Greetings, my name is Peter Kwon, the Head of IR at KB Financial Group. We will now begin the KBFG 2016 Q1 Earnings Release Presentation. Thank you very much for joining in today. The access to the conference is being provided via the Internet and the conference call and being webcasted real time for Korea and abroad. During the Q&A, you may call in to ask questions. Joining us in today's earnings conference we have with us, KBFG's CFO, Huh Jungsoo and executives from the Group. The conference will consists of earnings presentation by our CFO, Huh Jungsoo on the 2016 Q1 earnings results followed by a Q&A session at which time you may call in for questions. Let me now present our CFO, Huh Jungsoo for 2016 Q1 earnings presentation.

Greetings, I am Huh Jungsoo, the new CFO of KB Financial Group. Before going over the business performance, I would briefly like to look at the overall business overview in Q1. First of all, following KBFG's integration of KB Insurance as a subsidiary in the previous year, we signed the SPA or share purchase agreement for the acquisition of Hyundai Securities. KBFG now has a complete balanced portfolio as a comprehensive financial group. We will do our best to expand synergy through cooperation between subsidiaries in insurance and securities and [Audio Gap] our diversified profit base so that we can push up our Group's profitability with stability. In business performance, the quarterly NIM which was on a long downward track showed a rebound. Asset quality stably continued and credit costs went down. Overall sound earnings flow continued. Now I will walk you through Q1 business presentation results, focusing on the main highlights. Please go to Page 2. As you may know through the media, KBFG on April 12, 2016 signed a SPA to acquire 22.56% stake of Hyundai Securities. After finalizing the final acquisition price through thorough due diligence and after the supervisory authority's approval is given, we expect to have the deal closing in late May and have Hyundai Securities integrated as our subsidiary. Hyundai Securities is number five in the industry currently based on shareholders equity and when it merges with KB Investment Securities, number three large scale securities firm will be created. We expect a higher level of synergy through cooperation between subsidiaries including cross-selling in hybrid branches. Now, the highlights of Q1, first, sound loan growth continued. Regardless of the seasonality which leads to a deceleration of loan growth at the beginning of the year, a solid growth trend was maintained in Q1. Corporate loans also…