SUPERVISORY BOARD E. Eisele, chairman C. Nolting J.B.M. Streppel MANAGING BOARD H. Copier MBA P.C. Keur G.S. Klein FGH BANK; PROP» 1= FGH Bank N.V. is a wholly-owned subsidiary of Bayerische Hypo- und Vereinsbank AG, and specializes in the financing of commercial real estate. FGH Bank offers its clients a full range of financial and support services and products, with real estate as the common link. That is why FGH Bank N.V. is the only Dutch financial institution in the Netherlands that can rightly call itself the real estate bank. As a hank specializing in real estate, we have a clear role to play in the development of the Dutch real estate market. Our involvement is not restricted to providing customized financing for new construction and conversion projects, investment loans and short-term transactions. We also participate actively in discussions on regional planning and the merits of public/private partnerships. We consider that it is our job to finance enterprise, not to deal in, manage, develop or build real estate ourselves. In order to continue playing a dominant role in the markets relevant to us, we need a good understanding of enterprise. This is also the reason for instituting the biennial FGH Real Estate Award. This prize has grown over the past nine years to become the most prestigious award for successful entrepreneurship in the Dutch real estate market. In 2000, this prize will be awarded for the sixth time to a successful project which combines daring, vision and enterprise. FGH Bank N.V. has opted for account management: operating close to the market, with a personal approach which facilitates direct contact with entrepreneurs. After all, even in the national market many participants may operate nationally or even internationally, hut real expertise must constantly be demonstrated at local or regional level. Our bank is represented in all major real estate regions so that it can monitor developments closely. With its headquarters in Utrecht and offices in Amsterdam, Arnhem, The Hague, Eindhoven, Enschede, Groningen, Rotterdam and Maastricht, FGH Bank N.V. can boast wide national coverage. Internationally, FGH Bank N.V. has for some time been part of EuroExpert EIGG, a European network of companies focusing on real estate valuation. The aim of this venture is the exchange of knowledge and advice, the passing on of assignments and possible collaboration in loan transactions. The EuroExpert partners are Drivers Jonas of Britain, Foncier Expertise of France and HVB Expertise GmbH of Germany, also a subsidiary of Bayerische Hypo- und Vereinsbank AG. There is also regular contact with fellow financiers in Germany, France, Britain and the United States, for example for the syndication of major financing projects.

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Annual Reports FGH Bank | 1998 | | pagina 6