Banco Itau Chile ADR

Ladies and gentlemen, thank you for standing by and welcome to the Banco Itaú-Chile Q3 2025 Financial Results Conference Call. This presentation and the Q3 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 cue the question in the Q&A button. Please beware that your company's name should be visible for your question to be taken. I would now like to turn the conference over to Matias Valenzuela, Head of Planning and Corporate Strategy.

Good morning, everyone, and thank you for joining our third quarter 2025 conference call. My name is Matias Valenzuela, Head of Planning and Corporate Strategy at Itaú Chile. I'm here today with our CEO, Andre Gailey, our CFO, Emiliano Muratore, and our Chief Economist, Andres Perez. 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 massively 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 to 35 of our management commentary report. With that, I will now turn it over to our CEO, Andre Gehle, to continue the presentation. Good morning, Andre.

Good morning, everyone, and thank you for joining us today. We had a great quarter, strong profitability, disciplinated growth, and continued progress in our transformation journey. In Chile, ROT 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 the 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 an 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 ACR's recent upgrade. These underscore the strength of our balance sheet, consistent capital generation, and prudent risk management. Turning to our Columbia 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 continue to strengthen. Itaú Chile received the Customer Loyalty Award Rick organized 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 reinforce 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 microeconomic outlook for Chile and Colombia. Good morning, Andrés.