Prokop, Investor Relations. I would like to welcome all of you to this results conference after the first quarter 2023. As always, during our conferences, the first part will consist of our results and major trends behind those results, this will be presented by Grzegorz Olszewski, EVP of the Board; Radomir Gibała, VP of the Board, CFO; as well as Tomasz Miklas, VP, CRO. The second part will discuss, or will be devoted to Q&A. Before I give the floor to the first speaker, I would like to remind you that you can ask your questions already during the presentation. Thanks to some of your questions that you post, we'll be able to smoothly go into Q&A. Use the chat. Grzegorz, over to you. Dziękuję, Dominik. Dzień dobry Państwu. Witam serdecznie na podsumowaniu wyników za pierwszy kwartał. Wyniki pewnie są państwu już znane. Najbardziej skoncentruję się w tej części na tym, co możemy zauważyć. Wzrosły dochody odsetkowe. Widzimy, że realizujemy, jak to było zapowiadane przez naszą strategię, że staramy się to tak wpływało na wyniki w przyszłości. Do odnawialnych źródeł energii. Głównie odskocznią, jakie był. Dochodowość, jeżeli chodzi o wakacje kredytowe, oczywiście też zależała od nas. To partia kredytowa rosła w związku z otworzeniem tej rezerwy. Wydaje się, że wyczerpywać ten potencjał. Oczywiście te wakacje też już stosunkowo trwają już długo, więc oczywiście z tym procesem już się mogą zmierzyć. Nie sądu, że według nas ten szacunek będzie odpowiadać temu, co rzeczywiście spodziewamy się, jeżeli chodzi o wyniki. Poza wynikiem odsetkowym, który, jak mówię, wzrasta w zestawieniu 100%. Zwracam również uwagę na rentowność, która wzrasta w stosunku do roku o 9%. My w naszej strategii będziemy koncentrować się właśnie na rozwoju naszej sieci, ale też również przyłożymy bardzo duży nacisk do wyniku operacyjnego, tak żeby zwiększyć właśnie, częściej płacili nasi klienci, częściej korzystali z naszych usług, z naszego BLIKu do płatności, ale również wykorzystywania również jakichś krótkoterminowych źródeł finansowania, również tak, żeby ta rentowność była większa. Przechodząc do wskaźnika, to rzeczywiście od wielu kwartałów staramy się pokazywać, że za tym strategicznym jest poprawa jakości aktywów. To właśnie się w tym banku. To skutecznie realizujemy. NPL 9.8 to bardzo dobry wynik. Oczywiście w ramach naszej strategii założyliśmy, że będzie niższe. Warto też uwagę, że jeśli chodzi o rentowność, to w trakcie tej części spokojnie przejdziemy do sesji Q&A. Dobry wynik od nas. Będziemy aktywnie pracować nad tym, żeby ten wskaźnik odpowiednio się kształtował. Tak, wiem. Wyniki się kształtują bardzo dobrze. Our costs are well under control. ROE, very high when you look at it. Indeed, if we generate good results, our capital base will be, of course, better and better. We'll continue to maintain our indicators, equity-related indicators under control. Hopefully, this year will be even better than the previous ones. The results that we are presenting to you today are absolutely necessary in the sense that the sector, this bank, generating good results, this is absolutely key for the banking sector, so that our economic growth can sort of go back. We can go back on the path of economic growth, thanks to different sectors, including the banking sector. Thanks to the energy transformation in this country. It's very good to see stable profits, stable results, because now we can use this period to enhance, strengthen the health of the banking sector. Alior Bank does not have a Swiss Franc-denominated loan portfolio, which for us is an opportunity. We can offer extended lending. Our performing loans, despite from pressure coming from interest rates, we've managed to maintain it at the same level. Further on, I will show you the volume of our non-performing loans. Actually, this indicator has fallen, which is really important from the point of view of the quality of our portfolio. When it comes to our results, in the business customer segments, very good results. We are supporting businesses. We deliver funding quicker, we curb credit risk, and we've become more competitive. Our sales channels are getting better and better, and we are very selective when it comes to larger loans, so that we can have our share in consortium kind of funding wherever we feel it makes sense from the point of view of our ROE. When it comes to NPL, not only in the retail sector, we have been, of course, trying to lower NPL in the retail sector for years in terms of business customers, in terms of the enterprise sector. It's not that easy to lower NPL, but we've managed to go a long way, thanks to our Risk department and of course, everyone on the business side, because they've been building, actively building a good quality portfolio. It makes sense to know that we have a good standing among developers. We are number two, according to the Polish Association of Real Estate Developers, for swift decision time, for good customer service. It seems that even though there have been some difficulties and people have been less interested in buying residential units, or they simply couldn't get a loan, they've postponed their residential needs. These needs have been accumulating, and I would say the interest is going to pick up in the coming quarters. Now let's move on to some numbers. Let's look at credit limits for SMEs. Year-on-year, we've posted growth of nearly 60%. Asset balance over 10% when it comes to the Micro segment. In the Micro-Businesses segment, we have not been as aggressive due to the economic downturn always hitting micro-businesses