(Figures in parentheses refer to 2010)
The outlook for the international economy is demanding. Consequences for business in the Bank’s market area have thus far been limited. The Bank has a strong market position. To reinforce this position the Board of Directors will launch a programme designed to further strengthen the Group’s customer orientation.
2011 proved another good year for SpareBank 1 SMN. A Group pre-tax profit of NOK 1,279m, a stable trend in the Bank’s core business and sound growth in market shares confirm the Bank’s solid position. The Bank is better equipped than ever to meet its customers’ expectations and needs.