1. 11 GFNORTE November 2008.

2. 2 Yearly Recap Net Income Net Interest Margin ROA ROE Book Value Past Due Loan Ratio MILLION PESOS 3Q083Q07 1,740 15% 2,007 22.3%21.8% 2.6%2.4% Efficiency Ratio 55.4%48.0% 7.7% 1.5%1.7% Reserve Coverage 132%123% 15.9818.44 15%

3. 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 1,712 117 160 1,989 7,221 (3,903) 3,318 551 (751) 1,806 (1,255) (57) 5,2324,435 1,520 119 1,939 6,374 (3,607) 2,767 527 (806) 1,740 (709) (39) 300 5,756 1,682 223 2,028 7,784 (3,736) 4,048 593 (982) 2,007 (1,653) 1 123 10% (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. 4 Subsidiaries NET INCOME IN MILLION PESOS Bank Broker Dealer Insurance / AFORE Other Finance Companies Total 2Q08 QoQYoY 3Q073Q08 143 63 85 1,806 1,5221,545 72 66 55 1,740 1,802 58 111 60 2,007 18% (59%) 76% (29%) 11% 17% (19%) 67% 8% 15% Microlending(7)2(24)-(1,214%) Holding1--(108%) -

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

6. 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. 7 Non Interest Expense BILLION PESOS EFFICIENCY RATIO Interest Income 3Q07 6.3 3Q08 7.7 22% Non Interest Expense3.63.7 4% 57% 9M07 52% 9M08 55% 3Q07 48% 3Q08

8. 8 PERCENTAGE NIM 113% 95% Cetes NIM 1Q072Q073Q074Q071Q082Q083Q08 7.1 7.0 7.1 7.2 7.4 7.5 7.7 8.2 7.4 7.9 7.5 8.1 7.7 Net Interest Margin vs CETES

9. 9 Deposits Demand Time * Total 3Q08 3Q07 108 134 241 97 86 183 BILLION PESOS 2Q08 107 114 221 QoQ Change YoY 11% 56% 32% 1% 17% 9% * Retail time deposits plus money market promissory notes.

10. 10 Funding Evolution Demand Time * Interbank 49% 39% 12% 47% 49% 45% 43% 42% 41% 47% 11% 10% 15% 10% Retail and Wholesale Deposits (Billion pesos) 206.6 205.3 226.2 231.5 246.0 41% 51% 9% 264.8 10 * Retail time deposits plus money market promissory notes.

11. 11 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% 85 45 25 230 74 79 43 24 217 71 68 31 18 175 59 3Q072Q083Q08 175 217 230

12. 12 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% 8 16 7 74 43 8 16 7 71 40 7 13 6 59 33 3Q072Q083Q08 59 71 74

13. 13 Loan Portfolio Breakdown 3Q073Q082Q08 Mortgage Credit Card Payroll /Personal Car Commercial Corporate Government 19 4 7 3 39 18 10 19 4 7 3 36 20 11 19 3 7 3 37 20 11 PERCENTAGE 3Q06 22 5 6 4 36 17 10

14. 14 Loans to Deposits Ratio Total Loans / Total Deposits 97% 4Q07 98% 3Q07 103% 1Q08 100% 2Q08 95% 2Q07 90% 1Q07 97% 3Q08

15. 15 Asset Quality Past Due Loans Loan Loss Reserves RESERVE COVERAGE PAST DUE LOAN RATIO Total Loan Portfolio BILLION PESOS 2Q08 3.2 4.2 220 3Q07 2.7 3.6 180 3Q08 4.0 4.9 233 123% 132% 131% 3Q072Q083Q08 1.7% 1.5% 3Q072Q083Q08

16. 16 New Reserve Requirements CNBV instructed the banks to increase the reserves on credit cards with zero missed payments from 0.5% to 2.5%: 2Q08: $103 million pesos against equity. 3Q08: $121 million against P&L. 4Q08: $122 million against P&L. Possible increase in 2009. 2.5% to 4%. Response to increase in delinquencies. Growth in this product will slow down.

17. 17 Provisions As a % of Average Gross Loan Book 2.9%* 1.6% 2.4% 3Q072Q083Q08 2.6% Recurring * The non recurring item corresponds to Ps $121 million from a new requirement by the authorities.

18. 18 Past Due Loans 3Q07 Payroll Car Mortgage Credit Cards 1.8% 2.4% 5.5% 2Q08 2.0% 1.7% 1.5% 6.7% 3Q08 9.0% 1.9% 1.8% Commercial1.2%1.1% Corporate0% Government 0% 1.6% 1.3% 0%

19. 19 Capitalization Tier 1 Tier 2 TOTAL 3Q063Q073Q08 % Tier 1 11.0% 3.9% 14.9% 74% 12.6% 2.3% 14.9% 84% 10.6% 5.2% 15.8% 67%

20. 20 Inter National Bank 3Q07 Deposits Net Income (70%) ROE Performing Loans 1,269 4.2 20.9% 928 3Q08 1,415 5.0 20.9% 1,084 Efficiency42.2%42.8% NIM4.4%4.2% MILLION DOLLARS IN US GAAP YoY 12% 19% 17% 2Q08 1,420 4.1 18.3% 1,018 43.9% 4.1% QoQ 0%0% 20% 6%

21. 21 Banorte’s medium term strategy. Adequate reading of environment. Maintain solid fundamentals. - Deposits- Costs - Capitalization- Collections - Asset Quality- Liquidity Moderation in growth strategy / investments. Strict risk management practices. Anticipate market opportunities. Final Considerations

22. 22 www.banorte.com/ri investor@banorte.com