1st quarter 2021

  • Pre-tax profit: NOK 901m (357m)
  • Post-tax profit: NOK 768m (290m)
  • Return on equity: 14.8% (5.7%)
  • CET1 ratio: 18.0% (16.3%)
  • Growth in lending: 8.5% (6.0%) and in deposits: 16.2% (8.7%). Growth in lending in the first quarter was 1.4% (1.8%) and in deposits 5.0% (2.6%)
  • Growth in lending to personal customers rose by 0.8% in the quarter (1.7%), 0.8 percentage point lower growth than in the fourth quarter. Growth in lending to corporate clients rose by 2.6% (1.9%) which was 0.1 percentage point higher than in the fourth quarter
  • Net result of ownership interests: NOK 128m (217m, including an insurance gain of NOK 340m)
  • Excellent profit of NOK 125m at SpareBank 1 Markets (minus 14m).
  • Net result of financial instruments: NOK 158m (loss of 124m)
  • Losses on loans and guarantees: NOK 59m (308m)
  • Earnings per equity certificate (EC): NOK 3.40 (1.26). Book value per EC: NOK 96.70 (86.85)

Equity certificate

Ticker: MING

MING at oslobors.no




Financial calendar

12 August, 7AM
Publishing of results,
2nd quarter 2021

29 October:
Publishing of results,
3rd quarter 2021

Financial calendar 2021


Moody`s: A1, outlook stable





Annual report

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

Annual report 2020



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

Kjell Fordal
Executive Director, Finance
+47 905 41 672
Rolf Jarle Brøske
Executive Vice President
+47 911 12 475