Equity certificate

Ticker: MING

MING at oslobors.no

Financial calendar

30 October

7AM: Publishing of results, 3rd quarter 2020

8AM: Presentation and webinar, Norwegian

3.15PM: Presentation and webinar, English

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

Results for the third quarter of 2020

  • Pre-tax profit: NOK 621m (609m) 
  • Post-tax profit: NOK 519m (488m) 
  • Return on equity: 10.5 per cent (10.2 per cent) 
  • Growth in lending: 2.5 per cent (1.1 per cent) and in deposits: 1.2 per cent (decline of 3.4 per cent) 
  • Lending to retail borrowers rose 2.2 per cent in the quarter (1.5 per cent), 0.2 percentage points less than in the second quarter 
  • Growth in lending to corporate borrowers: 3.0 per cent (0.2 per cent) 0.3 percentage points higher than in the second quarter 
  • Net result of financial instruments: NOK 205m (121m) 
  • Losses on loans: NOK 231m (71m), 0.52 per cent (0.17 per cent) of gross outstanding loans 
  • Earnings per EC: NOK 2.35 (2.30)

Presentation and webinar

SpareBank 1 SMN recorded a post-tax profit of NOK 519m in the third quarter of 2020 compared with NOK 488m in the same quarter last year. The quarter was marked by high growth, increased market shares and greater financial strength.


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