Operator: Good morning, ladies and gentlemen. Welcome to the National Bank of Canada Second Quarter 2013 Results Conference Call. I would now like to turn the meeting over to Ms. Helene Baril, Director of Investor Relations. Please go ahead Ms. Baril.
Helene Baril - Senior Director, IR: Thank you. Good morning and thank you for joining National Bank's second quarter 2013 results conference call. In a few moments Louis Vachon, President and CEO will start the call with his opening remarks. Then Ghislain Parent, CFO and Executive Vice President, Finance and Treasury, will present the overall Bank performance as well as the capital management review. His comments will be followed by the presentation of Bill Bonnell, Executive Vice President, Risk Management who will cover the Bank's Risk Management section. Following his comments Jean Dagenais, Senior Vice President, Finance, Taxation and Investor Relations will cover the business units' results. Then we will take your questions.
Please note that Diane Giard, Executive Vice President, P&C Banking; Ricardo Pascoe, Executive Vice President, Financial Markets; and Luc Paiement, Executive Vice President, Wealth Management will also be on hand to answer your questions.
Please also note that all documents referred to in today's conference call can be found on our website at nbc.ca in the Investor Relations section. I would also like to remind you that a caution regarding forward-looking statements applies to our presentation and comments.
Over to you, Mr. Vachon.
Louis Vachon - President and CEO: Thank you, Ellen. Good morning and thank you for joining us this morning. In the second quarter of 2013, National Bank posted record adjusted net income of C$369 million, or C$2.08 per share, up 6% and 7% respectively from the same period last year. Along with this performance, the quality of the loan portfolio remains solid with provision for credit losses at C$53 million, or 24 basis points. Return on equity was at 20.5% and the Common Equity Tier 1 ratio under Basel III stood at 8.3%.
National Bank again delivered excellent results with all three business units contributing to earnings growth, In Personal and Commercial Banking, loan volume is still showing solid growth and net interest margins appear to be stabilizing. Furthermore, the deployment of our new mortgage platform is in line with expectations with implementation in more than 200 branches so far. In the second quarter of 2013, Wealth Management did very well with earnings increasing by 23% on a year-on-year basis, thanks to successful integration of our latest acquisitions, good cost control and slightly more favorable market conditions.
Financial Markets earnings were up 23% compared to last year due mainly to strong contribution from client-driven activities and excellent expense control as indicated by its very strong operating leverage. This overall strong performance, particularly in Wealth Management and Financial Markets demonstrates the momentum of our pan-Canadian expansion and a broad diversification of our revenue sources.