BANORTE USA September 2007 1 Grupo Financiero Banortes

BANORTE USA September 2007 1

Grupo Financiero Banorte’s Vision • To be a bi-national financial group offering integrated financial products and services to a diverse group of customer segments. • To be a bi-currency financial group which offers a wide range of products and services in U. S. Dollars and Mexican Pesos. 2

Bi-currency: Statistics The Mexican banking system has approximately $14 billion in U. S. dollar deposits within the country. It is estimated that Mexican Nationals have approximately $35 billion dollars in deposits in bank accounts and investments abroad. Banorte wants to have a bigger share of its customers’ wallets on both sides of the border. 3

Banorte’s U. S. Expansion Strategy Banorte has a Three-Pronged Strategy for U. S. Expansion: Private Banking / Wealth Management (Brokerage Services) Ø Provide Mexican Nationals and U. S. Citizens dollar-denominated financial investment products (Banorte Securities International, Ltd. ). Commercial/Retail Banking Ø Provide financial products and services to facilitate cross-border transactions for businesses and individuals. Remittance Market Ø Provide an integrated approach to remittances to the non/under-banked immigrant population living in the U. S. 4

Banorte USA Remittances U. S. Bank Brokerage/ Investments International Business 5

Strategic Reasons for Entering the U. S. Market Attractive local banking market Ø High growth rates Cross border business Ø Foreign trade products and services Ø Bi-national products to individuals Family remittances WA 6. 1% OR 5. 7% ID 7. 4% Family Remittances NV CA 13. 9% 31. 4% Ø Improve our position in the industry Private banking market (México-US) 0. 6% MT 2. 2% Cross Border Business UT 6. 2% AZ 20. 9% WY 7. 1% US Banking IA Market 1. 8% CO 13. 8% NM 40. 5% CT 8. 5% 2. 5% MO 1. 6% Private Banking PA in US 2. 7% NJ MD -High net worth 4. 0% US Residents IL WV VA -Mexicans 0. 6% Nationals 10. 2% 3. 8% KY 0. 8% NC OK 3. 6% TX 28. 2% 2. 7% Synergies Ø Across all market segments (Banorte México, Banorte US Bank, Banorte Securities, and Remittance Money Transmitter) Binational products for individuals -Credit Cards -Mortgages -US based deposit accounts • Geographical diversification of income for Grupo Financiero Banorte 6

Synergies Banorte and INB clients are already benefiting from expanded services from both banks: Ø Free fund transfers between Banorte and INB savings and checking accounts Ø Free withdrawal and account balance inquiries in ATM’s of both Banks Ø Acceptance of each others checks for deposit with next day availability in both currencies. Ø Banorte Securities Int’l, Ltd. (BSI) offices in Mc. Allen & El Paso Ø Account opening process of accounts referred by Banorte to INB has resulted in the opening of over 3, 000 accounts with $45 million in balances. 7

New Products and Services New Products Introduced Since Merger: ü Mortgages to Americans purchasing Mexican Resort Properties: $38 million funded to date with $24 million at closing. Potential: 2008 -$150 million, 2009 -$250 million, 2010 -$350 million ü Loans secured by investment portfolios held by customers at BSI in dollars or at Banorte in pesos: $5 million funded to date with $20 million at closing. Potential: 2008 -$60 million, 2009 -$100 million, 2010 -$150 million. ü Banorte Securities offices have been introduced in INB offices: $72 million funded to date in new investment accounts. Potential: 2008 -$125 million, 2009 -$185 million, 2010 -$250 million ü Competitive Foreign Exchange Platform 8

New Products and Services New Products Currently in Development: ü New INB issued credit card program to be launched in 1 Q, 2008. Potential: 2008 -$15 million, 2009 -$25 million, 2010 -$50 million. ü New trade financing loans programs to be offered in late 2007. Potential: 2008 -$50 million, 2009 -$125 million, 2010 -$200 million. ü Enhanced treasury management services including lockbox, remote deposit capture and ACH services which should increase our noninterest income. ü New Markets: Laredo and Brownsville, Texas to open 1 Q, 2008. 9

New Markets: Proposed New Branches LAREDO, TEXAS BROWNSVILLE, TEXAS Potential New Markets: SAN ANTONIO, TEXAS HOUSTON, TEXAS DALLAS, TEXAS SAN DIEGO, CALIFORNIA Details: üApproximately 4, 100 sf facility ü 3 drive-thru lanes & drive-up ATM üCompletion is estimated for 1 st Qtr 2008 10

Private Banking/Wealth Management Banorte Securities International, Ltd (BSI) markets its services to: Ø High net worth individuals in Mexico Ø Hispanics/US citizens and residents Growth Strategy: Ø Grow organically by creating a dedicated sales force which focuses on the Hispanic population, including high net-worth Mexican nationals and Mexican. Americans residing in the U. S. Ø Currently has approximately $1. 2 Billion in assets. 11

Synergies INB and Banorte Securities clients will benefit from expanded services from both Institutions: Ø Banorte Securities will refer clients to Inter National Bank, seeking bank accounts not available at BSI. Ø Inter National Bank will refer clients to Banorte Securities that seek brokerage accounts not available at Inter National Bank. Ø Inter National Bank can provide loans to BSI customers wishing to use their brokerage accounts as collateral. 12

