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Grupo Financiero Banorte

Grupo Financiero Banorte. June 2009. -16%. 15%. -3%. Yearly Recap. MILLION PESOS. 1Q08. 1Q09. Net Income. 1,928. 1,611. 1,653. 1,611. Recurring Net Income. 11%. ROE. 23.2 %. 16.8 %. ROA. 2.6 %. 1.1 %*. 51.5 %. 53.5 %. Efficiency Ratio. Net Interest Margin. 7.9 %. 4.6 %*.

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Grupo Financiero Banorte

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  1. Grupo Financiero Banorte June 2009.

  2. -16% 15% -3% Yearly Recap MILLION PESOS 1Q08 1Q09 Net Income 1,928 1,611 1,653 1,611 Recurring Net Income 11% ROE 23.2% 16.8% ROA 2.6% 1.1%* 51.5% 53.5% Efficiency Ratio Net Interest Margin 7.9% 4.6%* 29% 18% Performing Loan Growth Core Deposits Growth 9% 22% Past Due Loan Ratio 1.6% 2.3% 16.78 19.26 Book Value per Share * Includes reclassification of repos as balance sheet assets.

  3. Income Statement MILLION PESOS 1Q08 4Q08 1Q09 QoQ YoY (4%) Net Interest Income 5,161 6,199 20% 6,451 Non Interest Income (22%) 2,360 1,942 1,845 (5%) Service Fees (8%) 1,596 1,554 1,465 (6%) (33%) Recovery 190 138 (28%) 205 (57%) 198 241 22% FX & Trading 559 Total Income 7,103 8,811 8,044 (9%) 13% (5%) 3,799 4,142 9% Non Interest Expense 4,369 Net Operating Income 3,304 3,902 (13%) 18% 4,442 Provisions (1,005) (2,983) (2,162) (28%) 115% Non Operating Income, Net 738 413 652 58% (12%) Income Tax (1,075) (592) (774) (31%) (28%) Subs & Minority Interest (34) (7) (6) (14%) (82%) Net Income 1,928 1,272 1,611 27% (16%) Recurring Net Income 1,653 1,272 1,611 27% (3%)

  4. Subsidiaries NET INCOME IN MILLION PESOS 4Q08 1Q08 1Q09 QoQ YoY 1,215 Bank 1,718 1,347 11% (22%) (89) Broker Dealer 71 40 - (43%) 100 Long Term Savings 79 119 19% 50% 121 Other Finance Companies 71 101 (16%) 43% (80) Microlending (9) 6 - - 6 Holding (2) (2) (127%) - 1,272 Total 1,928 1,611 27% (16%)

  5. Cost to Income BILLION PESOS 1Q08 4Q08 1Q09 QoQ YoY 7.1 8.8 8.0 (9%) 13% Total Income 3.8 4.4 4.1 (5%) 9% Non Interest Expense EFFICIENCY RATIO 54% 52% 50% 1Q09 4Q08 1Q08

  6. Deposits BILLION PESOS Change 4Q08 1Q08 1Q09 QoQ YoY Demand 103 128 120 (6%) 16% 75 63 82 10% 31% Time 166 203 203 -% 22% Core Deposits Money Market 31 57 53 (8%) 71% Total 197 261 255 (2%) 29%

  7. Performing Loan Portfolio BILLION PESOS 240 235 199 1Q08 4Q08 1Q09 Change 1Q08 4Q08 1Q09 QoQ YoY 67 75 74 (1%) 11% Consumer 76 93 89 (4%) 18% Commercial 39 45 44 (4%) 12% Corporate 18 27 29 6% 63% Government Total 199 240 235 (2%) 18%

  8. Consumer Loan Portfolio BILLION PESOS 75 74 67 1Q08 4Q08 1Q09 Change 1Q08 4Q08 1Q09 QoQ YoY Mortgage Loans 38 45 46 2% 22% Car Loans 7 8 8 (1%) 1% Credit Card Loans 15 15 14 (8%) (8%) Payroll Loans 6 7 6 (4%) 3% 67 75 74 (1%) Consumer 11%

  9. Loan Portfolio Breakdown PERCENTAGE 1Q08 4Q08 1Q09 19 19 20 Mortgage 6 8 6 Credit Card 3 3 3 Payroll /Personal 3 4 3 Car 39 38 38 Commercial 19 19 18 Corporate 11 9 12 Government

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

  11. Asset Quality BILLION PESOS 1Q08 4Q08 1Q09 Total Loan Portfolio 203 242 239 3.2 4.9 5.6 Past Due Loans 4.0 6.7 6.1 Loan Loss Reserves PAST DUE LOAN RATIO RESERVE COVERAGE 2.3% 135% 2.0% 1.6% 127% 109% 1Q08 4Q08 1Q09 1Q08 4Q08 1Q09

  12. Provisions AS A % OF AVERAGE LOANS 5.0% 3.6% 2.0% 1Q09 4Q08 1Q08

  13. Past Due Loans 1Q08 4Q08 1Q09 Credit Cards 5.9% 12.4% 13.6% Payroll 2.0% 2.8% 2.9% Car 1.8% 2.2% 2.5% Mortgage 2.2% 1.6% 1.7% Commercial 1.6% 2.0% 2.6% Corporate 0% 0% 0% Government 0% 0% 0%

  14. SME Reestructuring Program • Goal: Avoid an increase in NPL’s for SME’s with Crediactivo loans. • Advantages to clients that restructure. • 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. • If the client remains current in payments. • The rate reduction benefit is only one time.

