EXHIBIT 12
<TABLE>
(EUR millions) Six months ended June 30 Year ended December 31
2000 1999 1999 1998 1997 1996 1995
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Earnings:
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Profit Before Taxes 2,515 2,190 4,250 2,898 2,626 2,175 1,743
Add: Fixed Charges
Other Interest 2,414 2,009 3,902 3,014 2,981 2,317 2,179
------ ------ ------ ------ ------ ------ ------
Total Fixed Charges excl. Interest on Deposits(1) 2,414 2,009 3,902 3,014 2,981 2,317 2,179
Interest on Deposits 10,189 8,482 16,473 15,422 11,520 9,959 9,648
------ ------ ------ ------ ------ ------ ------
Total Fixed Charges incl. Interest on Deposits(1) 12,603 10,491 20,375 18,436 14,501 12,276 11,827
Earnings plus Fixed Charges
excl. Interest on Deposits(1) 4,929 4,199 8,152 5,912 5,607 4,492 3,922
Earnings plus Fixed Charges
incl. Interest on Deposits(1) 15,118 12,681 24,625 21,334 17,127 14,451 13,570
Earnings to Fixed Charges
excl. Interest on Deposits(1) 2.04 2.09 2.09 1.96 1.88 1.94 1.80
incl. Interest on Deposits(1) 1.20 1.21 1.21 1.16 1.18 1.18 1.15
</TABLE>
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(1) Deposits include Banks and Total customer accounts. See the Consolidated
Financial Statements incorporated by reference herein.
