible outcomes, driven by the successful execution of our priority initiatives. In October 2025, ICR Chile upgraded Itaú Chile's long-term credit rating to AAA, the highest rating on its scale. This recognition reflects our solid financial fundamentals, strong risk management, and strategic positioning within the Chilean financial system. This upgrade, together with the one granted by Feller Rate in March, places Itaú Chile among the institutions with the highest credit rating in the country, further strengthening our solid financial position. According to ICR, the decision was driven by consistent improvements in asset quality, profitability, solvency, funding, and liquidity, along with the institutional strength provided by Itaú Unibanco. The agency also highlighted our systemic relevance, robust governance, and sustained financial performance. This double upgrade underscores our prudent financial management and the successful execution of our strategic plan, which continues to enhance efficiency, digitalization, and client experience. On the next slide, you can see a summary of our key consolidated results for the quarter. Our consolidated loan portfolio totaled CLP 28.5 trillion, representing a 4.6% increase year-over-year. In Chile, the portfolio reached CLP 23.5 trillion, up 2.9% compared to third quarter 2024. This performance reflects a more dynamic and active market environment during the period. Our consolidated financial margin with clients reached CLP 328.5 billion, down 2.2% year-over-year. Commissions and fees totaled CLP 49.1 billion, showing a stable performance compared to third quarter 2024, mainly affected by the seasonal impacts in financial advisory activity. The consolidated cost of credit totaled CLP 83.8 billion, showing a relevant decrease compared to third quarter 2024, mainly explained by the performance of our Chilean operation. As a result of our strong quarterly performance, consolidated recurring net income reached CLP 110.4 billion, up 21.1% year-over-year. This improvement reflects the positive outcomes across our businesses and translated into a return on tangible equity of 12.0% at the consolidated level and 14.5% in Chile, placing us at the upper end of our 2025 guidance range. Moving to the next slide, our financial margin with clients showed a slight decline during the quarter. Down 1.2% quarter-over-quarter and 0.6% year-over-year, reaching a 3.6% rate. This represents a 12 basis point decrease compared to the same period last year. This quarter's decrease was mainly driven by narrower spreads resulting from the natural repricing of our portfolio. However, this impact was partially offset by higher commercial dynamism and accrual days, in addition to stronger client activity in FX and derivatives. Consistent with the bank's strategy to strengthen a client-centric treasury platform aimed at enhancing the quality and consistency of solutions delivered to our clients. On a year-over-year basis, the decrease was also driven by narrower spreads and lower activity in the consumer segment, reflecting a decline in the share of refinanced and re-negotiated loans. This effect was partly offset by higher commercial dynamism and a stronger client activity in FX and derivatives, which continued to support overall margin performance. On the next slide, we take a closer look at our financial margin with the market, which posted the highest result seen in the last 12 months, reaching CLP 28.9 billion. This increase was mainly driven by stronger performance in trading with higher results in rates and FX management. These outcomes reflect the strength and structure of our trading division and are aligned, as mentioned before, with our broader strategy to develop a client-centric treasury platform aimed at enhancing the quality, stability, and consistency of solutions delivered to our clients while reducing volatility in this line of business. Turning to ALM, we also saw improved results supported by our active liability management, which included senior bond repurchases totaling UF 10.7 million in 2025 as part of our ongoing strategy to optimize the bank's maturity profile and funding structure. In addition, the rating upgrades achieved during 2025 are expected to continue having a positive impact on the bank's funding cost, supported by improved market access and lower financing spreads. This should provide an additional tailwind to the financial margin with the market, further reinforcing the positive trend observed during this quarter. Lastly, I'd like to highlight our low sensitivity to inflation, supported by the strong alignment between our funding and loan structures. This well-balanced position helps protect our results from inflationary fluctuations while allowing us to capture the positive effects of a rate cut. Turning to the next slide, commissions and fees declined 17.1% quarter-o ver- quarter, mainly due to lower financial advisory commissions, reflecting seasonal effects and a strong comparative base in the second quarter. It's worth noting that year-to-date advisory fee income increased 4.6% in 2025, supported by the continued development of our regional platform for clients. These effects were partially offset by higher commissions related to assets under management, which rose 5.4% compared to the second quarter, consistent with the positive trend observed in prior periods. As shown in the bottom left chart, assets under management grew 19.4% year-over-year, underscoring the strength and value of our advisory and investment platforms. Despite the quarterly