|                                                                  |   | For      the Year Ended 31 December     |    |
|-----------------------------------------------------------------------|--------|-----------------------------------------|---------|
|                                                                  |   | 2008                                    |    |   | 2007 |   |   | 2006 |   |
|                                                                  |   | (in      millions of EUR except ratios) |    |
|                                                                  |   |                                    |    |   |   |   |   |   |   |
| Excluding      interest on deposits(1)                                |   |                                    |    |   |   |   |   |   |   |
| Operating      profit before taxes                                    |   |                                    | (15,474 | ) |   |   | 496 |   |   |   | 2,260 |   |
| Add:  fixed      charges                                    |   |                                    | 10,438  |   |   |   | 10,859 |   |   |   | 8,325 |   |
| Earnings      before taxes and fixed charges                          |   |                                    | (5,036  | ) |   |   | 11,355 |   |   |   | 10,585 |   |
|                                                                  |   |                                    |    |   |   |   |   |   |   |   |   |   |
| Fixed      charges                                                    |   |                                    | 10,438  |   |   |   | 10,859 |   |   |   | 8,325 |   |
|                                                                  |   |                                    |    |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges                               |   |                                    | (0.48   | ) |   |   | 1.05 |   |   |   | 1.27 |   |
|                                                                  |   |                                    |    |   |   |   |   |   |   |   |   |   |
| Including      interest on deposits(1)                                |   |                                    |    |   |   |   |   |   |   |   |   |   |
| Fixed      charges as above                                           |   |                                    | 10,438  |   |   |   | 10,859 |   |   |   | 8,325 |   |
| Add:  interest      on deposits                             |   |                                    | 5,859   |   |   |   | 7,280 |   |   |   | 6,792 |   |
| Total      fixed charges and interest on deposits                     |   |                                    | 16,297  |   |   |   | 18,139 |   |   |   | 15,117 |   |
|                                                                  |   |                                    |    |   |   |   |   |   |   |   |   |   |
| Earnings      before taxes and fixed charges                          |   |                                    | (5,036  | ) |   |   | 11,355 |   |   |   | 10,585 |   |
| Add:  interest      on deposits                             |   |                                    | 5,859   |   |   |   | 7,280 |   |   |   | 6,792 |   |
| Earnings      before taxes and fixed charges and interest on deposits |   |                                    | 823     |   |   |   |   18,635 |   |   |   |   17,377 |   |
|                                                                  |   |                                    |    |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges                               |   |                                    | 0.05    |   |   |   | 1.03 |   |   |   | 1.15 |   |

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| (1)   | Deposits      include Banks and Total customeraccounts. |
|-----------------|---------------------------------------------------------|

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