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Swedbank’s total income(revenue) for Q422 was up 35% YoY to SEK 16.12B ($1.54B) as NII was up 62% YoY, net gains and losses on financial items(trading) were up 2.9X YoY, and net commission income was down 14% YoY. NII was up 62% to SEK 10.92B($1.04B), from volume growth and growth in both deposit and loans balances, as well as deposit margins; offset by tighter lending margins. Net commission income was down 14% YoY to SEK 3.44B($329MM) from lower fee income related to asset management as valuations decreased, offset by spending related to cards. Net gains on financial items were reported at SEK 763MM($72.8MM) vs. a gain of SEK 265MM in the prior Q4 period as due to changes in market valuations related to bonds and FX trading offset by negative changes in derivatives. Other income was up 17% YoY at SEK 992MM($95MM) on higher performance of savings banks and reversals of certain insurance provisions. Total expenses during the quarter were SEK 5.75B ($549MM), up 3% YoY due to higher IT and staff related costs as salaries increased and more employees, while AML costs were slightly higher YoY. Impairment of intangibles was SEK 681MM, related to goodwill of PayEx, and internally generated software of PayeEx. This was due to the profitability outlook of PayEx worsening. Provisions were reported at SEK 679MM, vs. reversal of SEK 67MM in the prior period, with the large increase related to forecasted weaker macroeconomic scenarios, and reassessment of risk in various sectors incl