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)

Quarterly presentation

On Friday May 7 at 3.15pm (CET), SpareBank 1 SMN invites you join the presentation of our results for the first quarter of 2021.

Here you will get the latest information about the bank and the region we operate in. 

Equity certificate

Ticker: MING

MING at oslobors.no




Financial calendar

7 May:
Publishing of results,
1st quarter 2021

11 August:
Publishing of results,
2nd 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