About us

SpareBank 1 SMN is a regional independent bank with a local footing. Closeness and capability are the hallmarks of our relationship to the market. We are present in 46 locations across 42 municipalities in Trøndelag, Møre og Romsdal, and Vestland.

A one-stop provider to households and firms in the fields of financing, savings and investment, insurance and payment services, we have 223,000 retail customers and 15,000 corporate customers.

We are the region's largest private contributor to business development and non-profit causes through our donation work.

We have several subsidiaries, among them are: 

  • The region's leading real estate agent - EiendomsMegler 1 Midt-Norge
  • The region's leading leasing company - SpareBank 1 Finans Midt-Norge
  • The region's only full-fledged investment firm - SpareBank 1 Markets


Results for the third quarter of 2020

  • Pre-tax profit: NOK 621m (609m)
  • Post-tax profit: NOK 519m (488m)
  • Return on equity: 10.5 per cent (10.2 per cent)
  • Growth in lending: 2.5 per cent (1.1 per cent) and in deposits: 1.2 per cent (decline of 3.4 per cent) 
  • Lending to retail borrowers rose 2.2 per cent in the quarter (1.5 per cent), 0.2 percentage points less than in the second quarter 
  • Growth in lending to corporate borrowers: 3.0 per cent (0.2 per cent) 0.3 percentage points higher than in the second quarter 
  • Net result of financial instruments: NOK 205m (121m) 
  • Losses on loans: NOK 231m (71m), 0.52 per cent (0.17 per cent) of gross outstanding loans 
  • Earnings per EC: NOK 2.35 (2.30) 

Presentation and webinar

SpareBank 1 SMN recorded a post-tax profit of NOK 519m in the third quarter of 2020 compared with NOK 488m in the same quarter last year. The quarter was marked by high growth, increased market shares and greater financial strength.


As a regional bank, sustainability and social responsibility is an important focus area for us - locally, nationally and globally. 

We follow the UN principles for sustainability and our strategy for sustainability is built on our values, with responsible being the most important.