Annual accounts 2017

  • Profit before tax: NOK 2,279m
  • Net profit: NOK 1,828m
  • Return on equity: 11.5 per cent
  • CET1 ratio: 14.9 per cent
  • Growth in lending: 8.2 per cent and in deposits: 13.9 per cent
  • Loan losses: NOK 341m
  • Earnings per equity certificate (EC): NOK 8.71. Book value per EC incl. dividend proposed for 2017: NOK 78.81
  • Proposed dividend: NOK 4.40 per EC and NOK 322m to be allocated to non-profit causes

Statement by the Group CEO

SpareBank 1 SMN intends to be a digital bank with a personal and local signature. We will offer the best digital solutions and at the same time maintain a broad-based office network staffed by skilled advisers with copious local knowledge. This has been a successful strategy that we have chosen to give a specific name – phygital.

Read the statement by the Group CEO

Report of the Board of Directors

SpareBank 1 SMN has posted good results in 2017. Most business lines show a strong trend. A high influx of new retail customers and lower loan losses merit special mention. Moreover, the bank is very solid. The board of directors expect 2018 to be another good year.

Read the report of the Board of Directors

© SpareBank 1 SMN