of participating interests in Friesch-Groningsche
Hypotheekbank N.V and the transfer of assets to
a separate legal entity’.
An amount of NLG 92.292 million of the
subordinated loans in existence as at year-end
1985, amounting to NLG 135 million, was con
verted in 1986 into the above-mentioned conver
tible 8% subordinated loan, and an amount of
NLG 10.677 million was converted into 8%
cumulative preferred stock at 400%.
Item 2
This loan, placed in 1986, at an interest rate of
7%, is subordinated in such a manner that it can
be considered part of the capital base of the com
pany according to the standards applied by De
Nederlandsche Bank N.V, the claim of Postbank
N.V with respect to both principal and interest
being subordinate to that of AEGON N.V
Item 3
This loan, placed in 1986, at an interest rate of
714%, is convertible as from 1991 until the repay
ment date in 1995 into ordinary shares of Van
Haften 8c Co N.V, Amsterdam. For the first four
years, no repayments may be made; thereafter,
repayment will be possible in five equal annual
installments.
(NLG x 1,000)
Deposits and unsubordinated loans
Secured loans
Other loans and debt acknowledgments
Private loans
1986 1985
1,756,991 2,347,314
513,096 793,768
1,261,023 1,576,008
3,531,110 4,717,090
Private loans include NLG 173.1 (1985: NLG
179.1 million) in loans taken up from credit
institutions.
Notes to the Individual Consolidated Balance Sheet Items
