thank you so much. Thank you Gabriel. Our next question comes from Rodrigo Nesto from inaudible. Hello Rodrigo, go ahead. Hi, good morning. Thank you for the opportunity. Um, I have a question regarding the income tax rate, if you could explain part of the reasons behind the high effective tax rate and what should we expect going forward, and then I have a follow up. Mari I know you can go on that. Yeah, I can comment on that. Uh, you know Rodrigo, for the income tax rate, we have too many sources that increase tax rate. You know, the statutory income tax rate is 35 percent, but there are certain differences between the statutory income statement and then for tax return. The main differences arrive from the value of fixed assets acquired before 2018, that differences are permanent, so they create an increasing cost at the income… for income tax purposes, you hire inaudible before income tax in our statutory uh income statement. But the second and probably more important uh has to do with inaudible and as we carry forward, which they are not, according to the income tax law, they are not taxes and they don't accrue any interest. So we have, as many as you do, we have 1.2 billion Pesos in… you first have assets, and start those coming forward. And these are the use values over time with inflation. Uh, so that loss of value, as it relates to income tax, according to whatever is recognized in the income tax line item. So that increases the charge in the income tax line item, and creates, in turn, a higher effective tax rate. inaudible, a larger in but when brought in before income tax, slower, have we had as last year, a inaudible. 4 Billion Pesos, income tax would only increase effective tax rate maybe from 35 percent to 40 percent, but probably before income tax it's lower, has a greater impact, and can turn in up to 100 percent eventually. Thank you. And then if I may have a more strategic question, maybe to Patricio. I would like to know, very briefly, what makes him more enthusiastic about the future of the industry, and what concerns him the most about today's Argentina ranking system. Well, uh I think that the financial industry is bearing, let's say the cost of the… the economy, which is not in a clear groove. And uh, the um… but of course what worries me is that uh… let's say um, a main business which is providing loans to the private sector, um has diminished over the last three years, and you can see this in the loans to deposits ratio, which is a minimum at historical levels. And I think it reflects what is happening in the financial industry as a whole. There is lack of demand, and um also another aspect which also worries me is there is lack of savings. So, uh… and the lack of savings it has also to do with the absolute lack of confidence in our currency. We have a, we have a confidence problem, we need to get clear signals for investment, clear signals with the regulation, clear signals for export industries, clear signals for having an equilibrium in a monetary, I mean in a monetary, uh policies, in order to have a currency that uh, I mean that basically, it gets to lower inflation. The part about enthusiastic. Pardon me? The first question was, 'What makes you enthusiastic? ' What makes me enthusiastic is, is basically… I mean instinct has basically… is related to, uh let's say, if um there is a… what we have seen on the political side now, is I think a request of the society to have a more pro-market political economy, and uh I hope they will, I mean the government will hear these requests of the society to have a more pro-market stance. Thank you very much. Thank you, Rodrigo. Our next question comes from Juan Ricarde inaudible. Good morning Juan, go ahead. Hi, good morning everyone, thank you for taking my question. I have two questions, one it's related to inaudible, and the second one related to the international expansion. So in terms of inaudible, you mentioned that you felt inaudible pressure to continue, even the low uh low demands and regulations. So my question there is, does this quarter reflect the full regulatory pressure, or can we expect inaudible to cont… to go down in the coming quarters? And related to that, how is the bank working to limit the inaudible pressure? And the second question, related to international expansion, can you help us understand the strategy for expanding outside Argentina? Are there any goals that you can share with us, and also can the bank, can the group freely capital outside the country with the current regulations? Okay, um, let's first answer about the inaudible. Mariano will help but quickly I would like to state that there is a pressure, there is a continue pressure of inaudible, and mainly to do with the punitive regulations of the central bank, but also it has a lot to do with the lack of demand of loans. When loans resumes, it will help us, definitely it can, to let in, to have better means. But do you want to, do you want to answer the first question on this Mariano? Sure Patricio. Hello Juan. Well, in effect, this quarter we are seeing the full impact of central bank regulations, and also an adverse inaudible environment. So we have a very negative interest rate, with inaudible interest rate, repo at 36.5, and that compares with an inflation of more than 50 percent last whole month, so uh, this leads also to a very low credit demand. In that environment, we have regulative flaws for deposits crosstalk normally lower, the interest rate you have to pay on deposit, so uh we make positive trends. Uh, so it's a very challenging environment, and we are seeing that there needs to be a pulling back of it in this order, whilst you can see we have a lower theme in the last five quarters, um so regarding the second part of your question, what we can do to sustain and increase inaudible in the future, uh… mm, and increase that in, uh, in the future. Uh, we, we aim to, uh, to grow in the inaudible distance, uh inaudible for this inaudible in, in savings accounts and corporate, uh, savings accounts. Uh, we have to increase the, the average volume of corporate calent-… accounts. This quarter, uh, we are seeing that also, uh, in the front half of the, of the fourth quarter, so, so that is, uh, very important. Um, also then, uh, uh, we need to increase our, our loan portfolio as great reman-… demand inaudible. We've seen, uh, in the last quarter, particularly, uh, the virtue, uh, with the, uh… uh, we saw a growth of 5%, real terms. Uh, so, so we gain a, you know, f-… a market share there. And it's still, uh, in the, in the inaudible program inaudible uh, loans,