Net profit: NOK 2,563 million
Through solid banking, we build muscle to contribute funding to people and businesses. As a community-owned bank, we also pay dividends to the local communities. Our ownership model is unique. The more customers who choose SpareBank 1 SMN, the greater the dividend for the region.
SpareBank 1 SMN achieved a post-tax profit of NOK 2,563m and return on equity 13.7 per cent in 2019. The Board is well satisfied with the Group's results in 2019, and new strategic initiatives will further strengthen the Group's competitiveness. The Group strategy provides a good basis for further development of the Group's business areas. The Group is well-positioned with profitable business areas, and through strengthened collaboration and profit-enhancing measures, the Group will achieve its financial goals.