About us

1st quarter 2022

  • Net profit: NOK 698m (768m)
  • Return on equity: 12.5 per cent (14.8 per cent)
  • CET1 ratio: 18.3 per cent (18.0 per cent)
  • Growth in lending: 2.4 per cent (1.4 per cent ) and in deposits: 2.5 per cent (growth of 5.0 per cent )
  • Lending to personal customers rose by 1.6 per cent in the quarter (0.8 per cent), the same growth as in the fourth quarter. Lending to corporate clients rose by 4.0 per cent (2.6 per cent) which was 1.9 percentage points higher than in the fourth quarter of 2021
  • Deposits from personal customers rose by 2.2 per cent (1.8 per cent), 0.8 percentage point higher than in the fourth quarter. Deposits from corporate clients rose by 2.6 per cent (7.3 per cent), 0.9 percentage point higher than in the fourth quarter of 2021
  • Net result of ownership interests: NOK 62m (128m)
  • Net result of financial instruments (incl. dividends): NOK 174m (162m)
  • Losses on loans and guarantees: NOK 0m (59m), 0.00 per cent of gross lending (0.13 per cent)
  • Earnings per equity certificate (EC): NOK 3.20 (3.40). Book value per EC: NOK 99.55 (96.70)

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.