Report and
Recommendations of the
Board of Directors
To the stockholders
After considering the advice of Moret Ernst Young
Accountants, who audited and approved the accounts
prepared by the Executive Board, the Board of Directors
has approved and signed the 1992 financial statements.
These financial statements include the consolidated
annual returns, company balance sheet and income
statement of FGH BANK N.V. (see page 10 ff.
We recommend that the company's financial statements
be approved accordingly.
The Board of Directors has maintained close contact
with the Executive Board throughout the present
reporting period and can commend the excellent efforts
of both management and staff during 1992.
Utrecht, March 10, 1993
On behalf of the Board of Directors
H.B. van Wijk, chairman
