1 GFNORTE 2Q09 Results Conference Call July 24, 2009.

2 Yearly Recap GFNorte Past Due Loan Ratio1.5%2.6% 1S09 Net Income Capitalization Ratio Book Value Per Share 1S08 3,735 Net Interest Margin ( 22%) 15.7% % %* 2, % Million Pesos 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.

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

5 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

6 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%)

7 Performing Consumer Loan Portfolio BILLION PESOS Consumer Car Credit Card Payroll / Personal Mortgage 2Q081Q092Q09 YoY Change QoQ 2Q081Q092Q (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

9 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

10 Provisions As a % of Average Gross Loans 2.4% 2Q08 3.6% 2Q09 3.6% 1Q09

11 Past Due Loans Payroll Car Mortgage Credit Cards Commercial Corporate Government 11 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%

12 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%

13 IFC’s Investment in Banorte IFC is a member of the World Bank Group.  Promotes sustainable economic growth 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.

Subsidiaries 14

Recovery Bank Net Income MILLION PESOS AUM BILLION PESOS 2Q092Q08 Banorte’s Assets Acquired Assets % Investment Projects Total IPAB 15 1H H (18%) 50% % % %

Long Term Savings NET INCOME IN MILLION PESOS AFOREINSURANCEANNUITIES Total 16 2Q Q Q Q09 0 2Q08 (4) 2Q Q Q09

17 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. Retirement Pension Fund Acquisition Strategies

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

19 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) ,

20 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

21