Okay, it's, it's 2 PM. Good afternoon, everyone. Welcome to Citi Handlowy 3rd quarter 2026 financial results. My name is Adam Piotrak. I'm the head of investor relations team, and I'm with Maciej Krywoniuk, head of strategy and investor relations department. The presentation is available on our website, is also on your screen. We will walk through the key business highlights and financial results for the 3rd quarter, and then we will have the Q&A session. With that, I would like to, I would like to hand over to Maciej, who will take you through the presentation. Maciej, over to you. Thank you very much, Adam, and welcome everyone. Thank you for joining the earnings call of Citi Handlowy for the 3rd quarter 2026. Let us start with what you see on page number 2 in the presentation, which is a brief summary of the quarter. I would say it's been a quarter with definitely strong business volumes, which translated into top-line growth. The top line grew 10% quarter over quarter and 3% year over year. When you— and it reached 764 million zloty in the 3rd quarter. When you look at the net income level of 288 million This is slightly down compared both to quarter on quarter as well as year on year. It's been primarily impacted by 3 areas: investments in technology. I'll cover it later on in the deck. The result from the discontinued activity and higher income tax rate for corporates, which is the, the new normal we are operating in. However, the return on equity at 18.6%, it's been at a healthy level. And what's important also is the total capital ratio at 23.5%. 24.3%, which gives us room for supporting our client needs and growing our balance sheet. Talking about balance sheet, The lending grew the loans plus 11% year over year. The deposit book recorded a 10% growth year over year. Moving on into more details on the volumes, which is page number 3. You look, when you look at the loan volumes at the left-hand side at the top, we almost reached 11 billion of Polish zloty, which is flattish quarter over quarter. Very similar to the banking sector. However, when you look at the year-on-year horizon, the growth of the book was plus 11% vis-à-vis the banking sector of 4% growth. This is a reflection of the business activity, especially among our top clients. When you look at the segment split, you will notice that the global clients grew 27% year over year and the corporate client segment grew by 17%. The deposit volumes, the deposit base is growing year over year with 10% growth. There is a decline of 5% quarter over quarter. which is linked with the consumer bank transaction. We have declined the deposits in line with the, with transactional needs that, that were there in, in June, and they are not required anymore. However, when you look at the growth of liabilities of our clients, the— we would point to corporate client segment, which noticed 30, plus 30% year over year in the dynamics, with other segments also growing year over year. And a few words on the, on the products. This is where we share with you our core competencies, especially financial markets. Where transaction volumes grew by 47% year over year. It's also our pleasure to share with you that, that our brokerage team was very active this quarter. The value of transactions that were concluded in Q3 was up 40% versus last year. Healthy transaction activity in terms of the payments area. Trade finance assets were up 32%, and our custodian business, which is a market leader. grew 35% year over year. And the relationship banking area, we have been also active. We granted $1.5 billion of Polish zloty in new financing. Which, of which almost 30% were investments, investment loans reflecting the activity I have been referring to when commenting on the lending volumes. Talking about business activity on page 4, this is a brief summary and just a representation of different products and industries that we operate in and where we support our clients. You see that XTB, where we were present in the accelerated offering of shares. This is the area where we were able to capitalize on the synergies with our with our group and also guarantee line from, for clients from defense sector. This is one of our core priorities in terms of our strategic plan. And we want to be present and we want to support clients in the defense space. Last but not least, syndicated loan in the pharmaceutical sector, which was So it was a refinancing but aimed at developing the business of our client from the pharmaceutical sector, sector namely pro-pharma. So we, we want to be present in all key transactions. These are the public ones which we can share with you. There was much more this quarter and And it's in a way reflected in the top line that we have reported in Q3. The next page is something that we organize every year. I think it's the 3rd time in a row. Where we bring the global content to Warsaw and we share it with our clients. We traditionally do it in Q3 just to fit into the planning calendars of our clients. And this is a macro conference that I'm referring to held in Warsaw where guests from all over the world, they share their views on the government affairs. It was before midterm elections in the US, so very, very interesting insights before the election, and now we know the outcome. Some views from our chief economists from New York on the macro, macro trends and what, what we see and what we expect in the macro environment. Very interesting insights on the commodities, and to keep the local flavor as well, we have discussed the defense. related opportunities and what's happening in the defense industry. Good feedback from our clients on this. And they find it really useful. Moving on to page 7, which is the