EXHIBIT 12(a) HOUSEHOLD INTERNATIONAL NETHERLANDS B.V. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (All dollar amounts are stated in thousands.) Three months ended March 31 1994* - ---------------------------------------------------------------- Income from operations $ 71.1 - ---------------------------------------------------------------- Income taxes 47.4 - ---------------------------------------------------------------- Fixed charges: Interest expense 2,591.5 - ---------------------------------------------------------------- Total earnings as defined $2,710.0 ================================================================ Ratio of earnings to fixed charges 1.05 ================================================================ * During the first quarter of 1993, the Company had no active operations; consequently, the ratio of earnings to fixed charges is not meaningful and has been omitted. A:\WP51\BVEX12A.AS1 (5/11/94)