Report and
Recommendations of
the Supervisory Board
To the shareholders
After consideration of the unqualified audit report
issued by Moret Ernst Young Accountants, we have
approved and signed the financial statements for 1996
prepared by the Management Board.
These financial statements incorporate the consolidated
annual accounts and the company balance sheet and
income statement of FGH BANK N.V. (see pages 10 ff).
We recommend that the financial statements presented
in this annual report be adopted accordingly.
The Supervisory Directors have regularly met and
otherwise been in contact with the members of the
Management Board throughout the year.
For health reasons, Mr. W.A.J.M. van der Heijden has
had to decide not to return as Chairman of the
Management Board of FGH BANK N.V. He has resigned
the post of delegate member of the Supervisory Board
which he had held since March 1995.
We are very grateful to Mr. van der Heijden for the
important contribution which he made dining a career
with our company spanning over 25 years, the last
10 years as Chairman of the Management Board and
Supervisory Director. During this period his
commitment and close personal involvement were
significant factors in the process of establishing the
current sound position of FGH BANK N.V. as the
leading realty bank.
We would like to express our appreciation of the efforts
of both management and staff and the result achieved.
Utrecht, March 7, 1997
H.B. van Wijk
Chairman of the Supervisory Board