  15. Industry Past Due Loans Banorte BBVA - Bancomer Banamex - Citi 4.1% 3.5% 3.4% 3.2% 3.1% 2.4% 2.3% 2.0% 1.4% Dec-08 Mar-09 Dec-08 Mar-09 Jun-08 Mar-09 Jun-08 Jun-08 Dec-08 Santander HSBC Scotia 6.2% 5.6% 4.6% 4.0% 3.5% 3.1% 3.0% 2.7% 2.0% Dec-08 Mar-09 Dec-08 Mar-09 Jun-08 Mar-09 Jun-08 Jun-08 Dec-08 Source: CNBV

  16. Capitalization 1Q07 1Q08 1Q09 Tier 1 11.0% 10.3% 9.7% Tier 2 4.9% 4.3% 4.9% TOTAL 15.9% 14.6% 14.6% % Tier 1 69% 70% 66%

  17. Subordinated Debt • During March, we issued Ps 2.2 billion in subordinated debt. • Term: 10 years with prepayment option after year 5. • Rate: TIIE + 200 bp. • 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.

  18. Recovery Bank MILLION PESOS 1Q08 1Q09 Net Income 167 146 (13%) AUM BILLION PESOS 1Q08 1Q09 % 44% Banorte’s Assets 18 26 (13%) Acquired Assets 38 33 22% Investment Projects 2.6 3.1 0% IPAB 2 2 5% Total 61 64

  19. 49% Long Term Savings MILLION PESOS 1Q08 1Q09 Total 80 119 AFORE ANNUITIES INSURANCE 77 39 33 30 12 8 1Q08 1Q09 1Q08 1Q09 1Q08 1Q09

  20. Other Subsidiaries NET INCOME IN MILLION PESOS WAREHOUSING BROKERAGE HOUSE LEASING AND FACTORING 71 40 94 66 7 5 1Q08 1Q09 1Q08 1Q09 1Q08 1Q09

  21. Inter National Bank MILLION DOLLARS IN US GAAP 1Q08 1Q09 Change 15.3 15.5 2% Net Interest Income 3.8 3.1 (19%) Non Interest Income Total Income 19.1 18.6 (3%) Non Interest Expense 7.7 8.4 8% Loan Loss Reserves 1.0 0.9 (3%) Net Income 6.9 6.1 (11%) Recurring Net Income** 6.3 6.1 (2%) 1,136 997 14% Performing Loans 25 27 10% Past Due Loans 745 661 (11%) Demand Deposits 692 906 31% Time Deposits **Excludes 2008 extraordinaryincomearisingfromthe sale of “securitiesavailablefor sale”.

  22. Inter National Bank FINANCIAL RATIOS % 1Q08 1Q09 Change 4.2 3.9 (0.3) NIM 22.3 16.5 (5.8) ROE 1.7 1.4 ROA (0.3) Efficiency Ratio 40.3 44.9 4.5 PDL Ratio 2.4 2.3 (0.1) Reserve Coverage 44.5 54.0 9.4 Leverage Ratio 7.5 8.2 0.7 Capitalization Ratio 11.5 13.3 1.8

  23. Final Remarks • More complexeconomic and financialenvironmentthananticipated. • GDP contraction in 2Q09 willbe similar tothefirstquarter. • Swinefluoutbreakdelayedrecoverybyonequarter. • Economyshouldrebound in thesecondhalf of theyear. • Electoral process in Julywillnotprovideanabsolutemajoritytoanyparty in thelowerhouse of Congress. • Politicallandscapewillnotimprove in thenextthreeyears. • Structuralreforms are stillneededtopropeleconomicgrowth. • Tighterregulationoncreditcard reserves isexpected.

  24. Final Remarks • Continuestrenghtheningthebank’sfundamentals. • Profitability / Asset Quality / Capitalization / Liquidity / Efficiency. • Exploitmarketopportunities in varioussegments. • Government / SMEs / Mortgage / Bancassurance / Mutual Funds. • Promotegreatercrossselling. • Differentiate versus ourcompetitors. • Betterservicestandards. • Faster response / decisionmakingprocess. • Improvedriskmanagement / collectionplatform.

  25. Contact Information David Suarez Investor Relations Officer Tel: (52 55) 52.68.16.80 E-mail: investor@banorte.com www.banorte.com/ri

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