Good morning ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Banco Macro’s Second Quarter 2013 Earnings Conference Call. We would like to inform you that the second quarter 2013 Press Release is available to download at the Investor Relations website of Banco Macro www.ri-macro.com.ar. Also this event is being recorded and all participants will be in a listen-only mode during the Company’s presentation. After the Company’s remarks are completed, there will be a question-and-answer session. At that time, further instructions will be given. (Operator Instructions) It is now my pleasure to introduce our speakers. Joining us from Argentina are Mr. Jorge Pablo Brito, member of the Executive Committee; Mr. Guillermo Goldberg, Commercial Deputy General Manager; Mr. Jorge Scarinci, Finance and IR Manager; and other members of the Bank’s management team. Now, I will turn the conference over to Mrs. Ines Lanusse, IR Officer. You may begin your conference.

Good morning and welcome to Banco Macro’s second quarter 2013 conference call. Any comment we will make today may include forward-looking statements which are subject to various conditions and these are outlined in our 20-F which was filed to the SEC and is available at our website. Second quarter 2013 press release was distributed yesterday and it is also available at our website. Banco Macro is one of the leading private banks in Argentina, with a strong presence in the interior of the country and a branch network of 428 branches. Even though, we are a universal bank, we focus on low-to-middle income individuals and SMEs. Banco Macro is a financial agent of four provinces in Argentina; Salta, Jujuy, Misiones, and Tucuman. I will now briefly comment on the Bank’s second quarter 2013 financial results. Banco Macro’s net income for the quarter was Ps.460.4 million, or 39% higher than the Ps.332.1 million earned one year ago. The Bank’s accumulated annualized second quarter 2013 ROE and ROA of 27.3% and 3.6% respectively remains healthy and shows the Bank’s earnings potential. In the quarter, net financial income totaled Ps.1.2 billion or 20% higher than the Ps.1.7 billion registered one year ago. This performance can be traced to a 29% year-on-year increase in the financial income and 42% year-on-year increase in financial expenses. Within financial income, interest on loans rose 39% year-on-year due to a 28% growth in the average loan portfolio, and a 141 basis point increase in the average private sector lending interest rates. In the second quarter of 2013, the interest on loans represented 89% of total financing income compared to 82% in the second quarter of 2012. On the other hand, net income from government and private securities decreased 79% year-on-year, due to less volume of LEBACs and NOBACs…

Okay, at this time we are going to open it up for question and answers. (Operator instructions) the first question comes from Santiago Ruiz of Raymond James. Please go ahead. Santiago Ruiz – Raymond James: Hello everyone. Thanks for letting me ask the question. My question is, how do you see at the end of 2013 consumer inventory in the funding rates on the loan market? Thank you.

Hi, Santiago. This is Jorge Scarinci speaking, which I’ve seen in the third, two quarter of year was also a slight increase in the funding rates. As you can see now in our press release the net interest margin of the bank slightly widened. So while we’ve forward what we’re looking for slightly continues upward trend on the funding side and in terms of margins or spreads. We are seeing them similar level than, second quarter of 2013 or slight widened. Santiago Ruiz – Raymond James: Thank you.

(Operator Instructions) we have a question from the Sandra (inaudible) of BTG Pactual. Please go ahead. Alonso Aramburo – BTG Pactual: Hi, this is Alonso from BTG. Thanks for the call. I wanted to ask you NPL ratio and maybe you can comment (inaudible) on the reclassification of (inaudible)?

We can barely hear you, but I think your question was related to the NPL ratio. As we have stated in the press release increase was mostly related to weaker (inaudible) of our clients basically from this sugar [ph] segment, sue [ph] our company that was downgraded to category five and that effected our NPL ratio that was deterioration in the ratio was justified by that. Going forward, we are seeing the ratio of in the area of 2% by the end of the year and of course, the coverage ratio we continue being about 100%. We do not have quantity target in terms of coverage ratio, but of course we will be always about 100%. I think that was your questions but we can barely you. Alonso Aramburo – BTG Pactual: That answers my questions, thanks a lot.

Okay, thanks.

(Operator Instructions) There are no questions at this time. This concludes the question-and-answer session. I’ll now turn the conference back over to Mrs. Ines Lanusse for final consideration.

Okay, this ends our conference call. Thank you all for your interest in Banco Macro. We appreciate your time and look forward to speaking with you again. Have a good day.

This conference for Banco Macro has ended, you may now disconnect your line. Thank you.