Intercorp Financial Services Inc. Common Shares

Good morning and welcome to Intercorp Financial Services third quarter 2021 conference call. All lines have been placed on mute to prevent any background noise. Please be advised that today's conference is being recorded. After the presentation, we will open the floor for questions. At that time, instructions will be given as to the procedure to follow if you would like to ask a question. Also, you can submit online questions at any time today using the window on the webcast, and they will be answered after the presentation during the question and answer session. Simply type your question in the box and click Submit Question. It is now my pleasure to turn the call over to Rafael Borja of Inspire Group. Sir, you may begin.

Thank you, and good morning, everyone. On today's call, Intercor Financial Services will discuss its third quarter 2021 earnings. We are very pleased to have with us Mr. Luis Felipe Castellanos, Chief Executive Officer of Intercorp Financial Services, Mrs. Miquela Casasa, Chief Financial Officer of Intercorp Financial Services, Mr. Gonzalo Basadre, Chief Executive Officer of Interseguro, and Mr. Bruno Ferrecho, Chief Executive Officer of Inteligo. They will be discussing the results that were distributed by the company yesterday, November 9th. There is also a webcast video presentation to accompany discussion during this call. If you didn't receive a copy of the presentation or the earnings report, they are now available on the company's website, ifs.com.pe, to download a copy. Otherwise, for any reason, if you need any assistance today, please call Inspire Group in New York at 212-710-9686. I would like to remind you that today's call is for investors and analysts only. Therefore, questions from the media will not be taken. Please be advised that forward-looking statements may be made during this conference call. These do not account for future economic circumstances, industry conditions, the company's future performance, or financial results. As such, statements are based on several assumptions and factors that could change causing actual results to materially differ from the current expectations. For a complete note on forward-looking statements, please refer to the earnings presentation and report issued yesterday. It is now my pleasure to turn the call over to Mr. Luis Felipe Castellanos, Chief Executive Officer of Intercall Financial Services, for his opening remarks. Mr. Castellanos, please go ahead, sir.

Thank you, Rafael. Good morning, everyone. Welcome to our third quarter 2021 earnings call. We appreciate you taking the time to attend our call and hope that you and your families remain safe and healthy. Let me start by giving you a brief overview of the health and macro situation in Peru. On the sanitary front, Peru was able to speed up its vaccination process. As a result, currently half of the population, or 16 million individuals, are fully vaccinated. Restrictive measures have significantly softened across the country, and although there has been a slight increase in the number of COVID cases recently, a third wave is not yet in the horizon. We are hopeful that 2022 will take us back to a new normality, very much like the one we had before the pandemic. Moving on, accumulated GDP growth levels as of the month of August showed a strong rebound. However, estimates for GDP for the rest of the year remain close to zero. As a result, we foresee around 12% full-year GDP growth in 2021, mainly expected activity versus the previous year, and despite the forecasted deceleration of the last quarter of the year. In the political front, we continue to see volatility. Political challenges remain high as legislative branches continue to establish themselves. The consumer and business confidence indicators remain at low levels. The political front continues to be an uncertainty factor, and this might still be the case in the coming months. Nevertheless, under this challenging environment, IFS continues to prove strength and resilience. As you will see later during the presentation, our results continue to improve based on the recovery path set after the effects of the pandemic. Our clear strategic focus has taken IFS to reach another solid quarter, with strong results in all of our operating segments. We strongly believe that our people, our management team, our ability to adapt to changes, and our digital-oriented strategy are our strengths and the basis that will allow us to grow profitably in the future. We will continue to grow in a sustainable way in order to fulfill our purpose, to empower all Peruvians to achieve financial well-being. Now, I will pass it on to Miquela to update you on the results of this quarter and with a detailed review of our operations. Thank you very much.