first. We were very careful in Q1. We mostly focused on rebuilding our volumes, and we managed to do that successfully. When the economic situation improves, when cost pressure lets up a little bit, I believe that the Micro-Enterprises segment will continue to be attractive for us. We're not letting it go, of course. First of all, we're focusing on Small and Medium Enterprises to grow our decent volumes. When we look at our credit limits in regular service, we see very good dynamic. This transformation is really important for us, you know, creating a very good solid asset base and so that we can actually transfer or replicate what we've already done with retail customers in the enterprise sector. Of course, I think it's very important for you, when you look at our assets, to see a significant growth, in terms of assets in the business customer sector. It's always about quality, so we're very selective, and we're selling mostly to preferred industries, the industries based on which we want to build and grow our portfolio. All these factors actually bring us closer to building a versatile bank with a healthy portfolio. In order for this to happen, we of course need to better understand our customers. We need to get them to use our products more and more, because then it helps us curb our portfolio risk, and of course, it increases our commissions. Our approach, we've adjusted our approach recently. We have introduced some changes leading to better dynamic in customer relations in Q1 compared to Q1 last year. We will continue. For example, one of our services is called Bank Connect, and it illustrates very well how you can build good relations between the bank and its customers. We will continue in this vein. Let me also point out where this growth comes from. We are taking over some of the activities from our sales force, and we try to automate our customer service, and our bankers have more time to devote to customers who need that. We also automate risk-related processes, and now 20% more decisions are taken automatically in the Small and Medium Enterprise sector, and we will continue. We will keep it up in the coming quarters. We have secured funding. We have enough skills and competencies to take this technological leap in the business customer sector. We have been very active in actively acquiring new customers in our campaigns. We were pointing out the main benefits of our offer. We have a number of marketing campaigns going across many channels. We're promoting our services, products for enterprises and businesses, which is a big change of direction that brought us, partially at least, those great results. When it comes to Retail customers and the retail segment, really, what makes us very happy is the way we've been selling our consumer finance loans. The growth has been 30% year-on-year. When it comes to loan sales in remote channels, 50%, which is a very good indicator, which goes to show how actively we have been acquiring customers into our online banking and our mobile app. This is very important for us. Our growth is over 20%. Transactions, the number of transactions is growing. People are not just logging on for the sake of logging on, but they are actually performing various transactions, thus making the bank very healthy. Last week, we received an award from the world leaders in banking and insurance. We have been selected as the most innovative bank for last year, which makes us immensely happy. We owe it to many implementations. We were one of the first ones to implement innovative solutions, both in Retail and Business sectors. We have earned the image of a trendsetter. Now again, moving on to numbers, let me show you our perspective. Sale of mortgage loans, it's at quite a low level, and we're expecting that the second half. Well, after the new 2% interest rate loan, that will sort of boost the market and we'll see more volume. We'll be ready for that, of course. Our offer is ready. Of course, much will depend on all the formalities from the point of view of the Polish National Investment Bank, BGK. We'll be ready to roll out this loan, those mortgage loans very quickly because this is our opportunity. As I said, we are very selective. We're going for opportunities to build a nice asset base of Mortgage loans. Now let's talk about Cash loans. We have been working on remote channels. We will continue to work on our processes to improve our processes to be as much as possible omni-channel. Compared to Q1 last year, definitely our cash loan is on the rise, which of course, when we compare Q4 last year to Q1, we've seen, we managed to reverse the declining trend because in the last month, there was less demand in cash loans, for cash loans, but we're rebounding. Hopefully, together with our work on process efficiency, will lead to good sales. Of course, as always, we're interested in high quality of our portfolio. In sales of quarter rates, I think that's something you might be interested in. Why in the first quarter, we have sold less of those loans than in the previous quarters. It's very simple. We did not participate in this kind of price raise. We decided that from the perspective of profitability is pointless. We're of course focused on those more profitable areas like sales of Cash loans. We think that the market is going to normalize. If it comes to suppression, it will be still present, but not as much as in the first quarter of this year. Very important from the perspective of the durability of relation with the client, from the perspective of portfolio quality. We've got more