Auditor's report
We have examined the financial statements of Friesch-Groningsche
Hypotheekbank nv for the year 1981. 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 at31 December1981 and the results for the year then ended.
Amsterdam, 12 March 1982
Van Dien Co
G.G.M. Bak
Registeraccountant
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