About us

3rd quarter 2022

  • Pre-tax profit: NOK 788m (849m)
  • Post-tax profit: NOK 617m (675m)
  • Return on equity: 10.9 per cent (12.4 per cent)
  • CET1 ratio: 19.2 per cent (18.1 per cent)
  • Growth in lending: 1.7 per cent (1.6 per cent), in deposits a decline of 2.6 per cent (decline of 0.4 per cent)
  • Lending to personal customers rose 1.3 per cent in the quarter (2.0 per cent), 1.5 percentage point lower growth than in the second quarter. Lending to corporates rose 2.4 per cent (0.7 per cent) which was 0.5 percentage point lower than in the second quarter.
  • Deposits from personal customers declined 1.9 per cent (decline of 0.5 per cent), compared with growth of 6.6 per cent in the second quarter. Deposits from  corporate clients declined 3.1 per cent (decline of 0.3 per cent) compared with growth of 9.9 per cent in the second quarter
  • Net result of ownership interests: NOK 109m (179m)
  • Net result of financial instruments (incl. dividends): NOK 39m (69m)
  • Losses on loans and guarantees: NOK 22m (31m), 0.04 per cent of gross outstanding loans (0.07 per cent)
  • Earnings per equity certificate (EC): NOK 2.89 (3.22). Book value per EC: NOK 107.19 (103.57)

SpareBank 1 SMN is a regional independent financial services group. 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



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.