and more clients with systematic payments. I would like to put your attention to the use of so-called VAS. Payments for highways. This is a growth of at least 60%. That shows us that this application is well perceived. The clients use VASs that we use. It's about 40% of growth. Growth of transfers about 40%. This is the increase of clients, about 40%. This is a good dynamics we want to keep up with. We have this growth well and developed from the perspective of the branches and the channels, as we're also educating the clients for the use of those. We have also focused on the compatibility, on the use of pre-approved products that will answer the interest of entrepreneurs. We'll be able to provide financing. We see that as a business chance, opportunity. That's what we focused on the, that was focused on in the first quarter. More like the, also like the self investment fund. It's among others, this Alior Fund, which is responsible and following the needs, which is a responsible fund from the perspective of investment strategy that it realizes. To acquire well results, very important is the place of work, building a modern working culture. That's. One of the key things is opening Alior University. Also, the aspect of sustainability, signing up the, concluding the agreement with Przemyśl that has strengthened the eastern side of Poland, which I think was a lot. Which was affected strongly by the war in the Ukraine. We want also to use the potential of universities, the regions, and to use proper educational programs to acquire talents to work in Alior Bank. This university is also the development of our workers, the reskilling, which is financed, but not by not many companies in Poland. This is a great opportunity for people who hasn't yet worked in the tech areas, using own resources of the people who know the bank, who can develop themselves in technological area. Modern workplace is also health. On our project, the female leaders of our banks who promote health among men and women because they're vital, because I'm sure that engaged workers who feel well in the working place are better financial results. If it comes to innovation, one of our key projects we focused on, and which we develop, there's a lot of talking about ChatGPT. We've got our own Info Nina, which efficiently leads next and next talks and tries to solve the problems of our clients. In connection with mobile banking, telephone contact is very important for our customers. Clients who use our mobile app, who have any question about our bank, the most frequent channel was the telephone contact. There's a possibility for shortening these talks by automatizing them. We try to do this, and we also try to grow the assets or making time of waiting longer. We don't want to do this because that's worse for our clients. We've got our Info Nina, which we will develop further. The innovation area is we work on the service levels for this short service among the individual clients. In the second part of the year, this perspective from our side will be implemented mostly based on the Alior Pay, which we are about to share for everyone in the next half of the year. To those who do not yet have a relation with an Alior Bank. Commission results also shows a high quality of exchange. When it comes to the broker balance, we've had a second place. We moved from the ninth place. A lot of awards in the first quarter. This is of course due to hard work of all the Alior workers. Now, slowly coming to an end. We put a lot of pressure on Gaming. That's what makes us one of the best-known bank among the young people. That's because we are in gaming, we use modern ways of communication, and we reach this group. We still continue our participation in key gaming events to make the young clients aware of our presence, which will surely affect our long-term relation with clients. Very well results, a dynamic upward trend if it comes to the cash loans with a higher profitability than the rate loans. We still lead consequent risk policy. Thank you very much. Our actions made that in the first quarter, and after the first quarter, we can again say that our results were very good. If it comes to the capital area, 14.26%, 561 points over the denomination levels. TCR factor 15.36%, 407 points. So it gives us PLN 2.2 billion over those minimums. This short-term factor 109%, long-term factor 135%. If it comes to the cost of risk of Alior Bank in the first quarter, core of group 161 and a similar level from the previous level 157. We also communicated with the guidance level of 9% with a perspective materialization of such, of such risks. We do not see those risks to materialize. Our bank shows a lot of resilience for the current situation in the market. I think those risks may occur in this year, but we look optimistically into the future if the situation won't change. At the next publication, we'll be ready to update our guidance. Consequently, we reduce 9.6% at the end of the first quarter by 400 points in a perspective of two years. We are not about to change our perspective here. We want to reduce this factor as much as is possible. As we look in the certain factors and certain areas, in each quarter, there was a certain growth from the perspective of business client by 300 base points from the last year. As you can see, in every quarter, there is an upward trend with a great 5.5% if it comes to the NPL level. There is an improvement situation by 6% from the last year. In total, we grew 3.65%, also in the business lines, on the same levels. Cost of risk in each quarter, 