Auditor's report
INTRODUCTION
We have audited the 2002 financial statements of
FGH Bank N.V., Utrecht. These financial statements are the
responsibility of the company's management. Our
responsibility is to express an opinion on these financial
statements based on our audit.
SCOPE
We conducted our audit in accordance with auditing standards
generally accepted in the Netherlands.
Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and
significant estimates made by management, as well as
evaluating the overall presentation of the financial
statements. We believe that our audit provides a reasonable
basis for our opinion.
OPINION
In our opinion, the financial statements give a true and fair
view of the financial position of the company as at
31 December 2002 and of the result for the year then ended
in accordance with accounting principles generally accepted
in the Netherlands and comply with the financial reporting
requirements included in Part 9, Book 2 of the Netherlands
Civil Code.
Amstelveen, 20 February 2003
KPMG Accountants N.V.