decrease, as illustrated in the top right chart, commissions and fees has recorded strong year-to-date growth of 14.6%, surpassing the growth target established at the start of the year. These results demonstrate the effectiveness of our principal strategy and our commitment to providing differentiated value-added solutions to our clients. In the following slide, we can see that our cost of credit decreased by 7.0% quarter-over-quarter. This reduction was mainly driven by lower provisioning levels, particularly in the consumer segment, reflecting improved portfolio quality, along with higher recoveries from written-off loans, which have continued their upward trend throughout 2025. These results allowed us to close the third quarter with a cost of credit rate of 1.0% positioned at the lower end of our full year guidance range. The solid year-to-date performance reflect lower delinquency levels across all portfolio segments and consistent progress in managing renegotiated and refinanced loans, a trend that has remained steady throughout the year. These factors have contributed to maintaining a healthy credit risk profile and reinforcing the overall quality of our portfolio. Looking at non-performing loans, we recorded an 8 basis points decrease compared to the previous quarter, driven by improved performance across all segments. On an annual basis, NPLs declined by 11 basis points, mainly explained by stronger results in the commercial and consumer segments. This robust portfolio performance allowed us to maintain our coverage ratio at similar levels to the previous quarter, consistent with the decline in both loan loss provisions and non-performing loans. Overall, these trends highlight the steady improvement in our credit portfolio over the past year. Compared with our peers, Itaú Chile achieved the strongest reduction in the cost of credit rate, down 32 basis points in the last 12 months, driven by a significant decrease in provisions and the continued strengthening of portfolio quality. In the next slide, we present our non-interest expenses for the quarter, which declined 0.6% quarter-over-quarter and increased 4.6% year-over-year. On a quarterly basis and with a strong focus on cost efficiency, we achieved a 1.0% reduction in personnel costs, mainly due to lower severance payments during the period. Administrative costs also fell 1.4% compared to the previous quarter, driven by lower marketing expenses and reduced operational losses and net of recoveries. Year-over-year, personnel expenses increased by 3.8%, remaining below the inflation rate for the period. Administrative expenses grew 5.2%, mainly driven by higher investments in technology, operations, and marketing. Consistent with our ongoing brand positioning efforts, the bank's strict cost discipline and the quarterly improvement in operating income resulted in the best efficiency level over the past 12 months, with an efficiency ratio of 41.3%, representing a 2.3 percentage point improvement from the previous quarter. Turning to slide 18, let's take a look at our operation in Colombia. Starting with operating revenues, the financial margin with the market delivered positive results for the second consecutive quarter. This improvement was supported by strong ALM performance in rates management and the favorable impact of lower monetary policy rates, which reduced funding costs along with stable self-funding levels during the period. Our transformation plan continues to advance steadily. As shown in the graph, during the third quarter, we reduced headcount in the country by 2.1% and continued the optimization of our branch network. These initiatives align with our strategy to strengthen with the corporate and affluent retail segments, while gradually reducing our presence in the non-affluent retail segment. The goal is to enhance efficiency, accelerate digitalization, and optimize resource allocation across the business. This strategy is already delivering positive results in terms of recurring efficiency levels. We closed the quarter at 67.7%, supported by a 2.6% reduction in non-interest expenses, extending the positive trend observed over the past two quarters. The stable performance in terms of operating income and decrease in terms of non-interest expenses were offset by a higher cost of credit during the quarter. This 27% increase is explained mainly by a higher comparative base of recoveries registered during the second quarter, in addition to specific rating adjustments in the corporate segment, leading to higher provisioning. Overall, the bank posted a return on equity of 1.2% for the quarter, consolidating six consecutive quarters of positive bottom line. Now, let's move on to the next slide to discuss Itaú's capital. With a strong focus on capital management, financial discipline, and risk mitigation, we have consolidated a highly competitive position in terms of capital adequacy, enabling us to grow efficiently. For instance, over the past 12 months, our consolidated loan portfolio increased by 4.6%, while our risk-weighted assets decreased by 2.7%, a clear reflection of our ability to achieve efficient growth. We have also maintained a consistent trend of robust capital generation. As shown in the chart, our CET1 fully loaded ratio increased by 140 basis points over the last year, compared to an increase of only 20 basis points among our peers' median. This represents seven times the level of capital generation, positioning Itaú as the leader in capital generation within its peer group. Moreover, our liquidity