Equity certificate

Ticker: MING

MING at oslobors.no

Financial calendar

11 August
2nd quarter 2020: Publishing of results

30 October
3rd Quarter 2020: Publishing of results

Financial calendar 2020


Moody`s: A1, outlook stable


Annual report

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

Annual report 2019

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.


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
Hans Tronstad
Head of Corporate Communications
+47 941 78 322