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

2. 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% 18.12 7.6% 19.30 4.4%* 2,923 15.6% 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. 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 1,465 138 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. 4 Non Interest Expense 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

5. 5 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

6. 6 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

7. 7 Performing Consumer Loan Portfolio BILLION PESOS Consumer Car Credit Card Payroll / Personal Mortgage 2Q081Q092Q09 YoY Change QoQ 2Q081Q092Q09 71 74 (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

8. Loans to Deposits Ratio TOTAL LOANS /TOTAL DEPOSITS 103% 1Q08 99% 2Q08 97% 3Q08 8 93% 4Q08 92% 1Q09 88% 2Q09

9. 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% 2Q081Q092Q09 3.2 4.2 220 6.3 6.4 238 5.6 6.1 239

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

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

12. 12 Capitalization Tier 1 Tier 2 TOTAL % Tier 1 12 2Q081Q092Q09 10.7% 5.0% 15.7% 68% 9.7% 4.9% 14.6% 66% 10.7% 4.9% 15.6% 69%

13. 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.

14. Subsidiaries 14

15. Recovery Bank Net Income MILLION PESOS AUM BILLION PESOS 2Q092Q08 Banorte’s Assets Acquired Assets % Investment Projects Total IPAB 15 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%

16. Long Term Savings NET INCOME IN MILLION PESOS AFOREINSURANCEANNUITIES Total 16 2Q08 64 2Q09 61 6 2Q08 22 2Q09 0 2Q08 (4) 2Q09 58 2Q08 43 2Q09

17. 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

18. Subsidiaries BROKER DEALERLEASING AND FACTORING NET INCOME IN MILLION PESOS WAREHOUSING 18 78 2Q08 106 2Q09 7 2Q08 7 2Q09 143 2Q08 32 2Q09

19. 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 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

20. 20 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

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