Despite difficult market conditions, in 1983 the Kok Group was again able to improve its results. A change in the organization bundled the various activities of the group in the commercial real estate sector in order to respond better to the specific requirements of this market segment. The sales of the construction company Gebam, partly owing to the mild winter, increased from Dfl 57 million in 1982 to Dfl 70 million in 1983. The continuing depressed market situation, accompanied by underpricing in the construction industry however, checked company results. Internal business developments and employee policies In March 1983, the relocation of the Head Office from Amsterdam to Utrecht became a fact. After a short period of settling in we are pleased to note that the new accomodations fulfill all expectations regarding both communications and efficiency, as well as the general working atmosphere. In the year under review, once again much attention was paid to upgrading the skills of our employees, by stimulating courses and advanced training on an individual or group basis. We intend to continue this training program in 1984. 1981 1982 Interest rates on capital market (long term governments loans); weekly average Netherlands West-Germany United Kingdom United States 01 02 03 04 05 06 07 08 09 10 11 12 02 03 04 05 06 07 08 09 10 11 12 01 02 03 04 05 06 07 08 09 10 11 12 19

Rabobank Bronnenarchief

Annual Reports FGH Bank | 1983 | | pagina 21