Q2 came ahead of our estimates... IFIS reported a Q2 bottom-line beat (vs our estimates) with the surprise helped by gains from the portfolio. Revenues grew c2% QoQ driven by NII (mostly due to the pick-up of NPLs) and fees, which were both up in the low single-digits. Cost of funding ended at c3.9% in the quarter. Below the revenues, LLPs were slightly lower QoQ as there was no signs of pick-up in the cost of risk. Net income closed at 46m with capital (CET-1 at 15.3%) that strengthened furthe ....