Annual accounts 2013

  • Profit of NOK 1,400m after tax
  • Return on equity 13.3 per cent
  • Common tier 1 ratio 11.1 per cent
  • Growth in lending 6.5 per cent and growth in deposits 7.3 per cent
  • Loss on loans NOK 101m
  • Earnings per equity certificate (EC) NOK 6.92
  • Book value per EC NOK 55.69
  • Recommended dividend NOK 1.75 per EC
Årsrapport 2013

Statement by the Group CEO

2013 proved to be another good year for SpareBank 1 SMN. We achieved a profit of NOK 1,400m, an increase of NOK 323m from the previous year. Return on equity was 13.3 per cent, an improvement of 1.6 percentage points from 2012.

Read the statement by the Group CEO

Report of the Board of Directors

The 2013 profit performance was excellent and confirms that steps taken under the Group's capital plan are having good effect. The core business is on a very positive trend and shows the Group's ability to generate satisfactory return on the increased capital. The aim is attain a Group core capital ratio of 13.5 per cent without opting for a stock market flotation.

Read the report of the Board of Directors

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