1. 1 GFNORTE 3Q09 Results Conference Call October 28, 2009.

2. 2 Yearly Recap GFNorte Performing Loan Growth Net Income Book Value Per Share Net Interest Margin Million Pesos ROE ROA Efficiency Past Due Loan Ratio Recurring Net Income * Includes repos reclassified as balance sheet assets. 31% 2%2% 9M099M08 5,742 11% 34.92 1.89 7.7% 2.28 4.4%* 4,352 45.19 2.5% 1.0%* 22%15% 18.4319.86 1.7% 2.5% 5,397 11% 4,352 51.9%51.6% 29% 8% (24%) 20% (19%) Stock Price P/BV

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 Non Operating Income, Net Other Income and Expense 9M099M08 Change 16,134 4,913 530 5,924 22,058 (11,438) 10,620 1,932 (2,808) 5,742 (3,912) (90) (4%) 2% 39% 27% 4%4% 1% 6% (18%) 27% 9% (2%) (31%) QoQ 481 - 146% 120% 2T093T09 5,838 1,447 164 167 154 1,933 7,771 (4,024) 3,747 168 (429) 1,312 (2,188) 14 AoA 5,592 1,481 229 411 340 2,461 8,053 (4,073) 3,980 138 (545) 1,428 (2,154) 10 17,629 4,375 531 6,459 24,088 (12,421) 11,667 720 (1,549) 4,352 (6,504) 18 823 730 9%9% (11%) - 9%9% 9%9% 9% 10% (63%) (45%) (24%) 66% 120% 71% NA

4. 4 2Q09 1,312 3Q08 2,007 4Q08 1,272 1Q09 1,611 3Q09 1,428 Quarterly Net Income MILLION PESOS 9%

5. 5 Non Interest Expense BILLION PESOS EFFICIENCY RATIO Total Income 3Q08 7.8 3Q09 8.0 Non Interest Expense 3.74.1 48% 3Q08 52% 2Q09 4% 9% YoYQoQ2Q09 7.8 4.0 4% 1% 51% 3Q09 Including employee profit sharing in 3Q08: +2%

6. 6 Deposits Demand Time Total 3Q09 122 84 270 Core Deposits 206 Money Market64 BILLION PESOS QoQ Change YoY 14% 26% 12% 18% (5%) (1%) 1% 2% -% 9% 2Q09 124 83 265 207 59 3Q08 108 67 241 174 67

7. 7 BILLION PESOS Performing Loan Portfolio 3Q082Q093Q09 YoY Change QoQ Commercial -(4%) Corporate (9%)(3%) Government 33%6%6% Total2%2%- Consumer-1%1% 85 41 34 235 74 86 43 32 235 74 85 45 25 230 74 3Q082Q093Q09 230 235

8. 8 Performing Consumer Loan Portfolio BILLION PESOS Consumer Car Credit Card Payroll / Personal Mortgage 3Q082Q093Q09 YoY Change QoQ (7%)(1%) (25%)(4%) (9%)2% -1%1% 12%2%2% 7 12 6 74 48 7 13 6 74 47 8 16 7 74 43 3Q082Q093Q09 74

9. Loans to Deposits Ratio TOTAL LOANS /TOTAL DEPOSITS 9 97% 3Q08 93% 4Q08 93% 1Q09 90% 2Q09 88% 3Q09 103% 1Q08 99% 2Q08

10. Funding and Loan Portfolio Structure FUNDINGLOAN PORTFOLIO Commercial Government Corporate Consumer Mortgages 36% 21% 15% 11% 17% 41% 28% 21% Demand Money Market Time 10% Inter-bank Loans 10

11. Market Share CORE DEPOSITS PERFORMING LOANS Banamex Citibank 21% Banorte 14% BBVA Bancomer 31% Santander 14% HSBC 13% Scotiabank 6% Banamex Citibank 22% Banorte 15% BBVA Bancomer 32% Santander 14% HSBC 11% Scotiabank 7% Source: CNBV September 2009 11

12. Asset Quality and Capitalization 12

13. 13 Asset Quality Past Due Loans Loan Loss Reserves RESERVE COVERAGE RATIO PAST DUE LOAN RATIO Total Loan Portfolio BILLION PESOS 3Q082Q093Q09 4.0 4.9 233 6.3 6.4 238 6.1 7.5 237 124% 123% 102% 3Q082Q093Q09 2.5% 1.7% 2.6% 3Q082Q093Q09