161 in this quarter, 157 in the previous quarter. As you can see, after a certain growth in the half of last year, since the three quarters, despite the situation is very complicated and definitely not macroeconomic, we can see the stabilization and these levels are very good. In the sector of individual client, we can see by a certain growth in the half of last year, we can see even the better situation. In the segment of business client, very good results, basing on our result, historic results. Summing up, if it comes to the risk profile of Alior Bank, we've got very strong and getting better capital situation. Consequently, upgrade the situation of risk from quarter to quarter. That's everything from me. Thank you very much. Radomir, I pass to you. Good morning, ladies and gentlemen, some key information we have here. A few comments from me, starting from the balance of profit and loss. Net result PLN 306 million for the first quarter of 2023. After correcting which we decided to implement because of the credit moratorium, that would be PLN 375 million. After that, correction, it is PLN 11 million gross. It goes with a stable level of notifying of the credit moratorium. In our opinion, that should exceed this reserve for this year. If it comes to this correction, as we observed this tempo that hasn't been less, but has kept on the same level, I think we succeeded. If it comes to the result, as you can see in this factor part of the table, as Grzegorz already mentioned, very good revenue on a capital level realized if it comes to the capitals that we already have for the 31st of March. As it was already mentioned, we still want to build a base to, versus our aim in a strategical perspective, which is about 13%. We should expect that in a perspective of the whole year, there won't be such a big growth. I think that + 13% or more than the capital costs right now, we think, of course, ceteris, as we keep the market environment in this formula where we have right now, I think this is the aim which is surely to be achieved. As I mentioned, there's some basic amounts in the PLN that are on the next slides. I will move forward. Starting from the, as you can see in the left up corner. Revenue has been stabilizing, as we have already indicated. Our assets and interest on our assets is being re-estimated, and we have noticed some stabilization. For two, three quarters, we have been repeating that net interest margin has been plateauing. Right now, it's 5.86%. I would like to focus for a little bit on what's even more significant because it shapes the future, namely cost of funding and interest income. Between the first and the second quarter, look at the dotted line, there was a very quick trajectory of increased rate hikes. Between the first and the second quarter, there was a little bit of a turbulence, and then in the coming quarters, situation has been stabilizing. Again, we're cautious. We are optimistic in giving you this message, namely, interest rates when it comes to deposits and acquiring funds from customers. When we're talking about interest rates, they have been stabilized or may even be declining. That's factor number one that is making us optimistic. Secondly, there is the hedging effect. The IRS portfolio has been, let's say, subject to amortization, will not feel the negative effects of it. Thirdly, we've been seeing migration, customers migrating from current accounts to deposits. In our case, it's around 30%. It's, the market forces are still in play. We will see what comes out. There is a less the growth of the increase of cost of funding is not as dynamic. Well, when it comes to our cost of funding, it's at a very high level. I would say we have reached its peak, so we expect that it would be remaining more or less on the same level for the quarters to come. When it comes to loans to deposits or loan to deposit is, well, over 80%. This is good news. Just like my colleague Grzegorz said, generally, the loan market, the credit market is plateaued. For us, it's a good result that 80% of our deposits are actually working in the form of loans. So again, looking further into our results, commissions and fees, we are happy to see this year-on-year, quarter-to-quarter. Year-on-year, it's one-digit growth, 9%, which is mostly driven by better results of FX transactions, 23%. The rest of this result is also resulting from seasonality. I would say in other segments, the situation is similar, the same, except for maybe brokerage commissions. We see some moves made by our competitors. We're also looking at our chart of fees and commissions and trying to look for balance between competitiveness and, of course, our desire to influence our costs. Moving on, costs. As we have mentioned before, we have been sticking to our guidance, namely average annual inflation rate. Of course, there was a one-off extraordinary reserve or provision towards the Bank Guarantee Fund and a restructuring fund, PLN 57.5 million. It's a provision for now, and we're expecting a similar amount, and you will see that in the quarter for the first half of this year. When it comes to some additional, some additional data, definitely wages are growing, so the cost of wages is growing 9% year-on-year. It seems that it's very much on trend. This is what we see all around. All the other costs that we're talking about here, of course, are logistical costs, building infrastructure, maintenance costs, of course, higher utility bills, higher prices of security services, and of course, costs of marketing or IT have been growing as