digital strategy. Yeah. And moving to your, your guidance questions, uh, regarding return on equity, even though we're not giving guidance on, on 2022 on this call, just to give you a, a, a, a framework to think around it, we have a few things that are still to continue improving into the future, particularly, uh, cost of risk still has room to, uh, improve throughout the year and into next year. Uh, that has been part of what has helped us in, uh, sustaining our stronger results than market, and we expect to continue seeing that, uh, improvement into a future. The other part that will be helping us as well, uh, is all that, that is related to, uh, increased, uh, macro activity in Colombia regarding stronger growth, regarding increases in rates that as, as you know, for banks a slight increasing rate is always a positive increase in fee income, uh, associated with activity. Uh, what could, uh, dampen the kind of positive numbers that I'm pointing into? It is the tax reform. It is building in what comes out from, from, from that reform is still to be seen. At this point with the tax reform that, uh, is currently in Congress, uh, the numbers might not change substantially compared to this here, but, uh, the expectation of, of having lower taxes into the future somehow has faded away. So we have a combination of improvement on the operational front a- and then the, the, uh, almost on the last line, we have, uh, the impact of taxes. That's a, a long way to, to tell you that even though we are not giving guidance, these kind of numbers are numbers that, uh, we could expect to continue seeing into the future. Then, regarding the breakdown of what is not going to happen with loan growth, uh, as mentioned, uh, we have a much better performance from the, the growth, uh, perspective on the consumer front. We could expect to see something in the 12 to 14 percent area growth. And on the commercial front, it should be somewhere between six and seven percent. If you break down that by, by regions, Colombia should be in the six to eight percent area growth. And Central America should be at a similar rate if you look at it in dollar terms, but you have to build in that we have already run through a, around, uh, an 11%, uh, depreciation, I mean, not as up to date, but up to the numbers that we believe could be numbers at, at the end of the year. Uh, so that will help, and that will propel what is happening with Central America. Our next question comes from Adriana Della Saba. Please go ahead. Hi, and congratulations on the results. Um, I wanted to see if you can help us have a better sense of the income growth. I know in the quarter there was a, a slight impact from, um, the protests. But if you can help us with, that would be great. I'm, I'm sorry. Were you referring to fee income or to income growth? I, I didn't hear you properly. Um, well, it could be talking about normalized levels of growth, but, um, it's you know, however you think it's best to formulate it. Okay. W- well, uh, regarding the, the loan side, I just mentioned it before. It is volume wise we have the dynamics I, I just covered, uh, when, when referring to Sebastian's question. Uh, regarding, uh, margins, uh, we're actually moving into a, a better ground for margins, given that we expect to see the Central Bank increasing rates. Uh, under fees side, we mentioned we are slightly short from loan growth because loan growth, uh, is starting to come, uh, stronger; therefore, if loans are growing in the nine to 10 percent area, we could be a couple percentage points below that and on the fees side. Uh, fees still has, uh, some room to, to increase, particularly for two reasons. And number one, on the pension side, uh, we had some impact during this quarter of, uh, volatility that, uh, implied that, uh, some… utility that, eh, implied that, eh, some of our fees that are related to, eh, to our, our profitability and the funds was affected, bear in mind that there's a lag between where, how we get those into our TNL and how they happen in the market, because we charge fees after, eh, returns have been obtained so are, we have some delay there. But then, eh, on the, on the… I would say the main driver will be economic activity. We're seeing, uh, a strong pickup, we're seeing a pickup in products that are very rich in fees such as credit cards and other, eh, consumer products that in the past we had deemphasized and at this point we're ready to, to, to start to, to open our, our risk a- appetite. So that will come, eh, with fees, eh, as well. I don't know if I covered, eh, what, what you were referring to, but, but those are the, the main drivers. Thank you. And as a reminder, if you have a question, please press * than 1 on your touch tone phone. Our next question comes from Brian Flores from ASA Investment. Please go ahead. Hi, thank you for the opportunity to ask a question. Can, can you please confirm what was the guidance you used for cost of risk? Uh, and then I'll give a second question. Thank you. Okay. Uh, regarding cost of risk, you might have known that we lowered our guidance. We had previously given… Initially, we started out with two and a half lowered it 2.3 to 2.4 and this time around we're lowering it to 2.1 to 2.2%. The reason for that, eh, is we're seeing a much better performance on our loan portfolio, particularly on the retail side, and then given the much stronger economy that we're looking into in Colombia and Central America, the remaining of the, remainder of the portfolio beyond what, what was a, um, benefited from reliefs is also performing much better. So, so that's the reason we're doing that. Eh, something there that we are still holding back from being more aggressive is, eh, provision fee in Central America, particularly in Panama, given that they're later in the process of finishing reliefs. In absence of that we might have had, uh, a positive bias on the numbers that I mentioned. My second question would be on, on 2022. I know it's still a bit early, but, uh, we're getting to closer to it. So just thinking about your guidance, uh, if you have any idea of how, you know, any of these lines would look like, and, uh, what are you aiming for in terms of sustainable ROE. Thank you very much. I, I, I would prefer to stick to, to the answer to Sebastian regarding guidance and what to expect on, on ROE. At this point, I, I would say we would be very happy to, to, to be able to,