BANORTE Announces Second Quarter 2002 Earnings Conference Call Friday, July 26, 2002, 9:30 a.m. EST, 8:30 a.m. CT.

Business Editors

MONTERREY, Mexico--(BUSINESS WIRE)--July 25, 2002

Banorte (BMV: GFNorte "O") that ranks fourth place in Mexico, will hold its quarterly conference call to discuss second quarter results on Friday, July 26, 2002, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).

This call is being webcast by CCBN and can be accessed at Banorte's web site at www.banorte.com/inversionistas/x2_2_1.html

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

About Banorte

In Mexico's recent banking consolidation, Banorte, the largest subsidiary of Grupo Financiero Banorte (GFNorte), emerged as a clear winner after the last crisis that started with the peso devaluation at the end of 1994. During the last five years, GFNorte based its expansion programme on the convenient and strategic acquisition of failed banks resold by the government through FOBPAROA and, later on, through IPAB. This made it possible for Banorte to grow from a regional to a national bank in relatively short period of time. GFNorte is made up of nine companies organized in four different divisions, in order to offer a wide range of services, including banking, brokerage, pension management, annuities, bancassurance, leasing, factoring, warehousing and bonding, all of them supported by the bank branch network. In terms of assets, Banorte ranks fourth place in Mexico, and has a 11.9% market share in deposits.