Investor relations
SpareBank 1 SMN is the largest financial group in the region and one of six member banks in the SpareBank 1 alliance.
Financial calendar
30 October
7AM: Publishing of results, 3rd quarter 2020
8AM: Presentation and webinar, Norwegian
Annual report
SpareBank 1 SMN intends to be a digital bank with a personal and local signature.
Financial information
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)
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.
Sustainability
SpareBank 1 SMN aims to contribute to society’s value creation through responsible banking operations that instil public confidence in the bank.
