UPDATE 3-BNP raises savings goal from BNP Fortis deal

* Annual savings seen at 900 million euros, up from 500 mln

* Deal to boost earnings as early as 2010

* Return on invested equity over 20 percent by 2012

* no plans for big new acquisitions

* BNP shares up 1.42 percent, for 87 pct 2009 rise

(Adds comments by CEO)

By Matthieu Protard and Julien Ponthus

BRUSSELS, Dec 1 (Reuters) - BNP Paribas (BNPP.PA) on Tuesday raised its forecast for savings from the integration of former Fortis assets and said it was not planning any big acquisitions.

BNP Paribas, one of a select group of banks to emerge relatively strong from the credit crisis and among the first to pay back the government for financial support, raised its savings target for the BNP Paribas Fortis unit to 900 million euros ($1.35 billion) by 2012 from 500 million.

BNP Paribas told investors at a meeting at Fortis headquarters in Brussels that it expected the unit would boost group earnings as early as next year before restructuring costs and to add 8.5 percent in 2012, when full synergies should have come through. The bank also said it expected the return on equity to exceed 20 percent by 2012.

The group took control of the Belgian banking arm of Belgian-Dutch financial group Fortis FOR.BR, which was broken up over the past year. BNP Paribas Fortis employs 18,000 people in Belgium and 34,000 people worldwide.

"The integration project is going well. BNP Paribas Fortis businesses have stabilised asset flows and even gained inflows in retail banking," BNP Paribas said in a statement.

BNP Paribas shares rose as much as 2.5 percent and were up 1.42 percent at 55.78 euros by 1321 GMT while the DJ Stoxx bank index .SX7P was up 2.38 percent.

Asked by journalists about any new acquisitions, now that several banking assets are for sale such as retail branches in Britain, Chief Executive Baudouin Prot said there were no such plans for a big acquisition.

"We are focused on the integration of Fortis", Prot said. (Reporting by James Regan; editing by Dan Lalor, Hans Peters and Karen Foster) ($1=.6650 Euro)