indicators have consistently exceeded regulatory requirements, reinforcing our position as one of the strongest players in the industry. Collectively, these metrics underscore our commitment to sustainable growth, prudent balance sheet management, and enduring financial strength. Moving on to the next slide, let's review our updated 2025 guidance. After a slower first half, we saw a rebound in loan growth during the third quarter, achieving the strongest growth among our peers. We continue to expect loan expansion broadly in line with the market for 2025, consistent with the momentum observed toward year-end. For the financial margin with clients, we anticipate a stable performance for the remainder of the year, consistent with the trend seen throughout 2025. In commissions and fees, we revised our year-end guidance from between 5% and 10% to between 10% and 15%, supported by the successful execution of our commercial initiatives launched last year. This improvement reflects our enhanced focus on the credit card business, the expansion of transactional products, and higher revenues from asset management. On the cost of credit, we adjusted our guidance from between 1.0% and 1.2% to close to 1.1%, driven by the solid performance and high quality of our loan portfolio, as well as healthy credit behavior across segments. In terms of RoTE, we have revised our guidance from between 13% and 15% to close to 14%, reflecting the profitability achieved throughout the year and the outlook for the remainder of 2025. Finally, non-interest expenses continue to evolve in line with our full year projections, reaffirming the consistency of our disciplined cost management. To conclude, we are pleased to announce the launch of our new Investor Relations website, featuring an enhanced look and feel, and fully aligned with Itaú Unibanco's corporate site. We invite you to visit the page and explore its new features and improved navigation experience. With that, we conclude the presentation that we have for you today. Thank you for your attention and continued trust in Itaú Chile. We will now gladly take any questions that you might have. To ask questions on audio, click on Raise Hand and state your name and company. You will then receive a request to activate your microphone. Please activate your microphone to ask the questions. To ask questions in writing, just queue the question in the Q&A button. Please be aware that your company's name should be visible for your question to be taken. Our first question comes from Yuri Fernandes with JP Morgan. You can open your microphone. Thank you. Good morning, everyone. Hi, André, Emiliano, Matías. I have a first one regarding dividends. Emiliano mentioned several times about how happy you are about capital generation, your capital ratios. On your guidance, I think you just revised to calling for maybe a more lackluster growth for 2025. Basically, there is limited need for capital for organic growth, at least in the short term. My question is regarding payouts, right? If you can remind us about your current policy, if you could increase dividend payout or not, what do you need to see to feel more comfortable with payouts, and what is the minimum capital ratio that the company is working with? My second question is regarding your financial margin with market. I think both countries were good, but maybe my question is more related to Chile. We saw a very good NII from last quarter. And I get it was asset liability management. You had the bond repurchase. My question is, what is the sustainable level? Because this was a very big jump on that line this quarter. I would like to understand how much of that is only more trading services to clients, asset liability management, and how much was the bond repurchase. Because maybe I don't know if that level is sustainable or not, the CLP 28 billion that we saw this quarter. Thank you very much. Hello? Hello, Yuri. Can you hear me? Yes, I can. Hello. Thank you for your question, Yuri. First, regarding capital and dividend as well, you saw the numbers. I mean, our capital discipline is producing results. Now we have increased our CET1 ratio significantly. Regarding loan growth, even though the year-over-year figures are still slightly below guidance, when you look at the speed of the loan growth during the quarter, you can see that we are keeping up now and catching up to the market in commercials and mortgages and consumer. We still expect loan growth for next year to be around nominal GDP or slightly higher. We'll have some capital consumption and usage from the loan growth, which is also good for revenue going forward. In terms of the dividend policy, as of now, we have been paying 30%, which is the legal minimum payout here in Chile. We are basically in the capital planning process at the bank takes effect during the last part of the year. We are in that early stage of that discussion now. As you can see, we are above our peers, and we don't think that we need to build additional capital for where we are now. Basically, the payout will be a decision of factoring in the loan growth going forward and the starting point for the ratio. That's going to be a proposal from the board to the AGM that will take effect in March, April next year. You'll have some more information maybe by the next quarterly call where the capital planning process for the bank is going to be finished. We have some room for capital deployment, either by growth or even by dividends, and that's a decision that will be made in the coming weeks and months. You'll know