Remittances Market Banorte has been a strong payer of remittances to customers in Mexico Ø Payment agreements with more than 30 U. S. licensed remittance companies (including Uni. Teller) and 3 major U. S. banks (Bo. A, Chase, and Wells Fargo) Ø Over to 4 million remittances paid in 2006 totaling $1. 6 Billion (7% Mkt Share) Ø Banorte has been promoting banking the beneficiaries of remittances Ø Over 62, 000 Enlace Express Accounts (without fees) Strategy: Vertical Integration Ø Acquisition of Uni. Teller will streamline GFNorte’s remittance service Ø Access to a large number of under-banked clients on both sides of the border – additional business opportunities Ø Promote remittances to Banorte, and banking of beneficiaries Ø complements Banorte’s bancarization effort Uni. Teller will benefit from additional financial resources, and correspondent banking relationships in the US as well as in other parts of the world 13

Banorte’s Agreements w/ Major Corporations & Financial Institutions 14

Uni. Teller Acquisition of 100% of Uni. Teller Transaction Closed on Jan. 18, 2007 High Growth Industry: Ø Estimated $50 billion in remittances from the U. S. to Latin America in 2006 billion (close to $25 billion to Mexico alone) Background: Ø Ø Based in New Jersey $1. 12 Million transfers per year Agent Network in the US: 1, 000 collection agents in 41 States Strong payment network: Over 4, 000 payment points in 19 countries including top remittance destination countries Ø Strong payment network in Mexico’s rural areas, complementing Banorte’s banking network Ø Guatemala, Philippines, El Salvador Ø Strong compliance culture Ø Attractive technological infrastructure with enough capacity to support immediate growth 15

Uni. Teller (cont’d) Projects in Progress ØAccount Link (deposits to an account) Product Improvements Ø Discounts on remittances from U. S. from Uniteller and Banorte Ø Payment options to Banorte accountholders Ø Marketing campaigns in conjunction with other U. S. transmitters to promote remittances 16

Opportunity to integrate the non-banked: Enlace Express is Banorte’s equivalent to free checking in the U. S. : # of Customers (In Thousands) Ø debit-card based Ø no minimum balances or monthly fees 62, 467 52, 200 ü Since its inception, the Enlace Express product has achieved significant progress. 33, 130 5, 600 2004 2005 2006 Jun-2007 17

BANORTE USA Results from Operations September 2007 18

Dollar Denominated Assets IN MILLONS OF DOLLARS 2006 2007 Variance (%) JUNE DEC JUNE YTD Y on Y Demand 699 745 748 0% 7% Time Deposits 676 716 793 11% 17% 1, 375 1, 461 1, 541 5% 12% 958 1, 025 1, 033 0% 8% 2, 333 2, 486 2, 574 3. 5% 10% 977 1, 363 1, 280 (6%) 31% 42 72 71% 3, 316% Banorte Dollar Deposits BSI Mexico Accts Total Mexico INB BSI –INB Accts 2 Total USA 979 1, 405 1, 352 (4%) 38% Total GFB 3, 311 3, 891 3, 926 2% 18% 19

Earnings - Banorte USA IN MILLIONS OF DOLLARS 2006 2007 Variance (%) JUNE DEC JUNE Y on Y 21. 5 58. 2 25. 0 16% 9. 4 17. 9 11. 9 27% Banorte Securities, Ltd. 0. 8 1. 4 1. 3 70% Uniteller Holdings, Inc. (0. 1) (0. 4) (353%) 31. 6 77. 3 37. 9 20% International business(México) Pre-Tax INB Financial Corp. Total Earnings 20

INB June 30, 2007 Highlights IN MILLIONS OF DOLLARS 1 S 06 1 S 07 Net Interest Margin 4. 7% 4. 5% Loans 721 28% 922 Deposits 977 31% 1, 277 Net Earnings 10. 0 24% 12. 5 Efficiency Ratio 43. 5% 41. 3% ROE 20. 8% 23. 7% ROA 1. 8% 21

Inter National Bank: Earning Assets vs. Cost of Funds 22

Inter National Bank: Net Interest Margin 23

Banorte Securities International, Ltd. IN MILLONS OF DOLLARS 2006 2007 Variance (%) JUNE DEC JUNE Y on Y Revenues 3. 8 7. 5 5. 0 32% Expenses (2. 9) (5. 7) (3. 3) 12% Earnings from Operations 0. 9 1. 8 1. 7 102% Investment Earnings 0. 2 0. 4 0. 2 (4%) (0. 2) (0. 8) (0. 6) 132% 0. 8 1. 4 1. 3 70% Taxes Net Earnings Note: Banorte Securities consolidates into Casa de Bolsa and not Banorte USA. 24

Family Remittance Indicators - Mexico IN MILLONS OF DOLLARS 2006 Transactions (000’S) Paid in Cash Paid into Accounts Total Paid Direct Deposit % Revenues No. of Accounts-EE Avg. Deposit Balances 2007 Variance (%) JUNE DEC JUNE YTD 1, 931 3, 969 2, 064 4% $744 $1467 $755 - - $50 $119 $77 - - $794 $1586 $832 6% 8% 9% 5% - $4. 2 $9 $4. 4 5% 4% Y on Y 7% 43, 907 52, 207 62, 467 39% 42% $17 $20 $22 20% 30% 25

Family Remittances Paid in Mexico While the growth in the remittance market has slowed, Banorte continues to grow well above the rate of growth of other Mexican banks. Market Growth (1 H 06 vs. 1 H 07) 9% 7% 0. 6% Market Growth Non Banks (3%) (4%) Banorte Banks w/o Banorte 26