GFNORTE 3Q13 Results. Conference Call October 25 th, 2013.

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GFNORTE Results Conference Call October 25 th, 2013.

Material Events Organizational Changes. As part of ongoing efforts to focus the organization towards a client-centered business model, the following appointments and organizational adjustments were made: I. Areas that report directly to the Board of Directors On August 3rd, Martha Elena Navarrete Villarreal was appointed Managing Director of Internal Audit, an area that will report directly to the Audit and Corporate Practices Committee, body of the Board of Directors. On July 25th, the Board of Directors decided that the Head of Corporate Affairs, Sergio Garcia Robles Gil, and the Director of Social Responsibility, Mayra Hernandez Gonzalez, would report directly to the Board. II. Business Areas On July 25th 2013, the Board of Directors approved a new organizational structure in order to achieve a business model based on products, segments and channels, in order to focus the strategy towards client service. As a result, Manuel Antonio Romo Villafuerte was appointed Managing Director of Consumer Products and Jesus Garza Martinez was appointed Managing Director of Retail Banking, in charge of segments and channels. Both of them report directly to GFNORTE s CEO. 2

Material Events Organizational Changes. III. Staff Areas In order to consolidate the staff and support areas and improve the organization s internal service levels, on October 24th, GFNORTE s Board of Directors appointed Rafael Arana de la Garza as Chief Operating Officer (COO), who in turn will report to GFNORTE s CEO. The areas of Corporate Services, Finance and Investor Relations, Strategic Planning and Value Creation, Customer Experience, Marketing, Legal, Technology and Operations, Institutional Relations and Communications, and the Project Sumando (IBM Alliance) will all report to the COO. As part of these changes, David Ricardo Suarez Cortazar was appointed as Chief Financial Officer (CFO); Fausto Hernandez Pintado was appointed as Chief Strategic Planning and Value Creation Officer; and Concepcion Guadalupe Borjon Shears was appointed as Leader of Programa Sumando. Furthermore, the position of Managing Director of Customer Experience was created and is currently vacant. 3

Material Events GFNORTE announces the total payment of the USD $800 million dollars syndicated loan; while Banco Mercantil del Norte announces the payment of the USD $120 million non-preferred, noncumulative callable perpetual subordinated obligations. Last August 30th, GFNORTE informed that as part of the use of proceeds from the Global Public Offering carried out in July 2013, through which 447'371,781 common shares of the Financial Group equivalent to approximately USD $2.50 billion dollars were sold, it amortized on July 26th the syndicated loan granted by 4 financial institutions without any guarantee by the Financial Group or any of its subsidiaries and which was disbursed in February 2013 with a term of 364 days for a total amount of USD $800 million dollars. Furthermore on August 28th it was informed that Banco Mercantil del Norte exercised the prepayment option on August 26th to settle the USD $120 million Non-Preferred, Non- Cumulative Callable Perpetual Subordinated Obligations which were registered at the Luxembourg Stock Exchange. This perpetual subordinated debt was issued in February, 2007 by Ixe Banco and given the merger of Ixe Banco with Banorte, in May of this year, Banorte assumed responsibility for each and every one of Ixe's obligations. 4

Material Events GFNORTE finalizes the acquisition of Assicurazioni Generali's minority interest in insurance and annuities. As part of the use of proceeds from the Public Offering, and as a follow up to the material event published on June 11th, 2013 by GFNORTE regarding the binding agreement under which GFNORTE would acquire the remaining 49% of the equity representative common shares of Seguros Banorte Generali and Pensiones Banorte Generali held by Generali Group, GFNORTE informed to the investment public on October 4th, that it had obtained the corresponding government authorizations in order to finalize the acquisition. The total amount of the transaction was US 858 million, including excess capital: US 637 million for Seguros Banorte Generali and US 221 million for Pensiones Banorte Generali. 5

Material Events Shareholders' Meeting. On October 14th, GFNORTE's Ordinary General Shareholders Meeting was held, with 91.0% of the total subscribed and paid shares of the Company's capital represented. Some of the agreements reached at the Meeting were: Approval to distribute a cash dividend of Ps. $0.7852 per share, derived from the retained earnings of previous years, which will be paid in four installments of Ps $0.1963 per share each, on October 23rd, 2013, January 23rd, 2014, April 23rd, 2014 and July 23rd, 2014, respectively. This dividend was approved by the Group's Board of Directors last July 25th, 2013. The total amount of the dividend to be paid represents 20% of the recurring profits of 2012 and the payout was determined according the dividend policy approved on October 2011, which establishes a payment of 20% of the recurring net income in the event that annual profit growth is greater than 20%. 6