14. 14 Past Due Loans Payroll Car Mortgage Credit Cards Commercial Corporate Government 14 3Q082Q09 3.0% 1.9% 14.4% 3Q09 3.4% 0.1% 0% 9.0% 2.2% 2.0% 1.6% 1.7% 0% 4Q08 12.4% 2.8% 2.2% 1.6% 2.0% 0% 1Q09 13.6% 2.9% 2.5% 1.7% 2.6% 0% 2.8% 2.7% 2.0% 12.7% 3.6% 0.1% 0%

15. Scotia 3.7% Banorte 2.5% Bancomer 4.1% Santander 2.4% HSBC 5.7% Banamex 2.3% September 2009 Source: CNBV Industry PDL Ratios 15

16. Bancomer 4.9% Banorte 1.9% Scotia 4.9% Santander 1.7% HSBC 10.0% Banamex 3.1% September 2009 Source: CNBV Industry PDL Ratio: Mortgages 16

17. HSBCScotia 9.7% Banorte 12.7% Bancomer 10.1% Santander 9.0% 14.9% Banamex 7.0% September 2009 Source; CNBV Industry PDL Ratio: Credit Cards 17

18. 18 Capitalization 18 Tier 1 Tier 2 TOTAL 3Q08 % Tier 1 10.6% 5.2% 15.8% 67% 2Q09 10.7% 4.9% 15.6% 69% 3Q09 10.9% 5.2% 16.1% 68% 4Q08 9.4% 5.6% 15.0% 63% 1Q09 9.7% 4.9% 14.6% 66%

19. Source: CNBV Banamex 17.2% Banorte 15.7% Bancomer 14.5% Santander 12.9% HSBC 13.2% Scotia 16.1% August 2009 Industry Capitalization Ratios 19

20. Subsidiaries 20

21. Recovery Bank Net Income MILLION PESOS AUM BILLION PESOS 2Q093Q08 Banorte’s Assets Acquired Assets Investment Projects Total IPAB 21 9M08 485 9M09 402 (17%) 34.0 21.3 30.0 30.9 (12%) 45% 3.1 - 59.964.5 8% 1.50.4 (74%) 32.0 28.9 3.2 65.6 1.5 3Q09 Change YoY

22. Long Term Savings NET INCOME IN MILLION PESOS AFOREINSURANCEANNUITIES Total 22 9M08 254 9M09 267 62 9M08 173 9M08 20 9M08 89 9M09 15 9M09 163 9M09 5%

23. Long Term Savings Assets Under Management Billion pesos 3Q093Q08 13.2 56.1 11.6 68.1AFORE Insurance Change YoY (13%) 21% 13.716.9Annuities24% 83.096.6Total 16% 2Q09 12.2 62.8 16.3 91.2 23

24. Subsidiaries BROKER DEALER LEASING AND FACTORING NET INCOME IN MILLION PESOS WAREHOUSING 24 197 9M08 291 9M09 17 9M08 20 9M09 272 9M08 115 9M09 48% 12% (58%)

25. Inter National Bank Net Income Loan Loss Reserves MILLION DOLLARS IN US GAAP Net Interest Income Non Interest Income Total Income Non Interest Expense Change Total Deposits Performing Loans (MXGAAP) Past Due Loans (MXGAAP) 2Q09 13.6 4.1 17.8 9.8 12.8 (3.0) 1,694 1,118 34 3Q09 15.3 4.1 19.3 9.2 3.0 4.7 1,753 1,126 45 QoQ 12% (1.2%) 9% (6%) (76%) 255% 3.5% 0.7% 32% 25

26. 26 Financial Ratios (%) Inter National Bank MIN ROE ROA Efficiency PDL Ratio (MXGAAP) Reserve Coverage ( MXGAAP) Capitalization Ratio Tier 1 Capital 2Q09 3.3% (7.9%) (0.7%) 55.2% 2.9% 73.3% 13.7% 7.8% 3Q09 3.5% 10.7% 1.0% 47.7% 3.8% 70.6% 16.9% 9.3%

27. Quarterly Events Authorization to operate through correspondent banking. Launch of “Anniversary Mortgage” with 11% interest rate. Launch of "Cuenta Fuerte“, account with bundled products. Dividend Payment of Ps 0.18 per share; first of three payments. Formalization of IFC’s investment in Banco Mercantil del Norte. INB signs a formal agreement with the OCC. Pronegocio micro-lending unit is merged with Banorte. 27

28. Final Considerations There are signals of economic recovery, but the environment will continue to be challenging. Economic uncertainty highlights the need to strengthen the bank’s fundamentals. There are challeges ahead, but also enormous opportunities.  Capital  Liquidity  Quality of origination 28  Internal Control  Collections and recoveries  Cost containment  Economic recovery  Regulatory environment  Asset Quality  Correspondent banking  Cross selling  Client service  IT investments

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