|                                                                  |   | For      the year ended                 |   |
|-----------------------------------------------------------------------|--------|-----------------------------------------|--------|
|                                                                  |   | 2009(2)                                 |   |   | 2008(2) |   |   | 2007 |   |   | 2006 |   |   | 2005 |   |
|                                                                  |   | (in      millions of EUR except ratios) |   |
|                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Excluding      interest on deposits(1)                                |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      profit before taxes                                    |   |                                    | (4,914 | ) |   |   | (15,474 | ) |   |   | 496 |   |   |   | 2,260 |   |   |   | 5,684 |   |
| Add:  fixed      charges                                    |   |                                    | 2,945  |   |   |   | 5,859 |   |   |   | 7,280 |   |   |   | 6,792 |   |   |   | 7,261 |   |
| Earnings      before taxes and fixed charges                          |   |                                    | (1,969 | ) |   |   | (9,615 | ) |   |   | 7,776 |   |   |   | 9,052 |   |   |   | 12,945 |   |
|                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      charges                                                    |   |                                    | 2,945  |   |   |   | 5,859 |   |   |   | 7,280 |   |   |   | 6,792 |   |   |   | 7,261 |   |
|                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges                               |   |                                    | (0.67  | ) |   |   | (1.64 | ) |   |   | 1.07 |   |   |   | 1.33 |   |   |   | 1.78 |   |
|                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Including      interest on deposits(1)                                |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      charges as above                                           |   |                                    | 2,945  |   |   |   | 5,859 |   |   |   | 7,280 |   |   |   | 6,792 |   |   |   | 7,261 |   |
| Add:  interest      on deposits                             |   |                                    | 5,702  |   |   |   | 10,438 |   |   |   | 10,859 |   |   |   | 8,325 |   |   |   | 15,654 |   |
| Total      fixed charges and interest on deposits                     |   |                                    | 8,647  |   |   |   | 16,297 |   |   |   | 18,139 |   |   |   | 15,117 |   |   |   | 22,915 |   |
|                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings      before taxes and fixed charges                          |   |                                    | (1,969 | ) |   |   | (9,615 | ) |   |   | 7,776 |   |   |   | 9,052 |   |   |   | 12,945 |   |
| Add:  interest      on deposits                             |   |                                    | 5,702  |   |   |   | 10,438 |   |   |   | 10,859 |   |   |   | 8,325 |   |   |   | 15,654 |   |
| Earnings      before taxes and fixed charges and interest on deposits |   |                                    | 3,733  |   |   |   | 823 |   |   |   |   18,635 |   |   |   |   17,377 |   |   |   |   28,599 |   |
|                                                                  |   |                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges                               |   |                                    | 0.43   |   |   |   | 0.05 |   |   |   | 1.03 |   |   |   | 1.15 |   |   |   | 1.25 |   |

----

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

| (2) | The      earnings for the years ended December 31, 2009 and 2008 were inadequate to      cover total fixed charges excluding interest on deposits and total fixed      charges including interest on deposits.  The coverage      deficiencies for total fixed charges excluding interest on deposits for      the years ended December 31, 2009 and 2008 were €4,914 and €15,474,      respectively.  The coverage deficiencies for total fixed charges      including interest on deposits for the years ended December 31, 2009 and      2008 were €4,914 and €15,474,respectively. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | According      to IFRS the income statement figures of 2007 and 2006 have been restated      for the qualifying discontinued operations arising in 2008. The 2005      figures have not been restated for discontinued operations arising in 2008      and 2007. As a result the applicable ratios throughout the years are not      comparable. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----