Material Events Credit Ratings. On September 10th, Moody s de México and Moody s Investors Service ratified the global and national-scale ratings of Banco Mercantil del Norte, Arrendadora y Factor Banorte and Casa de Bolsa Banorte Ixe with a stable outlook. This follows GNORTE s Primary Public Offering, which will enable the Group to finance its recent acquisitions and pay down debt, including the payment of some of Banorte s subordinated debt. In September 2013, Fitch Ratings gave its opinion of the upcoming fund mergers of Operadora de Fondos Banorte Ixe, following the announcement of its intention to merger 16 funds of the 43 mutual funds comprising its current range of funds (which is expected to be completed in December 2013 at the latest), the rating agency informed that it does not expect any changes in their ratings, as the funds have similar characteristics in terms of rating, investment strategy, horizon and share purchasing policy, besides a solid organizational structure that includes directors with many years of experience in the financial sector. 7

Material Events Recognitions. Institutional Investor Magazine s Rankings. Best Latin America Executive Team 2013 For a 4th consecutive year, GFNORTE s Management and Investor Relations team figured among the top Mexican companies and Latin American banks. In Mexico it ranked ahead of América Móvil, Wal-Mart, FEMSA, Cemex, Bimbo, Banregio, Compartamos, Santander México, among more than 60 companies. At the regional level the group was placed ahead of institutions like Santander Chile and Brazil, BTG, Bradesco, Bancolombia, Banco Do Brasil, Credicorp, among more than 30 banks. 8

Material Events Planet Payment and Banorte announced MICROS Payment Gateway. In October Planet Payment, one of the main international payment processing and multi-currency payment providers, and Banorte announced the initial implementation of MICROS Payment Gateway integrated in the Pague en su Moneda Service (Pay in your Currency), which enables international consumers and users to pay for purchases and accommodation expenses in their own currency, while at the same time lowering transaction processing costs for businesses or service providers. Banorte launches green platform for Micro, Small and Medium Sized Enterprises (MiSME). Within the framework of the Green Businesses Summit 2013 organized by the Global Institute for Sustainability at the Tecnológico de Monterrey, Banorte presented the eco-efficiency platform for MiSMEs, which seeks to achieve a more sustainable production chain to make SMEs that are bank clients and service providers more competitive. Banorte s initial commitment is to finance projects with the most potential to develop green markets. 9

Yearly Recap GFNorte Million Pesos 9M12 9M13 Net Income 7,878 25% 9,886 ROE 14.1% 14.3% ROA 1.2% 1.4% Efficiency 55.2% 51.8% Net Interest Margin 4.1% 4.2% Performing Loan Growth 20% 6% Past Due Loan Ratio 1.9% 3.2% Stock price (pesos) 72.76 12% 81.73 Book Value per Share 33.70 31% 44.24 P/BV 2.16 1.85 Earnings per Share 3.39 20% 4.05 10

Income Statement Net Interest Income Non Interest Income Service Fees Recoveries Million pesos 2Q13 8,054 9,281 3,437 3,990 1,530 1,875 322 303 Change QoQ YoY 9,640 4% 20% 3,333 (16%) (3%) 1,844 (2%) 20% 126 (58%) (61%) FX & Trading 1,024 824 610 (26%) (40%) Other Income (expenses) 562 990 754 (24%) 34% Total Income 11,491 13,271 12,973 (2%) 13% Non Interest Expense (6,232) (6,687) (6,613) (1%) 6% Net Operating Income 5,259 6,584 6,360 (3%) 21% Provisions (1,524) (3,132) (1,903) (39%) 25% Income Tax (806) (167) (1,084) 548% 35% Subs & Minority Interest (150) (64) 153 (337%) (202%) Net Income 2,780 3,220 3,526 9% 27% 11

Non Interest Expense Billion Pesos 9M12 9M13 Total Expense 19.2 24% 8% 20.7 6.2 24% 6% 6.6 Efficiency Ratio 55% 55% 52% 54% 51% 9M11 9M12 9M13 12

Quarterly Net Income Million Pesos 3,010 27% 3,140 3,220 9% 3,526 2,780 xx% 27% 3,010 4Q12 1Q13 2Q13 13

ROTE and Return on Risk Weighted Assets Return on Tangible Common Equity (ROTE) & Return on Risk Weighted Assets (RRWA) 2Q13 Reported ROE 14.5% 15.3% 14.0% Goodwill & Intangibles $18,446 $21,198 $21,734 Average Tangible Equity $54,307 $61,940 $71,068 ROTE 19.1% 19.6% 18.1% Reported ROA 1.3% 1.4% 1.5% Average Risk Weighted Assets $383,305 $411,017 $428,043 RRWA 2.7% 3.0% 3.0% 14

Assets under Management Billion Pesos 42% 1,827 1,834 1,432 521 531 Afore XXI Banorte 1,296 203 50 81 237 58 95 67 114 69 116 Insurance and Annuities Mutual Funds 498 548 577 567 Broker Dealer 464 494 548 551 Banking Sector 2011 2Q13 15

