Q1

• Pre-tax profit: NOK 901m
• New sustainability strategy implemented. SpareBank 1 SMN issued a senior green bond worth NOK 500m and launched My Climate Track
• Stable net interest income despite margin pressure. Good customer and volume growth, in particular in the corporate area
• Strong profit performance by SpareBank 1 Markets, good return on financial investments and other ownership interests
• Streamlined distribution and operating model established, contributing to low cost growth

Q2

• Pre-tax profit: NOK 942m
• Good profits from subsidiaries, product companies and financial investments. Particularly good market conditions in the estate agency, securities services and insurance areas
• Loan losses substantially reduced and SpareBank 1 SMN’ residential and corporate portfolios both show good credit quality
• SpareBank 1 SMN establishes an economic crime department to meet increased risk along with a strong, coherent specialist unit
• SpareBank 1 Finans Midt-Norge joins the car subscription company Fleks in an ownership role

Q3

• Pre-tax profit: NOK 849m
• Increased optimism in the Norwegian economy. As the market leader in Mid-Norway, SpareBank 1 SMN has excellent prospects for further growth and development
• Losses established at a lower level due to a positive trend for the business sector in Mid-Norway
• Dividend payout of NOK 3.10. Dividend of NOK 4.40 declared for 2020, of which NOK 3.10 was disbursed on 9 November 2021
• Reopening of society as from 25 September. 86 per cent of the population aged over 18 are fully vaccinated. SpareBank 1 SMN allocates NOK 100m of the community dividend to the voluntary sector, culture, sports and local celebrations across the entire region

Q4

• Pre-tax profit: NOK 703m
• SpareBank 1-alliansen reached the age of 25 in November. The alliance collaborates on a shared platform and brand, and now comprises 14 independent, solid and profitable savings banks across the entire country
• SpareBank 1 Regnskapshuset SMN entered a nationwide agreement with the LO (Norway’s trade unions confederation) in which SpareBank 1 Regnskapshuset SMN is to be the sole provider of accounting and advisory services to the self-employed through the ‘LO-selvstendig’ benefits programme.
• The year’s economic barometer for business and industry in the region was presented in November 2021, including the sustainability barometer. The economic barometer confirms a positive trend for the region and generally high optimism, at the same time as the sustainability barometer shows that a green transition in the Mid-Norwegian business sector is not under way – yet.
• The equity fund ODIN Bærekraft was launched. As an actively managed and sustainable equity fund, ODIN Bærekraft invests in high-quality companies throughout the world.