Investor Relations

Equity certificate

Ticker: MING


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
Fitch: A-, outlook negative


Annual report

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

Annual report 2019

1st quarter 2020

  • Operating profit before losses and return on financial assets: NOK 564m (496m)
  • Pre-tax profit: NOK 357m (1,155m)
  • Post-tax profit: NOK 290m (1,046m)
  • Return on equity: 5.7% (23.3%)
  • CET1 ratio: 16.3% (14.8%)
  • Growth in lending: 6.0% (6.6%) and in deposits: 8.7% (6.8%)
  • Lending to retail borrowers accounts for 69% (68%) of total lending
  • Losses on loans and guarantees: NOK 308m (67m)
  • Gain of NOK 340m on sales of personal risk products to Fremtind Forsikring (460m)
  • Negative return on financial investments after increase in credit spreads in the liquidity portfolio of NOK 124m (plus 169m)
  • Share of loss recorded by SpareBank 1 Gruppen: NOK 115m (gain of NOK 169m)
  • Earnings per EC: NOK 1.26 (5.02). Book value per EC: NOK 86.85 (83.86)

SpareBank 1 SMN maintains a sound liquidity position and is well capitalised. The group has a strong foundation in the shape of a broad and well-diversified earnings platform. Core business excluding loan losses delivered good results in the first quarter with a strong revenue performance and moderate cost growth. The overall result nonetheless reflects the times of crisis by increased loan losses, losses on securities and losses recorded by SpareBank 1 Gruppen.


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