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)
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A presentation of the results will be available to view here from 1pm on Friday 6 May. 

Equity certificate

Ticker: MING

MING at oslobors.no




Financial calendar

6 May

Quarterly report, 1st quarter

Financial calendar 2022


Moody`s: A1, outlook stable





Annual report

SpareBank 1 SMN intends to be a digital bank with a personal and local signature. 

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SpareBank 1 SMN aims to contribute to society’s value creation through responsible banking operations that instil public confidence in the bank.

Investor and media contacts

Trond Søraas
Executive Director, Finance
+47 922 36 803
Rolf Jarle Brøske
Executive Vice President
+47 911 12 475
Trond Barikmo
Investor Relations
+47 934 30 399