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1 3Q06 Results November, 2006. 2 1.3Q06 Results. 2.Stock Performance. Contents.

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Presentation on theme: "1 3Q06 Results November, 2006. 2 1.3Q06 Results. 2.Stock Performance. Contents."— Presentation transcript:

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% % 44%21% % 25% 4, %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% T043T044T041T052T053T054T051T062T063T06

7 7 Non Interest Expense MILLION PESOS EFFICIENCY RATIO Non Interest Expense More Business volume 109 Solida employees 270 Investment program M05 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 Deposits3Q043Q063Q % 37% 100% % 37% 100% % 38% 100% 17%3% 18% 16% 4% 3%

9 9 BILLION PESOS Performing Loan Portfolio Commercial Corporate Government Total Consumer 3Q052Q063Q06 Variation 3Q052Q063Q QoQYoY 23%3%3% 3% (7%)(2%) 23%3%3% 33%6%6%

10 10 Performing Consumer Loan Portfolio BILLION PESOS Consumer Car loans Credit Card Payroll loans Mortgage 3Q052Q063Q06 3Q052Q063Q Variation QoQ YoY 3%0%0% 44%8% 53%7%7% 33%6%6% 36%7%7%

11 11 LOAN ORIGINATION Billion Pesos Consumer Loans MORTGAGE AUTO PAYROLL AND PERSONAL 9M059M069M059M069M059M % 8% 39%

12 12 Asset Quality BILLION PESOS Past Due Loans Loan Loss Reserves RESERVE COVERAGE PAST DUE LOAN RATIO Total Loan Portfolio 3Q052Q063Q % 165% 174% 3Q052Q063Q06 1.6% 1.8% 1.6% 3Q052Q063Q06

13 13 Capitalization Ratio Tier 1 Tier 2 TOTAL Percentage Tier 1 3Q043Q053Q % 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 9M M M Q033Q04 3Q05 Banorte IPAB Q06 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 3Q %

17 17 Banorte Fácil 602 9M05 9M06 1,648 3Q05 3Q % % THOUSANDS OF CLIENTS Number BALANCE MillIons of Pesos

18 18 Enlace Express 48 9M05 9M Q05 3Q % 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 3Q % 1,222 96% THOUSANDS OF CLIENTS Number BALANCE MillIons of Pesos

20 20 Créditos ProNegocio 33 9M05 9M Q05 3Q % % 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 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 9M039M M M 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)Televisa )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


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