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


Annual accounts 2020

  • Pre-tax profit: NOK 2,378m
  • Post-tax profit: NOK 1, 978m 
  • Return on equity: 10.0 per cent 
  • CET1 ratio: 18.3 per cent 
  • Growth in lending: 9.0 per cent and in deposits: 13.5 per cent 
  • Losses on loans and guarantees: NOK 951m or 0.54 per cent of total lending 
  • Earnings per equity certificate (EC): NOK 8.87. Book value per EC: NOK 94.71 
  • Proposed dividend: NOK 4,40 per EC and NOK 321 million to be allocated to non-profit causes


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.