it by the invite for the next year AGM. Regarding financial margin with the market, yes, it was a very strong quarter, basically the highest for the last year and a half. There were some positive impact from liability management, but it's true that our treasury business, our market business has been moving into a very client-oriented strategy. There are some underlying strength that we think we can keep up for the future. The CLP 25 billion or CLP 29 billion a quarter, definitely we don't see it as sustainable. We expect to be more in the CLP 15 billion-CLP 20 billion sustainable level of revenues from the treasury business, with some ups and downs depending first on market volatility and some liability management opportunities that we might capture. Even with that kind of mean reversion that you can expect going forward, that's a significant upside from where we were the last four to six quarters. No problem. Thank you very much. Just on dividends, just to help us understand here, and I know you're gonna announce if you change anything officially by March, so we should not expect. Help me just to understand if I'm thinking this correctly, right? Your loans should be 5%-6% next year. Your ROEs are running in Chile around 14%. You can pay over 50%, right, in this basically formula, right? Like, if you keep growing loans less than half of your ROE, for you not consume capital, maybe, you know, over 50%, it's still a good number, right, for payout potentially. Yeah. I mean, remember that in capital terms, I mean, the consolidated view is what matters, so you have to factor in the operation in Colombia for profitability and also for loan growth. If you do that kind of simple math of risk-weighted assets growing in the 5%-7% area and a ROE in the consolidated view, let's say around 12%, yeah, i f we pay only 30%, we would be within the ratio, which will be only in the case of having more demand for credit going forward. If not, there is some upside trend for payout going forward. Oh, super clear. Thank you very much. Our next question comes from Daniel Mora with Credicorp Capital. You can open your microphone. Hi, good morning, and thank you for the presentation. Congratulations for the results. I have just a couple of questions. The first one is regarding the net profit and ROE in Chile. I would like to understand how sustainable are these results considering that you just achieved a return of average tangible equity above 14%, but also considering the positive, I mean, financial margin with the market, and also the positive financial advisory fees during the year. I would like to know if we consider or if we factor in a normalization of the financial margin with the market and these advisory fees. I would like to understand what will be the drivers to maintain our ROE or tangible equity return above 14% in Chile. That would be my first question. The second one is regarding loan growth. I would like to understand if you could provide more color on the drivers of the acceleration of loan growth in the third quarter, and if you expect to close the gap with the industry pace of growth and how long it will take you to grow similar to the industry level. Thank you so much. Hi, it's André Gailey. Two points. When we exclude, I don't know if you remember in the last quarter I mentioned that we, due to our portfolio management models, were not increasing in a certain sector, but we were increasing in all the other commercial sectors. When we exclude this specific sector that we are over-concentrated, we are already growing in line with the market. Now that we have already stabilized our portfolio and we look forward, we are able to grow in line with the market, a little bit higher than the market for the last quarter, we imagine, and in line with the market or a little bit very close to the market for the year- end. That's what we are looking at. When we talk about ROEs, we see the Chile operation within 13%-15% ROTE. We believe this is the sustainable rate. The overall consolidated ROTE will depend mainly on how our Colombian operation performs in the next years. Our next question comes from Alonso Aramburu with BTG. You can open your microphone. Yes. Hi, good morning, and thank you for the call. I wanted to ask about the asset quality trends in Colombia. We're seeing this increase in NPLs in the corporate segments for the past few quarters. Just wondering if you can give us some color as to if you're seeing an inflection point in that trend, and what kind of cost of risk should we expect for Colombia over the next few quarters and in 2026. Thank you. We mainly see an unstable NPL for Colombia. What we see is some variance in our recovery. That's what's create a little bit of volatility in our cost of credit for Colombia. We see the portfolio performing steadily. We don't see reasons for any major change in either way, but we see some volatility quarter to quarter depending on our specific recoveries in the corporate segment. Okay, I see. I'm thinking about the profitability overall of Colombia. You've had this ROE around the low single digits. Do you expect that to increase in 2026, maybe to the mid-single digits? No, nowadays we are performing low- single digits, but we have an efficient plan and focusing our operation in affluent segment and the corporate segment. We believe that within one to two years, that will take our ROE of Colombia to higher- single digits. Okay. Thank you very much. Next question from David Lefkovits with Sumitomo Mitsui Banking Corporation. You can open your microphone. Sir