National Bank Financial Group TSX: NA

MONTREAL, QUEBEC--(Marketwire - March 20, 2009) - National Bank Financial Group (TSX:NA) has adjusted its rates for residential mortgages. The new rates are effective as of March 23, 2009.

 TERM                          CURRENT RATE(%) NEW RATE(%)  CHANGE
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FIXED-RATE OPEN TERM
6 months open                         7.000       7.000      0.000
1 year open                           7.250       7.250      0.000


FIXED-RATE CLOSED TERM
3 months closed                       4.450       4.450      0.000
6 months closed                       4.450       4.450      0.000
1 year closed                         4.450       4.450      0.000
2 years closed                        4.750       4.550     -0.200
3 years closed                        5.150       4.950     -0.200
4 years closed                        5.400       5.400      0.000
5 years closed                        5.750       5.550     -0.200
7 years closed                        7.000       7.000      0.000
10 years closed                       7.150       7.000     -0.150


VARIABLE-RATE CLOSED TERM
5 years Variable rate
(discount included)                   3.500       3.500      0.000
5 years Saver                         4.100       4.100      0.000
5 years Capped rate                   3.500       3.500      0.000

About National Bank of Canada

National Bank of Canada, which is celebrating its 150th anniversary in 2009, is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has close to $137 billion in assets and, together with its subsidiaries, employs 17,199 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at www.nbc.ca.

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