1. 1 3Q06 Results November, 2006

2. 2 1.3Q06 Results. 2.Stock Performance. Contents

3. 3 Highlights MILLION PESOS Performing loans growth Net Income Recurrent ROE Stock Price P/BV Net Interest Margin Tax Rate Recurrent Net Income ROE 22%23% 9M069M05 4,653 28% 6% 24.04 2.34 8.0% 44%21% 2.82 7.8% 25% 4,362 34.66 27%34% 3,8234,362 14% 34%25%

4. 4 Profit Evolution Millions of pesos 787 3Q043Q05 1,509 3Q06 1,373 CAGR 38%

5. 5 ROE and ROA 3Q05 3%3%3%3% 3Q06 ROE 25% 3Q06 27% 3Q05 ROA

6. 6 Margen Financiero vs CETES Porcentajes CETES Margen 70% 114% CETE promedio: 9M05: 9.4% 9M06:7.3% 6.3 7.1 8.1 9.0 9.7 9.5 8.6 7.6 4.4 5.1 6.2 7.3 8.5 8.3 8.5 7.5 7.0 7.7 7.1 8.0 2T043T044T041T052T053T054T051T062T063T06

7. 7 Non Interest Expense MILLION PESOS EFFICIENCY RATIO Non Interest Expense More Business volume 109 Solida employees 270 Investment program 130 509 9M05 8,512 9M06 9,021 6% 57% 9M05 55% 9M06 Inertial 54% 76% 9M04

8. 8 Core Deposits BILLION PESOS Demand Time Total Mix Demand Time Deposits3Q043Q063Q05 79 46 125 63% 37% 100% 67 40 107 63% 37% 100% 65 39 104 62% 38% 100% 17%3% 18% 16% 4% 3%

9. 9 BILLION PESOS Performing Loan Portfolio Commercial Corporate Government Total Consumer 3Q052Q063Q06 Variation 3Q052Q063Q06 105 125 129 QoQYoY 23%3%3% 3% (7%)(2%) 23%3%3% 33%6%6% 46 22 13 129 48 45 22 13 125 45 38 18 14 105 36

10. 10 Performing Consumer Loan Portfolio BILLION PESOS Consumer Car loans Credit Card Payroll loans Mortgage 3Q052Q063Q06 3Q052Q063Q06 36 45 4848 Variation QoQ YoY 3%0%0% 44%8% 53%7%7% 33%6%6% 36%7%7% 6 8 5 48 29 6 8 4 45 27 6 6 3 36 21

11. 11 LOAN ORIGINATION Billion Pesos Consumer Loans MORTGAGE AUTO PAYROLL AND PERSONAL 9M059M069M059M069M059M06 4.9 8.4 3.6 3.9 3.1 4.3 71% 8% 39%

12. 12 Asset Quality BILLION PESOS Past Due Loans Loan Loss Reserves RESERVE COVERAGE PAST DUE LOAN RATIO Total Loan Portfolio 3Q052Q063Q06 1.9 3.2 109 2.0 3.5 128 2.1 3.5 132 172% 165% 174% 3Q052Q063Q06 1.6% 1.8% 1.6% 3Q052Q063Q06

13. 13 Capitalization Ratio Tier 1 Tier 2 TOTAL Percentage Tier 1 3Q043Q053Q06 15.0% 3.2% 18.3% 82% 11.4% 3.8% 15.3% 75% 12.6% 2.3% 14.9% 84%

14. 14 Million Pesos Recovery Bank Net Income ASSETS UNDER MANAGEMENT 9M04 508 9M05 675 9M06 524 45 36 17 22 25 49 3Q033Q04 3Q05 Banorte IPAB 67 61 66 5 55 3Q06 60 Billion Pesos

15. 15 New Products

16. 16 Ya Bájale 50 9M05 9M06 THOUSANDS OF CLIENTS Number BALANCE MillIons of Pesos 33 51% 1,565 3Q05 3Q06 971 61%

17. 17 Banorte Fácil 602 9M05 9M06 1,648 3Q05 3Q06 318 89% 830 99% THOUSANDS OF CLIENTS Number BALANCE MillIons of Pesos

18. 18 Enlace Express 48 9M05 9M06 189 3Q05 3Q06 28 71% 95 99% THOUSANDS OF CLIENTS Number BALANCE MillIons of Pesos Daily transactions in branches: 12,900 Amount paid daily: US $5.1 million Amount per transaction: US $393

19. 19 Mujer Banorte 112 9M05 9M06 2,399 3Q05 3Q06 46 143% 1,222 96% THOUSANDS OF CLIENTS Number BALANCE MillIons of Pesos

20. 20 Créditos ProNegocio 33 9M05 9M06 545 3Q05 3Q06 10 230% 240 127% THOUSANDS OF CLIENTS Number BALANCE MillIons of Pesos

21. 21 Recent Events

22. 22 Recent Events Merger of Banco del Centro (Bancen) and Banco Mercantil del Norte. Placement of USD $600 million in non-convertible subordinated debt in two tranches (October 13 th ): USD 200 million of 15 Non Call 10 Tier 1 notes with a 6.862% yield. USD 400 million of 10 Non Call 5 Tier II notes with a 6.135% yield. Launching of the first 30-year fixed rate mortgage in the Mexican market, with a minimum down payment of 5% and a fixed rate of 11.90%. Opening of a back up computer center. Payment of a Cash Dividend of $0.375 pesos per share (October 24 th ).

23. 23 2. Stock Performance

24. 24 80 90 100 110 120 130 140 150 160 Dec-05 Jan-06 Feb-06Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06Sep-06 Stock Performance 9M06 IPC: 123 GFNorte: 150 Inbursa: 108

25. 25 Stock’s Daily Turnover Million dollars 9M039M04 2.2 5.2 9M05 7.3 9M06 13.2 CAGR 82%

26. 26 Market’s Most Active Stocks Average daily volume in millions of pesos 9M06 Stock Volume 1)America Móvil58.4 2)Cemex33.4 3)Wal-Mart28.1 4)Telmex24.8 5)Grupo M é xico23.5 6)Televisa16.216.2 7)Banorte13.2 8)Geo8.7 9)ICA7.3 10)Femsa6.7

27. 27 Market Capitalization Million dollars 6,364 3Q06 2,393 1,517 3Q033Q04 4,505 3Q05 CAGR 61%

28. 28