SpareBank 1 SMN strengthened its market position and achieved sound profit growth in 2012. The Group’s funding is robust.The Board of Directors will focus strongly ahead on measures designed to strengthen the Bank’s financial position so that it has a common equity tier 1 ratio of at least 12.5 per cent by 31 December 2015.
2012 proved to be another very good year for SpareBank 1 SMN. A Group pre-tax profit of NOK 1,355m and a post-tax return on equity of 11.7 per cent are above the levels planned for the year. At the start of 2013 there are grounds for optimism for the profit trend this year too.