1 GFNORTE 3Q08 Results Conference Call October 24, 2008.

2 Yearly Recap Net Income Net Interest Margin ROA ROE Book Value Past Due Loan Ratio MILLION PESOS 9M089M07 Efficiency Ratio Reserve Coverage 5,125 11% 5, %2.5% 23%22% 12% 57%52% 7.4%7.7% 1.5%1.7% % 132% 123%

3 Income Statement MILLION PESOS Net Interest Income Service Fees Recovery Non Interest Income Total Income Non Interest Expense Net Operating Income Non Operating Income, Net Income Tax Net Income Provisions Subs & Minority Interest FX & Trading 2Q08 QoQYoY 3Q073Q08 1, ,989 7,221 (3,903) 3, (751) 1,806 (1,255) (57) 5,2324,435 1, ,939 6,374 (3,607) 2, (806) 1,740 (709) (39) 300 5,756 1, ,028 7,784 (3,736) 4, (982) 2,007 (1,653) % (2%) 90% 2%2% 8%8% (4%) 22% 7%7% 31% 11% 32% 102% (23%) 30% 11% 88% 5%5% 22% 4% 46% 12% 22% 15% 133% 103% (59%)

4 Recurring Provisions / Loans 9M07 1.7% Total Provisions / Loans 1.3% 9M08 2.1% 2.3% 0.4 pp 1.0 pp Recurring Provisions RECURRING PROVISIONS IN MILLION PESOS Adjusted Reserve Coverage* 132% 126% (5.0) pp 2,189 9M07 3,688 9M08 68% * Includes Ps $122 million in credit card reserves for 4Q08

5 Quarterly Net Income MILLION PESOS 1,685 4Q07 1,928 1Q08 1,806 2Q08 2,007 3Q08 1,740 3Q07

6 Core Earnings 1,758 3Q07 2,138 1Q08 2,134 4Q07 (NII + Fees – Expenses – Provisions) MILLION PESOS 1,903 2Q08 2,272 3Q08

7 Non Interest Expense BILLION PESOS EFFICIENCY RATIO Interest Income 3Q Q % Non Interest Expense % 57% 9M07 52% 9M08 55% 3Q07 48% 3Q08

8 Percentage NIM 101% 95% Cetes NIM 1Q072Q073Q074Q071Q082Q083Q Net Interest Margin vs CETES

9 Deposits Demand Time Total Deposits3Q08 3Q Core Deposits Money Market67 24 BILLION PESOS 2Q QoQ Change YoY 11% 7% 32% 9% 180% 1% 4% 9% 2% 34%

10 BILLION PESOS Performing Loan Portfolio 3Q072Q083Q08 QoQ Change YoY Commercial Corporate Government Total Consumer 26%8% 47%6% 42%4%4% 31%6%6% 26%5%5% Q072Q083Q

11 Performing Consumer Loan Portfolio BILLION PESOS Car Loans Credit Card Loans Payroll Loans Consumer Mortgage Loans 3Q072Q083Q08 YoY Change QoQ 12%3%3% 29%2% 18%8%8% 26%5%5% 29%6% Q072Q083Q

Loans to Deposits Ratio Total Loans / Total Deposits 97% 4Q07 98% 3Q07 103% 1Q08 100% 2Q08 95% 2Q07 90% 1Q07 97% 3Q08 12

Funding Breakdown Demand Time Money Market Interbank 49% 29% 12% 10% 47% 49% 45% 43% 30% 28% 27% 26% 12% 13% 21% 11% 10% 15% 10% Retail and Wholesale Deposits (Billion pesos) % 25% 9%

14 Asset Quality Past Due Loans Loan Loss Reserves RESERVE COVERAGE PAST DUE LOAN RATIO Total Loan Portfolio BILLION PESOS 2Q Q Q % 132% 131% 3Q072Q083Q08 1.7% 1.5% 3Q072Q083Q08

15 Past Due Loans 3Q07 Payroll Car Mortgage Credit Cards 1.8% 1.9% 2.4% 5.5% 2Q08 2.0% 1.9% 1.5% 6.7% 3Q08 9.0% 1.9% 2.0’% Commercial1.3%1.4% Corporate0% Government 0% 1.6% 1.4% 0% 15

16 Capitalization Tier 1 Tier 2 TOTAL 3Q063Q073Q08 % Tier % 3.9% 14.9% 74% 12.6% 2.3% 14.9% 84% 10.6% 5.2% 15.8% 67% 16

17 Inter National Bank 9M07 Deposits Net Income (70%) ROE Performing Loans 1, % 927 9M08 1, % 1,084 Efficiency41.6%42.3% NIM4.5%4.2% MILLION DOLLARS IN US GAAP Change 12% 9% 17% 17

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