Deposits Billion Pesos Deposits 3Q11 Demand Time 171 115 15% 8% 196 20% 236 5% 7% 123 (2%) 4% 128 Core Deposits 286 12% 7% 320 14% 364 Mix Demand 60% 61% 65% Time 40% 39% 35% 100% 100% 100% *Balance as of includes Ps 9.54 billion which are an investment by de Holding Company, excluding this amount, the YoY growth would be 15% in Total Demand Deposits and 11% in Core Deposits. 16

Performing Loan Portfolio Billion Pesos 412 390 414 2Q13 2Q13 Change QoQ YoY Consumer 114 129 135 4% 18% Commercial 107 109 110 1% 3% Corporate 87 84 79 (6%) (9%) Government 82 91 91 0% 10% Total 390 412 414 1% 6% 17

Performing Consumer Loan Portfolio Billion Pesos 129 135 114 2Q13 2Q13 Change QoQ YoY Mortgage 70 77 79 3% 14% Car 10 11 11 3% 10% Credit Cards* 16 19 20 6% 21% Payroll 17 22 24 9% 40% Consumer 114 129 135 4% 18% * Includes the credit card SOFOM Ixe Tarjeta s portfolio since 1Q12 18

Funding and Loan Portfolio Structure FUNDING LOAN PORTFOLIO $ 459 Billion Pesos $428 Billion Pesos Interbank Loans Consumer Money Markets 17% 6% 49% Demand Mortgage 19% 13% 27% Commercial 28% 19% 22% Time Corporate Government 19

Asset Quality PAST DUE LOAN RATIO COVERAGE RATIO 3.2% 147% 158% 1.9% 2.2% 106% 2Q13 2Q13 20

Past Due Loan Ratios 4Q12 1Q13 2Q13 Credit Cards 5.3% 5.0% 5.7% 6.0% 6.0% Payroll 1.9% 2.2% 2.2% 2.4% 2.3% Car Loans 1.4% 1.3% 1.1% 1.4% 1.6% Mortgage 1.2% 1.1% 1.1% 1.2% 1.3% Commercial 3.7% 4.3% 4.3% 3.5% 3.9% Corporate 1.5% 1.6% 1.6% 2.6% 7.5% Government 0.1% 0.1% 0.0% 0.1% 0.0% GFNorte s NPL Ratio 1.9% 2.1% 2.1% 2.2% 3.2% 21

Capitalization and Liquidity Basel II Banorte (%) Basel III 14.8% 14.8% 15.7% 14.8% 14.9% Tier 1 11.9% 11.8% 11.8% 11.0% 11.1% Total Tier: 12.4% 4Q12 1Q13 2Q13 RWA* +6% +1% +9% +19% +18% Liquidity Ratio 119% 128% 135% 137% 148% *RWA= Risk Weighted Assets

Distribution Network Branches ATM s POS s 6,642 2% 6,749 195 Ixe 108,819 23% 133,501 24,954 Ixe 108,547 6,554 1,306 (2%) 1,286 170 Ixe 1,116 23

Subsidiaries 9M13 Million Pesos Company Banking Sector Banco Mercantil del Norte Banorte Ixe Tarjetas Broker Dealer Net Income Change vs. 9M12 7,705 26% 6,839 18% 866 161% 495 20% ROE 16.1% 25.4% Long Term Savings Retirement Savings Insurance Annuities 851 387 57 112% 1% 45% 12.4% 31.1% 12.2% Other Finance Companies Leasing and Factoring Warehousing Other * 440 40 (89) (14%) 19% 19.7% 19.9% * Includes: Solida Administradora de Portafolios, Ixe Servicios and the Holding Company. 24

Recovery Bank Net Income in Million Pesos 9M12 9M13 Total 431 49% 641 AUM BILLION PESOS Change YoY Propietary Assets 38.4 45.1 17% Acquired Assets 26.1 28.4 9% Managed Assets Su Casita 6.4 7.3 13% Ixe Assets 7.5 1.4 (82%) Total 78.4 82.1 5% 25

Inter National Bank Million Dollars 9M12 Pre-Tax Net Income 17.4 Provisions 5.0 9M13 14.6 (0.3) Net Income NIM 8.2 3.1% 10.1 2.9% ROE 2.6% 3.2% ROA 0.5% 0.7% Efficiency 68.6% 71.4% Total Deposits 1,741 (17%) 1,438 Performing Loans 707 (1%) 0.2% 700 PDL Ratio USGAAP 2.0% 0.9% Coverage Ratio USGAAP 96.7% 221.2% Leverage Ratio 10.0% 12.1% Classified Assets to Capital 26.8% 19.9 % 26

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