AUDITORS REPORT We have examined the financial statements of the Friesch-Groningsche Hypotheekbank N.V. for the year 1990. Our examinations have been made in accordance with generally accepted auditing standards. I In our opinion, the financial statements comply with the prescribed legal requirements and fairly present both the company’s financial position at December 31, 1990, and the results for the year then ended. 33 HILVERSUM, MARCH 6, 1991 moret ERNST young, registeraccountants

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Annual Reports FGH Bank | 1990 | | pagina 35