well. Let me just give you a small adjustment, especially that not all the costs have been, let's say, launched, both on the OpEx and the CapEx side. In the quarters to come, we will continue to update you, and we will show you how we are going to get to our cruising altitude, as I call it, when it comes to our costs. Again, you should not expect any significant variation, anything more significant or than the level of average annual inflation rate. The main financial targets, as we were presenting our strategy two months ago, with a horizon 2024, we have annualized our ROE level after one year. We are maintaining this goal both in one-year and two-year perspectives when it comes to cost to income. Things might be changing a little bit. I've mentioned some of our strategic initiatives and the launching of some of our expenditures. Tomasz, my colleague, told you about our equity. We have very satisfactory levels, and we have quite a significant cushion. CCR in Note 33, you will read that subject to Financial Supervision Authority approval, we have counted our result for last year into our equity. As of the 31st of December, the number has grown to 16%, the IFRS was reconciled 9. At 9, we finished at a level of 15.4%. When it comes to credit risk, definitely my colleague, Tomasz, I think, exhausted the topic. Cost of risk being at this level in such a demanding environment, as well as NPL being one digit, this is very good. Now we would like to thank you for your attention, and we're waiting for your questions. Thank you so much. I see that there's a number of questions coming in. Your equity situation is very good, so assuming that you'll maintain it across or throughout 2023, is there a chance that the board would recommend dividends to be paid out as soon as in 2024? According to our strategy, our ability to pay out dividend will have been reached after our strategy has been achieved towards the end or at the end of 2024. As for now, we're not deciding on anything, especially that there are still some potential risks ahead of us. As I said, or we have to rebuild our base so that we are able to grow off of it. For now, no decisions have been made, especially the 2023 is still ongoing. The following question, what are your expectations from BNPL and deferred payments? Well, it's a very good question. We have been communicating certain things to you, and you were wondering, like, how much we were going to make on it, because you want to illustrate that and reflect that in your models. Well, in the second half of this year, we want to deliver this service to all of our customers, plus to our prospects or potential customers. Of course, depending on which month we're going to launch it, hopefully it's going to be sooner than later, closer to the first half of this year. Well, the volumes that we expect to see are like a few dozen million zlotys, and we want to acquire thousands of customers. We want to build this portfolio again in a deliberate, measured way, so that it's like a, something that complements our offer. Our offer of payment cards, loans, and so on and so on. Also, you need to remember that unfortunately, the banking sector has it more difficult to deliver such a service, because it's much more heavily regulated than typical lenders who are not banks. When it comes to this form of financing, we are very cautious. Of course, this means some hiccups for customers, but I would say it makes sense for the banking sector companies to offer BNPL. Several dozen million at the end of the year and several dozen thousand customers. Right. Do you need MREL instruments? Do you have to issue PLN 1 billion to comply with the regulations by the Bank Guarantee Fund? Given a great result last year and the current quarter, our demand is, let's say, lower than we communicated before. We are planning to issue some instruments, but at a lower level. We're going to go to the domestic market with it, maybe even before the holiday season, the summer holiday season. Thank you. Selling CF, Customer finance loans, it's gone down. Is it because of lower demand or is it because you're tightening your policy? I've already talked about it and mentioned it in the first part of my presentation. Demand may have declined a little bit when it comes to consumer finance loans. For us and to maintain our business model and to be selective about it, in the second quarter, we assume that we'll go back to the volumes that you're used to seeing from us, especially that we have some advantages, technological advantages, so we don't want to engage in a price competition or a price war. Grzegorz? The following question. Have you analyzed your exposure to office real estate and commercial real estate, especially that there are risks related to these segments in the States, in Europe as well? Of course, we've been analyzing this all the time. So we take a portfolio approach. We analyze different parts of our portfolio. Every customer over PLN 3 billion is being reviewed, individually, their financial standing and their outlooks. For now, we don't see any heightened risks to our portfolio in commercial real estate, and it's been reflected in the results that we've presented. NPL in the business customer segment and our cost of risk reflect that. What is the gross value of your portfolio of residential of mortgage loans and compared to the Swiss franc-denominated mortgage loans as of the end of the first quarter, 2023. When it comes to the value in our balance sheet, as we look at it, well, loans that are, let's say, at risk, I would say PLN 