SpareBank 1 SMN has contributed to the development of Trøndelag for almost 200 years, and in the past decade the same goes for Møre and Romsdal. We do this both by knowledge-based funding of businesses and private individuals, and by allocating parts of the bank’s net profit to good causes in the spheres of business development, culture and the arts, and sports. In that way we are more than a bank for our customers.
The bank has shown a satisfactory trend with a strengthened market position and a strong financial result, and CET1 capital adequacy has climbed to 14.9 per cent. The Board expects changing customer behaviour and new technology to set the stage for further cost efficiencies.The board is pleased with the Group’s achievements and results for 2016.