1. 1 GFNORTE 1Q09 Results Conference Call April 30, 2009.

2. 2 Yearly Recap Net Income Net Interest Margin ROA ROE Book Value per Share Past Due Loan Ratio BILLION PESOS Efficiency Ratio 1Q091Q08 1,928 7.9%4.6%* 1,611 2.6%1.1%* 23.2%16.8% 16.7819.26 1.6%2.3% (16%) 1,653 11% 1,611 (3%) Recurring Net Income 53.5% 51.5% * Includes reclassification of repos as balance sheet assets. 15% Performing Loan Growth29%18% Core Deposits Growth9%9%22%

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 QoQYoY4Q081Q081Q09 Non Operating Income, Net 20% (6%) (28%) (5%) 13% 9% 18% (12%) (28%) (16%) 115% (82%) 6,199 1,465 138 1,845 8,044 4,142 3,902 652 (774) 1,611 (2,162) (6) 5,161 1,554 190 1,942 7,103 3,799 3,304 738 (1,075) 1,928 (1,005) (34) (3%)1,6111,653 22%241198 (4%) (8%) (33%) (22%) (9%) (5%) (13%) 58% (31%) 27% (28%) (14%) 27% (57%) Recurring Net Income 6,451 1,596 205 559 2,360 8,811 4,369 4,442 (592) 1,272 (2,983) (7) 413 1,272

4. 4 Non Interest Expense BILLION PESOS EFFICIENCY RATIO Total Income 1Q08 7.1 1Q09 8.0 Non Interest Expense 3.84.1 54% 1Q08 50% 4Q08 13% 9% YoYQoQ4Q08 8.8 4.4 (9%) (5%) 52% 1Q09

5. 5 Deposits Demand Time Total 1Q09 120 82 255 Core Deposits 203 Money Market53 BILLION PESOS QoQ Change YoY 16% 31% 29% 22% 71% (6%) 10% (2%) -% (8%) 4Q08 128 75 261 203 57 1Q08 103 63 197 166 31

6. 6 BILLION PESOS Performing Loan Portfolio QoQ Change YoY Commercial Corporate Government Total Consumer 1Q091Q084Q08 (4%)18% (4%)12% 6%63% (2%)18% (1%)11% 89 44 29 235 74 93 45 27 240 75 76 39 18 199 67 1Q084Q081Q09 199 240 235

7. 7 Performing Consumer Loan Portfolio BILLION PESOS Car Loans Credit Card Loans Payroll Loans Consumer Mortgage Loans YoY Change QoQ 1Q091Q084Q08 1Q084Q081Q09 67 75 74 (1%) 1% (8%) (4%) 3% (1%) 11% 2% 22% 8 14 6 74 46 8 15 7 75 45 7 15 6 67 38

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

9. 9 Asset Quality Past Due Loans Loan Loss Reserves RESERVE COVERAGE PAST DUE LOAN RATIO Total Loan Portfolio BILLION PESOS 109% 127% 135% 1Q084Q081Q09 2.3% 1.6% 2.0% 1Q084Q081Q09 1Q084Q081Q09 3.2 4.0 203 4.9 6.7 242 5.6 6.1 239

10. 10 Provisions As a % of Average Gross Loans 2.0% 1Q08 3.6% 1Q09 5.0% 4Q08

11. 11 Past Due Loans Payroll Car Mortgage Credit Cards Commercial Corporate Government 11 1Q084Q081Q09 2.0% 1.8% 2.2% 5.9% 2.8% 2.2% 1.6% 12.4%13.6% 2.9% 2.5% 1.6%2.0% 0% 1.7% 2.6% 0%

12. 12 SME Reestructuring Program Goal: Avoid an increase in NPL’s for SME’s with Crediactivo loans. Advantages to clients that reestructure. Lower monthly payments. Extension of loan maturity: up to 7 years. Reduction in interest rates for timely payment.  Rate is reduced automatically by one percentage point.  After one year of restructuring.  Only if the client has remained current in payments.  The rate reduction benefit is only one time.

13. 13 Capitalization Tier 1 Tier 2 TOTAL % Tier 1 13 1Q071Q081Q09 9.7% 4.9% 14.6% 66% 11.0% 4.9% 15.9% 69% 10.3% 4.3% 14.6% 70%

14. 14 During March, we issued Ps 2.2 billion in subordinated debt. Term: 10 years with prepayment option after year 5. Rate: TIIE + 200 pb. Rating: Aaa.mx by Moody’s / AA(mex) by Fitch. Strengthen Tier 2 Capital. Placed among institutional clients and our own clientele. Additional securities will be issued. As markets conditions permit. Subordinated Debt

15. Subsidiaries 15

16. Recovery Bank Net Income MILLION PESOS AUM BILLION PESOS 1Q091Q08 Banorte’s Assets Acquired Assets % Investment Projects Total IPAB 16 1Q08 167 1Q09 146 (13%) 38 18 33 26 (13%) 44% 2.63.1 22% 6164 5% 22 0%

17. Long Term Savings MILLION PESOS AFOREINSURANCEANNUITIES Total 17 33 1Q08 39 1Q08 8 1Q09 30 1Q09 12 1Q09 77 1Q08 80 1Q09 119 49%

18. Subsidiaries BROKERAGE HOUSE LEASING AND FACTORING NET INCOME IN MILLION PESOS WAREHOUSING 18 71 1Q081Q09 40 66 5 94 7 1Q081Q091Q081Q09

19. 19 Inter National Bank Net Income Loan Loss Reserves MILLION DOLLARS IN US GAAP Change 19 1Q081Q09 Net Interest Income Non Interest Income Total Income Non Interest Expense Demand Deposits Performing Loans Past Due Loans Time Deposits 6.9 1.0 (11%) (3%) 15.3 2% 3.8 (19%) 19.1(3%) 7.78% 745 (11%) 997 14% 25 10% 692 31% 6.1 0.9 15.5 3.1 18.6 8.4 661 1,136 27 906 2.9 8% 3.1 6.3 (2%)6.1 Recurring Non Interest Income** Recurring Net Income** **Excludes extraordinary income arising from the sale of “securities available for sale”, registered during 2008.

20. 20 Inter National Bank Reserve Coverage PDL Ratio FINANCIAL RATIOS % Change pp 20 1Q081Q09 NIM ROE ROA Efficiency Ratio Leverage Ratio Capitalization Ratio 44.5 2.4 54.0 2.3 9.4 (0.1) 4.2 3.9 (0.3) 22.3 16.5 (5.8) 1.71.4 (0.3) 40.344.9 4.5 11.513.31.8 7.58.20.7

21. 21 More complex economic and financial environment than anticipated. It could complicate even further with swine flu outbreak. Strenghthen bank’s fundamentals. Profitability / Asset Quality / Capitalization / Liquidity / Efficiency. Continue improving our service standards. Continue promoting origination of products. Important opportunities in various segments. Government / SMEs / Mortgage / Bancassurance / Mutual Funds. Promote greater cross selling. Final Remarks

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