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
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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.
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.
