REPORT
OF THE MANAGING BOARD
A management team vacancy arose on June 1, 1995 on
the resignation of Mr. Th.L.J. Zitman. As per the same
date Mr. H. Copier MBA and Mr. P.C. Keur joined the
management team, which strengthened the
management team from within the ranks.
Mr. H. Copier carries primary responsibility for Real
Estate and Risk Management and Mr. RC. Keur has
assumed responsibility for Sales.
There were no other substantial changes in the
organization of the business in 1995.
The Managing Board is extremely grateful for the
commitment shown by the staff and expresses its
appreciation for the constructive role played by the
Staff Council in helping to implement company
policy.
Future Prospects
FGH BANK offers a series of financial products for
t professional clientele in the real estate market.
In view of the high quality of our products, we expect
to be capable of further expanding our strong position
in real estate lending.
We are making a major effort to develop other
products, particulary in the field of service provision.
We expect a slight fall in the number of employees in
1996. Investment levels will show no significant
change.
For the current year we expect virtually the same
revenue from our core business. The larger proportion
of interest-bearing liabilities in the financing of the
bank as a result of the 1995 financial reorganization
will cause the overall result to be less than that in
1995.
Utrecht, March 1, 1996
J.B.M. Streppel
R.J. Kahlmann
