Investor relations
SpareBank 1 SMN is the largest financial group in the region and one of six member banks in the SpareBank 1 alliance.
Financial calendar
11 August
2nd quarter 2020: Publishing of results
30 October
3rd Quarter 2020: Publishing of results
Annual report
SpareBank 1 SMN intends to be a digital bank with a personal and local signature.
Financial information
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.
Sustainability
SpareBank 1 SMN aims to contribute to society’s value creation through responsible banking operations that instil public confidence in the bank.
