1. GFNORTE 2Q09 July, 2009.

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

3. 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% 18.12 7.6% 19.30 4.4%* 2,923 15.6% 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

4. 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 1,465 138 2,070 8,269 (4,341) 3,928 425 (574) 1,611 (2,162) (6) 1,611 242 Recurring Net Income 5,225 1,695 117 159 - 1,971 7,196 (3,903) 3,293 576 (751) 1,806 (1,255) (57) 1,742 Other Income and Expense226 1,454 164 157 147 1,922 7,760 (4,037) 3,723 193 (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. 5 ROEROA 2.5% 1H08 21.8% 1H08 15.2% 1H09 1.0%* 1H09 Profitability * Includes repos reclassified as balance sheet assets.

6. Cost to Income BILLION PESOS EFFICIENCY RATIO Total Income 2Q08 7.2 2Q09 7.8 Non Interest Expense 3.94.0 54% 2Q08 53% 1Q09 8% 3% YoYQoQ1Q09 8.3 4.3 (6%) (7%) 52% 2Q09 6

7. Deposits Demand Time Total 2Q09 124 83 265 Core Deposits 207 Money Market59 BILLION PESOS QoQ Change YoY 16% 29% 20% 21% 16% 3% 1% 4% 2% 11% 1Q09 120 82 255 203 53 2Q08 107 64 221 171 50 7

8. BILLION PESOS Performing Loan Portfolio 2Q081Q092Q09 YoY Change QoQ 2Q081Q092Q09 217 235 Commercial 10%(3%) Corporate 0%(2%) Government 31%12% Total8%8%0%0% Consumer4%4%(1%) 86 43 32 235 74 89 44 29 235 74 79 43 24 217 71 8

9. Consumer Loan Portfolio BILLION PESOS 2Q081Q092Q09 71 74 Consumer Car Credit Card Payroll / Personal Mortgage 2Q081Q092Q09 YoY Change QoQ (2%) (20%)(7%) (4%)(1%) 4%4% 17%2%2% 7 13 6 74 47 8 14 6 74 46 8 16 7 71 40 9

10. Loans to Deposits Ratio TOTAL LOANS /TOTAL DEPOSITS 103% 1Q08 99% 2Q08 97% 3Q08 10 93% 4Q08 92% 1Q09 88% 2Q09

11. 2. Asset Quality

12. 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% 2Q081Q092Q09 3.2 4.2 220 6.3 6.4 238 5.6 6.1 239 12

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

14. 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% 1Q092Q09 13.6% 2.9% 2.5% 1.5% 0% 1.7% 2.6% 0% 14.4% 3.0% 1.9% 3.4% 0% 0.1%

15. 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

16. 3. Capital Management

17. 17 Capitalization Tier 1 Tier 2 TOTAL % Tier 1 17 2Q081Q092Q09 10.7% 5.0% 15.7% 68% 9.7% 4.9% 14.6% 66% 10.7% 4.9% 15.6% 69%

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

19. 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.

20. 20 +1 +2 = 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

21. 4. Subsidiaries

22. Recovery Bank Net Income MILLION PESOS AUM BILLION PESOS 2Q092Q08 Banorte’s Assets Acquired Assets % Investment Projects Total IPAB 22 1H08 318 1H09 219 38.7 19.2 32.0 28.9 (18%) 50% 2.63.2 22% 62.066.0 6% 1.41.5 6%

23. Long Term Savings NET INCOME IN MILLION PESOS AFOREINSURANCEANNUITIES Total 23 2Q08 64 2Q09 61 6 2Q08 22 2Q09 0 2Q08 (4) 2Q09 58 2Q08 43 2Q09

24. 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

25. Subsidiaries BROKER DEALERLEASING AND FACTORING NET INCOME IN MILLION PESOS WAREHOUSING 25 78 2Q08 106 2Q09 7 2Q08 7 2Q09 143 2Q08 32 2Q09

26. 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 6.0 2.2 (150%) 482% 16.3 (16%) 3.7 11% 20.0(11%) 8.712% 707 3% 1,018 7% 13.5 321% 713 35% (3.0) 12.8 13.6 4.1 17.8 9.8 730 1,086 56.9 964

27. 27 FINANCIAL RATIOS (%) Reserve Coverage PDL Ratio Change2Q08 96.6 1.3 2Q09 37.4 4.9 (59.2 pp) 3.6 pp MIN 4.2 3.3(0.9 pp) ROE18.7(4.6)(23.3 pp) ROA1.4(0.6)(2.0 pp) Efficiency43.755.211.4 pp Capitalization Ratio11.614.12.5 pp Tier 1 Capital8.27.8(0.4 pp) Inter National Bank

28. 5. Final Remarks

29. 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.

30. Contact Information David Suarez Investor Relations Officer Tel: (52 55) 52.68.16.80 E-mail: investor@banorte.com www.banorte.com/ri