GFNORTE 2Q09 July, 2009.

1.2Q09 Results 2.Asset Quality 3. Capital Management 4. Subsidiaries 5. Final Remarks Index

3 Yearly Recap GFNorte Past Due Loan Ratio1.5%2.6% 1H09 Net Income Capitalization Ratio Book Value Per Share 1H08 3,735 Net Interest Margin ( 22%) 15.7% % %* 2, % ROE21.8%15.2% ROA2.5%1.0%* Efficiency53.9%52.3% Coverage Ratio131%102% Liquidity Ratio55.9%63.1% 7% Recurring Net Income3,396 ( 14%) 2,923 * Includes repos reclassified as balance sheet assets. MILLION PESOS

Income Statement MILLION PESOS Net Interest Income Service Fees Recovery Non Interest Income Total Income Non Interest Expense Net Operating Income Income Tax Net Income Provisions Subs & Minority Interest FX & Trading QoQYoY1Q092Q082Q09 Non Operating Income, Net 6,199 1, ,070 8,269 (4,341) 3, (574) 1,611 (2,162) (6) 1, Recurring Net Income 5,225 1, ,971 7,196 (3,903) 3, (751) 1,806 (1,255) (57) 1,742 Other Income and Expense226 1, ,922 7,760 (4,037) 3, (429) 1,312 (2,188) 14 5,838 1,312 12% (14%) 40% (1%) 100% (2%) 8%8% 3%3% 13% (66%) (43%) (27%) 74% (125%) (27%) (6%) (1%) 19% (35%) (7%) (6%) (7%) (5%) (55%) (25%) (19%) 1% (333%) (25%) 4

5 ROEROA 2.5% 1H % 1H % 1H09 1.0%* 1H09 Profitability * Includes repos reclassified as balance sheet assets.

Cost to Income BILLION PESOS EFFICIENCY RATIO Total Income 2Q Q Non Interest Expense % 2Q08 53% 1Q09 8% 3% YoYQoQ1Q (6%) (7%) 52% 2Q09 6

Deposits Demand Time Total 2Q Core Deposits 207 Money Market59 BILLION PESOS QoQ Change YoY 16% 29% 20% 21% 16% 3% 1% 4% 2% 11% 1Q Q

BILLION PESOS Performing Loan Portfolio 2Q081Q092Q09 YoY Change QoQ 2Q081Q092Q Commercial 10%(3%) Corporate 0%(2%) Government 31%12% Total8%8%0%0% Consumer4%4%(1%)

Consumer Loan Portfolio BILLION PESOS 2Q081Q092Q Consumer Car Credit Card Payroll / Personal Mortgage 2Q081Q092Q09 YoY Change QoQ (2%) (20%)(7%) (4%)(1%) 4%4% 17%2%2%

Loans to Deposits Ratio TOTAL LOANS /TOTAL DEPOSITS 103% 1Q08 99% 2Q08 97% 3Q % 4Q08 92% 1Q09 88% 2Q09

2. Asset Quality

Asset Quality Past Due Loans Loan Loss Reserves RESERVE COVERAGE RATIO PAST DUE LOAN RATIO Total Loan Portfolio BILLION PESOS 2Q081Q092Q09 102% 131% 109% 2Q081Q092Q09 2.6% 1.5% 2.3% 2Q081Q092Q

Provisions As a % of Average Gross Loans 2.4% 2Q08 3.6% 2Q09 3.6% 1Q09 2.9% 3Q08 5.0% 4Q08 13

14 Past Due Loan Ratio by Product Payroll Car Mortgage Credit Cards Commercial Corporate Government 14 2Q08 2.3% 1.9% 1.5% 6.7% 1Q092Q % 2.9% 2.5% 1.5% 0% 1.7% 2.6% 0% 14.4% 3.0% 1.9% 3.4% 0% 0.1%

15 Banorte 2.0% 2.6% Dec-08May-09 BBVA - Bancomer 3.2% 4.2% Dec-08May-09 Banamex - Citi 4.1% 3.7% Dec-08May-09 HSBC 6.2% Dec-08May-09 Santander 3.1% Dec-08May-09 Scotia 3.5% 3.6% Dec-08May-09 Industry PDL Ratios Source: CNBV

3. Capital Management

17 Capitalization Tier 1 Tier 2 TOTAL % Tier Q081Q092Q % 5.0% 15.7% 68% 9.7% 4.9% 14.6% 66% 10.7% 4.9% 15.6% 69%

18 Industry Capitalization Ratios BanamexScotiaBancomerHSBCBanorteSantander Source: CNBV 17.8% 15.4% 15.1% 14.2% 11.7% 15.3% May-09

19 IFC’s Investment in Banorte IFC is a member of the World Bank Group.  Promotes sustainable economic development in emerging markets. Characteristics:  IFC will have an equity stake in Banco Mercantil del Norte.  Banorte’s Board of Directors has approved the investment.  Approval by IFC’s Board and the Mexican authorities is still pending.  Long term investment. Benefits:  Increase Banorte’s Tier 1 ratio.  Banorte and IFC will collaborate in various expansion programs.  Leverage IFC’s expertise in social responsibility, corporate practices and environmental protection.

= Notches above Inv. Grade Baa1 BBB BBB- Rating Fitch Moody’s Standard & Poor’s Agency Stable Negative OutlookDate Dec-08 Feb-09 Mar-09 Credit Ratings

4. Subsidiaries

Recovery Bank Net Income MILLION PESOS AUM BILLION PESOS 2Q092Q08 Banorte’s Assets Acquired Assets % Investment Projects Total IPAB 22 1H H (18%) 50% % % %

Long Term Savings NET INCOME IN MILLION PESOS AFOREINSURANCEANNUITIES Total 23 2Q Q Q Q09 0 2Q08 (4) 2Q Q Q09

24 Afore IXE client portfolio acquisition.  Transfer of 312,489 clients.  Ps 5.4 billion in AUM, nearly 10% of Afore Banorte-Generali’s AUMs. Afore Ahorra Ahora client portfolio acquisition.  Transfer of 367,660 clients.  Ps $1.14 billion in AUM, 1.86% of Afore Banorte-Generali’s AUMs. Through these acquisitions, Banorte becomes the 4th largest player in terms of accounts managed. Afore – Acquisitions

Subsidiaries BROKER DEALERLEASING AND FACTORING NET INCOME IN MILLION PESOS WAREHOUSING Q Q09 7 2Q08 7 2Q Q Q09

26 Inter National Bank Net Income Loan Loss Reserves MILLION DOLLARS IN US GAAP Change 2Q082Q09 Net Interest Income Non Interest Income Total Income Non Interest Expense Demand Deposits Performing Loans Past Due Loans Time Deposits (150%) 482% 16.3 (16%) % 20.0(11%) 8.712% 707 3% 1,018 7% % % (3.0) ,

27 FINANCIAL RATIOS (%) Reserve Coverage PDL Ratio Change2Q Q (59.2 pp) 3.6 pp MIN (0.9 pp) ROE18.7(4.6)(23.3 pp) ROA1.4(0.6)(2.0 pp) Efficiency pp Capitalization Ratio pp Tier 1 Capital8.27.8(0.4 pp) Inter National Bank

5. Final Remarks

29 The most severe contraction in GDP since the great depression. Second half of the year will be challenging. Unemployment. Consumption. Interest rates at historically low levels. Caution due to possible swine flu rebound. Improve the bank’s fundamentals under this environment. Conclusions Capital. Asset quality. Collections and recoveries. Cost of funding. Cost containment. Internal controls.

Contact Information David Suarez Investor Relations Officer Tel: (52 55)