Auditor's report We have examined the financial statements of Friesch-Groningsche Hypotheekbank nv for the year 1978. These statements include: - the consolidated financial statements of Friesch-Groningsche Hypotheekbank nv and affiliated banks; - the combined financial statements of the real estate companies and other diversifications. In our opinion, based upon our examination, the accompanying financial statements, together with the notes, present fairly the financial position at December 31, 1978 and the results for the year then ended. Amsterdam, 13th March 1979 Van Dien Co G.G.M. Bak Registeraccountant 51

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Annual Reports FGH Bank | 1978 | | pagina 53