will make trading conditions for RCC difficult. The fact that the market for commercial real estate in the United States is not expected to recover dramatically in 1991 is likely to put pressure on RCC’s margins. On balance, the Executive Board of FGH BANK takes into account that the after tax profit for 1991 could be lower than that recorded in 1990. 15 REPORT OF THE EXECUTIVE BOARD UTRECHT, MARCH 6, 1991. W.A.J.M. van der Heijden R.J. Kahlmann J.B.M. Streppel

Rabobank Bronnenarchief

Annual Reports FGH Bank | 1990 | | pagina 17