As some causes for this we can mention the decline in our averaqe
mortgage portfolio in comparison to 1982, the decrease in equity ar
less return on this equity as a result of lower interest rates.
Real Estate Operations and other diversifications
In 1983 this sector booked a negative operating result of Dfl 5.8 milli
in contrast with the positive result of Dfl 5.7 million in 1982.
The Sundry gaines and charges' amounted on balance to Dfl 5 5
million, leading to a negative gross result of Dfl 0.3 million.
Main reason for this was a drop in sales of Dfl 55 million in
45
40
-35—
-30
25
20
15
-10
5--
-0-
participations.
1976
1977
1978
1979
1980
1981
1982
Trading Netherlands bond^0
and mortgage bank bonds
in billions of guilders 65
60
Netherlands bonds and
mortgage bank bonds 55
Mortgage bank bonds 50
22
