About us

Annual report 2023

Net profit: 3,688 million

  • Profit before tax and result investment held for sale: NOK 4,484 million
  • Return on equity: 14.4 per cent
  • Growth in lending: 11.9 per cent and in deposits: 8.9 per cent
  • Net result of ownership interests: NOK 297m
  • Net result of financial instruments (incl. dividends): minus NOK 502m
  • Losses on loans and guarantees of NOK 14m
  • Earnings per equity certificate (EC): NOK 16.88
  • Proposed dividend: NOK 12.00 per EC and NOK 680 million to be allocated to non-profit causes

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

We have several subsidiaries: 

  • EiendomsMegler 1 Midt-Norge
  • SpareBank 1 Finans Midt-Norge
  • SpareBank 1 Regnskapshuset SMN

 

Sustainability

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. 

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