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

Main points for the first half of 2020

• Pre-tax profit: NOK 1,202m (2,003m) 
• Post-tax profit: NOK 1,008m (1,729m) 
• Return on equity: 10.3% (19.0%) 
• CET1 ratio: 17.2% (15.0%) 
• Growth in lending: 7.0% (5.7%) and in deposits: 8.9% (7.7%) over last 12 months 
• Growth in lending to retail borrowers: 7.9% (6.7%) over last 12 months 
• Growth in lending to corporate borrowers: 5.2% (3.6%) over last 12 months
• Lending to retail borrowers accounts for 68% (68%) of total lending 
• Losses on loans and guarantees: NOK 478m (126m), 0.16% (0.16%) of gross outstanding loans 
• Earnings per EC: NOK 4.53 (8.23). Book value per EC: NOK 90.37 (87.04)

SpareBank 1 SMN recorded a post-tax profit of NOK 719m in the second quarter of 2020 compared with NOK 290m in the previous quarter. The second quarter brought higher growth, good financial earnings and lower losses. The group is gearing up to face sharp competition, lower economic growth and continued uncertainty about the corona pandemic.