<PAGE>
PROVIDIAN FINANCIAL CORPORATION
Select Financial Data
<TABLE>
<CAPTION>
Six Months
Ended Year Ended December 31
June 30 -----------------------------------------------------------------------
(dollars in thousands) 2000 1999 1998 1997 1996 1995
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<S> <C> <C> <C> <C> <C> <C>
a. Ratio of Earnings to Fixed Charges
INCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $395,128 $ 917,425 $490,563 $311,300 $257,251 $214,863
Fixed charges 431,242 460,588 254,006 187,843 192,536 160,183
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Earnings, for computation purposes $826,370 $1,378,013 $744,569 $499,143 $449,787 $375,046
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FIXED CHARGES:
Interest on borrowings $ 34,217 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Interest on deposits 387,312 356,736 204,335 164,252 140,361 105,151
Portion of rents representative
of the interest factor 9,713 11,518 6,740 4,733 2,967 2,300
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Fixed charges, including interest
on deposits, for computation
purposes $431,242 $ 460,588 $254,006 $187,843 $192,536 $160,183
=====================================================================================
Ratio of earnings to fixed charges,
including interest on deposits 1.92 2.99 2.93 2.66 2.34 2.34
EXCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $395,128 $ 917,425 $490,563 $311,300 $257,251 $214,863
Fixed charges 43,930 103,852 49,671 23,591 52,175 55,032
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Earnings, for computation purposes $439,058 $1,021,277 $540,234 $334,891 $309,426 $269,895
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FIXED CHARGES:
Interest on borrowings $ 34,217 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Portion of rents representative
of the interest factor 9,713 11,518 6,740 4,733 2,967 2,300
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Fixed charges, excluding interest on
deposits, for computation
purposes $ 43,930 $ 103,852 $ 49,671 $ 23,591 $ 52,175 $ 55,032
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Ratio of earnings to fixed charges,
excluding interest on deposits 9.99 9.83 10.88 14.20 5.93 4.90
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<TABLE>
<CAPTION>
Six Months
Ended Year Ended December 31
June 30 -----------------------------------------------------------------------
(dollars in thousands) 2000 1999 1998 1997 1996 1995
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
b. Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividend Requirements
INCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $395,128 $ 917,425 $490,563 $311,300 $257,251 $214,863
Fixed charges 431,242 460,588 254,006 187,843 192,536 160,183
-------------------------------------------------------------------------------------
Earnings, for computation purposes $826,370 $1,378,013 $744,569 $499,143 $449,787 $375,046
=====================================================================================
FIXED CHARGES AND PREFERRED STOCK:
DIVIDEND REQUIREMENTS
Interest on borrowings $ 34,217 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Interest on deposits 387,312 356,736 204,335 164,252 140,361 105,151
Portion of rents representative
of the interest factor 9,713 11,518 6,740 4,733 2,967 2,300
-------------------------------------------------------------------------------------
Fixed charges, including interest
on deposits, for computation
purposes $431,242 $ 460,588 $254,006 $187,843 $192,536 $160,183
Preferred stock dividend requirements - - - 1,636 7,397 7,397
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Fixed charges and preferred stock
dividend requirements, including
interest on deposits, for
computation purposes $431,242 $ 460,588 $254,006 $189,479 $199,932 $167,580
=====================================================================================
Ratio of earnings to fixed charges
and preferred stock dividend
requirements, including interest
on deposits 1.92 2.99 2.93 2.63 2.25 2.24
EXCLUDING INTEREST ON DEPOSITS:
EARNINGS:
Income before income taxes $395,128 $ 917,425 $490,563 $311,300 $257,251 $214,863
Fixed charges 43,930 103,852 49,671 23,591 52,175 55,032
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Earnings, for computation purposes $439,058 $1,021,277 $540,234 $334,891 $309,426 $269,895
=====================================================================================
FIXED CHARGES AND PREFERRED STOCK:
DIVIDEND REQUIREMENTS
Interest on borrowings $ 34,217 $ 92,334 $ 42,931 $ 18,858 $ 49,208 $ 52,732
Portion of rents representative
of the interest factor 9,713 11,518 6,740 4,733 2,967 2,300
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Fixed charges, excluding interest
on deposits, for
computation purposes $ 43,930 $ 103,852 $ 49,671 $ 23,591 $ 52,175 $ 55,032
Preferred stock dividend
requirements - - - 1,636 7,397 7,397
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Fixed charges and preferred stock
dividend requirements, excluding
interest on deposits, for
computation purposes $ 43,930 $ 103,852 $ 49,671 $ 25,227 $ 59,571 $ 62,429
=====================================================================================
Ratio of earnings to fixed charges
and preferred stock dividend
requirements, excluding interest
on deposits 9.99 9.83 10.88 13.28 5.19 4.32
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