Good result in 2011

  • Profit: NOK 1,024m (NOK 1,022m)
  • Return on equity: 12.8 per cent (14.6 per cent)
  • Tier 1 capital ratio: 10.4 per cent (10.9 per cent), common tier 1
    ratio: 8.9 per cent (9.3 per cent)
  • 12-month growth in lending: 8.6 per cent (13.2 per cent),
    12-month growth in deposits: 11.9 per cent (14.9 per cent)

(Figures in parentheses refer to 2010)

Collage forside

Report of the Board of Directors

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.

Read the report of the Board of Directors

Statement by the Group CEO

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.

Read the statement by the Group CEO

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