David Lefkovits, you can open your microphone, please. I believe he's having- Okay, sorry. You can hear me now? There you go. Yes. Yes. Great. This question perhaps overlaps a bit with the previous one. Just taking note of the contrast between the profitability metrics in Chile versus the operation in Colombia, I would like to know how the Colombian operation fits strategically within the group. What is the longer- term outlook or objective for performance in Colombia? We believe Colombia is a corporate operation, has a regional flavor. We are able, by providing a Latin American solution to the major clients in Colombia, to provide a differentiated service and to grow our portfolio in not only loans but in services and cross-sell in general. That our wholesale operation there, hence, is profitable and synergistic with the presence of Itaú in the region. For the retail operation, we believe that a niche operation focused on affluent clients and with the digital footprint is the strategy going forward, which are much lighter efficiency ratio and based on the competitive advantage that we have by providing a different digital experiences to clients in other countries that we are present. This historically has a very different performance. Colombia has faced important macroeconomic challenge. Building this strategic positioning will demand investments in the next two years at least. Once we have repositioned the operation, it can over time reach its a return closer to its cost of capital. Thank you. Our next question comes from Tomás Sapag, with BNP Paribas Cardif. Could you elaborate on the key factors driving this underperformance relative to the industry? What specific actions management is taking to narrow the gap, if there is any? Thank you, Tomás, for your question. I mean, regarding loan growth, we have, like, two very different stories. As you can see, the first half of the year, we had some slower growth in corporate loans than the system. The second and third quarter, we are catching up and growing above the market. In mortgages, we are still growing market share. We are one of the leading banks in originating mortgages. When you look for the consumer portfolio, it's very important to break down what we call the new money, that is basically new loans originated to the clients we want to, and that's growing at or above markets at around 7%-8%. When you look at the overall growth for consumer, it looks kind of flattish or slightly falling, but that's because we are reducing the restructured and refinanced part of the portfolio. At the end, we are improving the overall quality of the consumer portfolio. You can also see that in our net of risk margins, where even though the spread before risk in the consumer portfolio is flattish or slightly falling, when you factor in the cost of risk of the portfolio, the net margin is doing really well. To the, let's say, underlying or to the bottom of your question, I mean, we expect to grow at or above the market in the future because the consumer portfolio, this effect of the restructure and refinance falling basically has a kind of floor that it won't fall forever. When that's, we are kind of reaching the bottom part of that process. With that, we'll see the overall growth more in line with the new money, and that is at the 6%-7% growth. I think that your question has a bit of the effect of the first half, but the story in the second half and when the consumer portfolio stabilize, we'll see growth in line with the market. Thank you. Our next question comes from Ignacio Llanos with Empresas Penta. Are you considering a stock buybacks as a way to increase the payout to shareholders? Hello, Ignacio. Thank you for your question. I mean, yeah, I mean, buyback is one of the tools that the board and the AGM has to manage capital among dividends, loan growth, and the other. All the alternatives are, let's say, being discussed or considered, and it will depend on the, let's say, the feasibility of execution, the business plan for the bank. We are kind of agnostic to the tool. It's more a decision on the business plan, the capital plan going forward. Buybacks is one of the tools that the board and the AGM have for capital management. Thank you. Our next question comes from Ewald Stark with BICE. Please go ahead, sir. Hi. Thanks for taking my question. I wanted to delve a little deeper in Colombia. You said earlier that you expect to achieve a ROE equivalent to the cost of capital. Could you provide, please, a reasonable timeline in which you expect to achieve that level of profitability? Also, what will be the main levers, such as gaining market share? What are the main levers to monitor that eventually will lead to higher profitability in Colombia? Thanks. Well, there were two different questions. The first one was about how we expect the ROE to evolve in Colombia. What I answered was that within the next two years, I expect the ROE to come from low single digits to high single digits. There was a second question that was what is the strategic fit of Colombia to the bank. The answer was that we believe that over time, growing our corporate business and focusing our retail business, bringing efficiencies and having a more digitalized operation will allow us to, over time, we don't have a timeframe for that, to be able to reach a returns closer to our cost of equity. That's the best information we have at the moment. Thanks. Thank you. This concludes the question- and- answer section and today's presentation. Thank you. You may disconnect and have a nice day.