Credicorp Ltd.

Good morning, everyone. I would like to welcome all of you to the Credit Corp Limited third quarter 2022 conference call. A slide presentation will accompany today's webcast, which is available in the investor section of Credit Corp's website. Today's conference call is being recorded. As a reminder, all participants will be in listen-only mode. There will be an opportunity for you to ask questions at the end of today's presentation. If you would like to ask a question, please signal us by pressing star one on your telephone keypad. If you have connected to the call using the HD web phone on your computer, please use the keypad on your computer screen. If you are using a speaker phone, please make sure your mute function is turned off to allow your signal to reach your equipment. Now it is my pleasure to turn the conference over to Credit Corp's IRO, Milagros Seguin. Yes, you may begin.

Thank you, and good morning, everyone. Speaking on today's call will be Gianfranco Ferrari, our Chief Executive Officer, Francesca Raffo, Chief Innovation Officer, and Cesar Rios, our Chief Financial Officer. Participating in the Q&A session will also be Reinaldo Llosa, Chief Risk Officer, Diego Cabrera, Head of Universal Banking, and Cesar Rivera, Head of Insurance and Pensions. Before we proceed, I would like to make the following Safe Harbor statement. Today's call will contain forward-looking statements which are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties. and I refer you to the forward-looking statement sections of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances. Gianfranco Ferrari will start the call discussing our strategic initiatives, followed by Francesca Raffo, And finally, Cesar Rios will comment on the macro environment in which we work, our financial performance, and provide an update on our outlook for 2022. Gianfranco, please go ahead.

Thank you, Milagro. Good morning, everyone. Thank you for joining us. We reported another solid quarter while executing on our strategic priorities. In terms of financial results, we continue to benefit from long growth with disciplined pass-through of interest rate hikes, a differentiated funding structure in which transactional deposits represent 56% of total funding and high transactional levels. As a result, we saw strong growth again in core income, which includes net interest income, fees, and gains on FX transactions. With improving results across all four of our business lines, we registered an ROE of 19.6% this quarter on the strength of a solid balance sheet and prudent risk management. While there is still downside risk to overall growth in the region, the fundamentals of Peru remain strong, and our estimate of GDP growth is now 2.8% for this year. Unfortunately, the continued political noise is having clear negative impacts on Peru's growth opportunity and deterring public and private investment. This is also detracting from what we should be focusing on with respect to financial inclusion and poverty reduction. Despite the environment in which we work, Credit Corp remains committed to being an agent of change in our communities, and our digital transformation plays a fundamental role in aligning with our sustainability-based responsibilities of financial inclusion, financial education, and developing the workforce of the future, among others. So our strategic initiatives were driving greater engagement and efficiencies throughout the organization to deliver sustainable growth and value creation. We are advancing on our goal of driving growth in digital clients. At BCP alone, digital customers represented 63% of total customers. while over 250,000 individuals were financially included through YAPE and MiBanco. Today, we'd like to highlight the progress we are achieving in the transformation at BCP. For this purpose, we have invited Francesca Rajo, Deputy CEO at BCP and Chief Innovation Officer at Credit Corp, who has been leading this effort since the very beginning, to provide an update on progress today. Francesca?