1.9 billion. The most critical portfolio is one denominated in Swiss francs, and to us in our case, it's PLN 130 million before reserves, before provisions have been launched. PLN 1.06 billion, that's the balance. As we said, after Q4, we have 50% of it is covered by provisions. Thank you. Following question. In Q1 2023, you have seen a slight increase of NPL in retail loans. Do you see any similar risk for mortgage loans or CF? We don't see that. In the first half, we saw some increase, actually the last quarters have actually Seen improvement of our cost of risk. This slight growth, 0.1% in NPL quarter to quarter, that's natural given the size of our portfolio. It's not alarming at all. We haven't seen anything alarming. Thank you very much, Tomasz. Another question. What is your outlook on the NII and main factors at the personal cost and operational cost in next quarters of 2023? Right. A little bit, I talked about it a little bit on one of the previous slide. To sum up, if it comes to net interest margin, let's see, assuming some kind of variation, if it's somewhere between 5%- 7%, 5% and 9%, that's what we expect to report in the next quarters. Once more, main factors that determine this result is first of all the financing costs and the premium paid for the means and the migration rate to the depositor portfolio. In our case, this is a lowered hedge accounting. To personal cost... Before, we assume this growth each year, of course, apart from one-time events. This growth on a level of average yearly inflation. Thank you very much, Radomir. Next question. What is actual guidance for risk costs in 2023? Well, basically, I answered that question during the presentation. When it comes to the guidance 1.9%, we assume that there will be some risks connected to the economic situation. Right now, we do not see them occur. What we expect, and as we maintain this conservatism, let's say, they may occur in the second half of the year. We don't change this guidance. At the next publication, if the situation won't change, we will show you the updated guidance. Thank you very much, Tomasz. Next question. The upward trend in the mortgage loans was lower than in the previous year. What's the reason? Can we see a better upward trend in the next quarters? Right now, there's still there's the movements that do not really variate from the trend. We expect very rapid improvement in the second half of the year and when it comes to the volumes of mortgage loans. Right now, nothing very important from the perspective of the policy of the bank has not happened, apart from the fact that, of course, this kind of policy of price adjustment, we had to do it due to the challenge coming from the transfer from WIBOR to WIRON. Maybe we are affected that a little bit earlier than the rest of the banks. I think this adjustment of level is right now happening with all the banks. I think this may be a factor of something that would really strongly affect this upward. I don't think that there was no such thing, where we'll have the selective approach, and we'll see the growth in mortgage loans. Grzegorz, next question. When can we expect a intervention in the commission loans? As long as the level will stay stable. Coming from the perspective of our portfolio, as I've been talking, this is trying to, you know, being changed from one contracts to at other rates. We're talking about the first quarter. Right now, we may more or less say about the result between PLN 20 million and PLN 40 million. I'm thinking about the next quarter. That's of course only assumptions and the final results will be of course dependent on the level of rates and and the profitability rate and the long-term transactions. Thank you very much, Radomir. Well, in the first quarter of 2023, we was the sale of NPL portfolio. We did not realize that in the first quarter. Thank you very much. Can we observe growth of applications for the credit moratoria? It is not bigger but stable, just like with our rates and assumptions. It was just stable. That's why we decided to enlarge the reserve and the participation rate. Thank you very much. Can we assume in the whole year that the dynamics of payments and provisions that's noted in the first quarter of 2023, is it possible to be kept stable? We will, of course, do everything to prepare the best compromise between the competence and the profitability. We'll try to do as much as we can, but the base scenario is that the level is about PLN 200 million per quarter. Thank you very much. Next question, how big were the raises of salaries and when did they happen? We can see this growth year from year on level of about 10%. Is that actually the situation? This growth reflects what we have in the balance. I mean, the profit, last balance, the overall activities. It is difficult to say that these were certain months. This trend is reflected in the bank activity throughout the whole last year. In total, that's how it looks in every year. Thank you very much. Next question about MREL. Do you assume lack of realization of MREL aims and what may happen if such thing will happen? Of course, we do not assume such situation. We treat the situation very seriously. As I said previously, our need was lesser. We are about to fulfill those aims in this year. Thank you very much. We, these were all the questions. Thank you very much for the presentation. Thank you very much for the, for your answers. I would like to invite you to the, you know, the contact with the certain department with all the questions you may have. Thank you very much.