|                                                             |   | For the year ended                  |   |
|------------------------------------------------------------------|--------|-------------------------------------|--------|
|                                                             |   | 2012(2)                             |   |   | 2011 |   |   | 2010 |   |   | 2009(2) |   |   | 2008(2) |   |
|                                                             |   | (in millions of euro except ratios) |   |
| Excluding interest on deposits(1)                                |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating profit before taxes                                    |   |                                | (887   | ) |   |   | (186 | ) |   |   | 443 |   |   |   | (4,847 | ) |   |   | (16,101 | ) |
| Add: fixed charges                                               |   |                                | 317    |   |   |   | 429 |   |   |   | 497 |   |   |   | 1,241 |   |   |   | 3,964 |   |
| Earnings before taxes and fixed charges                          |   |                                | (570   | ) |   |   | 243 |   |   |   | 940 |   |   |   | (3,606 | ) |   |   | (12,137 | ) |
|                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed charges                                                    |   |                                | 317    |   |   |   | 429 |   |   |   | 497 |   |   |   | 1,241 |   |   |   | 3,964 |   |
|                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed charges                               |   |                                | (1.80  | ) |   |   | 0.57 |   |   |   | 1.89 |   |   |   | (2.91 | ) |   |   | (3.06 | ) |
|                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Including interest on deposits(1)                                |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed charges as above                                           |   |                                | 317    |   |   |   | 429 |   |   |   | 497 |   |   |   | 1,241 |   |   |   | 3,964 |   |
| Add: interest on deposits                                        |   |                                | 706    |   |   |   | 1,235 |   |   |   | 1,137 |   |   |   | 1,688 |   |   |   | 6,294 |   |
| Total fixed charges and interest on deposits                     |   |                                | 1,023  |   |   |   | 1,664 |   |   |   | 1,634 |   |   |   | 2,929 |   |   |   | 10,258 |   |
|                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings before taxes and fixed charges                          |   |                                | (570   | ) |   |   | 243 |   |   |   | 940 |   |   |   | (3,606 | ) |   |   | (12,137 | ) |
| Add: interest on deposits                                        |   |                                | 706    |   |   |   | 1,235 |   |   |   | 1,137 |   |   |   | 1,688 |   |   |   | 6,294 |   |
| Earnings before taxes and fixed charges and interest on deposits |   |                                | 136    |   |   |   | 1,478 |   |   |   | 2,077 |   |   |   | (1,918 | ) |   |   | (5,843 | ) |
|                                                             |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed charges                               |   |                                | 0.13   |   |   |   | 0.89 |   |   |   | 1.27 |   |   |   | (0.65 | ) |   |   | (0.57 | ) |

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| (1) | Deposits include Banks and Total customer accounts. |
|-----|-----------------------------------------------------|

| (2) | The earnings for the years ended December 31, 2012, 2009 and 2008 were inadequate to cover total fixed charges excluding interest on deposits and the earnings for the years ended 31 December, 2009 and 2008 were inadequate to cover total fixed charges including interest on deposits.  The coverage deficiencies for total fixed charges excluding interest on deposits for the years ended December 31, 2012, 2009 and 2008 were €887 million, €4,847 million and €16,101 million, respectively.  The coverage deficiencies for total fixed charges including interest on deposits for the years ended December 31, 2009 and 2008 were €4,847 million and €16,101 million, respectively. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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