revenue page. As you can see, the revenue was up both year over year with 3% growth and quarter on quarter with +10%. Around $70 million of, of delta between Q3 and Q2. When you look at the segments, financial markets, strong performance, +23% quarter over quarter. Flattish quarter-over-quarter results in the corporate banking. And the activity of our clients in FX area, which I referred to in the previous pages, behind the growth in the top line in the financial markets segments. And the good news in services is that trade finance assets were up plus 30%. The book is at $7 billion mark, and it's supporting actively the net interest income and fee line in our P&L. You can see the client revenue, quite diversified and healthy mix with transactional banking responsible for almost half of it, and FX and capital markets 37%, relationship banking and custody with 7% share in our revenue mix. Moving on to more details on the net interest income line, which is page 8. It was plus 4% Q-on-Q and minus 7% year-over-year. Both segments recorded positive dynamics on a quarterly basis, with corporate banking plus 5% and financial markets plus 3% Q-on-Q. I would draw your attention to lower interest expenses here. I mentioned that the deposits— deposit book was down and And this is where we gained some some figures on the expense of— in the expense deposits, expense, interest expense on the deposit line. And on the lending side, we see some pressure on the lending margins. And it's visible on the net interest margin graph on the right-hand side of the slides. Our house view is that there will be rate hikes. We are watching inflation closely, so we'll see how, how it will develop on the macroeconomic side. The net fee and commission income, uh, it's been a strong quarter with $116 million, so very, very healthy level in the fee line. We briefly touched upon the brokerage. So sometimes we refer to brokerage as one-offs. On the other hand, here you can see that it's been a recurring performance. We shared with you the accelerated equity offering for XTB this quarter. We have reported Allegro last quarter. So there is some recurrence recorded in the brokerage activity, which is a reflection of client activity. This is, this is definitely good news. The cost of the plus 16% year over year, that's where our market-leading position helps. And, uh, and 40% growth in capital markets transactions year over year is also the representation of our relationships with our clients. On the cumulative basis, when you look at the fees, they were up 6% year over year. This is also proving the, the track record and the activity of clients that is reflected in the fee and commission income. Now moving on to the next page, which is the financial markets page, page number 10. The 336 million recorded in the treasury results this quarter it's up +23%, uh, quarter over quarter and +12% year over year. Definitely strong, uh, strong activity in FX and client FX. You see the bottom of the page on the left-hand side with 18% Q-on-Q growth. I would also draw your attention to high quality of, of our debt securities. This is where 66% of, of our balance sheet is located in debt securities and And basically these, to my point, are of high quality and we continue as, as before. The revaluation reserve, this negative 285 million, is the reflection of the interest rate cycle. However, Good news here is that despite of the negative revaluation reserve, the total capital ratio is at below 24%, and this is a positive signal for us where we can absorb some market volatility and at the same time support our client needs and grow the lending book. Now moving on to expenses, a few words of explanation here. As you can see, the expenses were up plus 17% Q-on-Q, and this is primarily in the admin expenses where we I have shared with you that we are investing in technology. It's both the platforms as well as the resilience of our infrastructure. And some investments in AI as well, which is a sign of times, I would say, and definitely something that is required to A, stay competitive, and B, stay resilient as the business. All in all, I would say that 32% in cost-income ratio is the healthy level below the sector average, and And this is it in terms of, of the expenses. And moving on to our page on the cost of credit. So basically, as you can see, we have got a cost of credit of 30 million this quarter, and this is down from the 60 million recorded, so almost by half down. Compared to last quarter. When you look at the cost of risk, this is still below the average of the corporate banking sector. We are at 50 bps mark. I would say that the normalized cost of risk level as well, the way we see that, is at around 40 basis points. And this is something our CFO shared with our Polish-speaking colleagues in the morning. And so this is more in terms of where we think the normalized levels are. I would also point to our credit policy. Where the credit policy does not change. We are operating in the same target market and within the same risk appetite. So no, no changes here. All in all, I would say a solid quarter in top line and the net income with some impact from both the cost line and the cost of risk. However, when you look at the operating margin, it remains positive with 7% quarter over— positive quarter over quarter. Growing from 485 million to 516 million, with profitability ratios, ROE at 18.6, the total capital ratio as shared with you, 24.3. So these are the highlights, highlights of the quarter. I would pause here and I'm happy to take questions. Okay, if there are no questions, so thank you very much for joining. Thank you, Maciek. And goodbye. Yes, have a good rest of the day. Thank you. Bye-bye.