00:00The supervisory approvals, or approvals in general, are taking much less time than we originally anticipated.
00:08We're saying today that our best expectation at the moment is that we will get all approvals by the end
00:14of November.
00:15That would mean that we have a timeline where control will shift, governance will change,
00:21and we will be able to kick off Commerce Bank Unlocked, our plan,
00:29in the first quarter of 2027.
00:32How early or late, still not clear, but we're quite optimistic that as we are on a very good trajectory
00:40on the rest of Unicredit,
00:42we have now time to also focus on engaging with Commerce Bank and making sure they do the same.
