Third quarter 2024

  • Pre-tax profit NOK 1,693m (996m)
  • Net profit NOK 1,441m (740m)
  • Return on equity 21.0 per cent (11.1 per cent)
  • A gain of NOK 452m related to the merger between Fremtind and Eika Forsikring was recognised in the third quarter.
  • CET1 ratio 18.2 per cent (19.7 per cent)
  • Growth in group lending 2.2 per cent (1.0 per cent) in the third quarter
  • Reduction in deposits of 1.2 per cent (reduction of 1.4 per cent) in the third quarter
  • The net result of ownership interests was NOK 685m (minus NOK 2m), including the gain from the merger between Fremtind and Eika Forsikring
  • The net result of financial instruments (incl. dividends) was minus NOK 14m (64m)
  • Losses on loans and guarantees: NOK 75m (35m)
  • Earnings per equity certificate (EC): NOK 6.42 (3.28)
  • Book value per EC was NOK 124.05 (116.39) and the price of the bank’s EC (MING) was NOK 153.46 (137.20) at the end of the quarter

Equity certificate

Ticker: MING

MING at oslobors.no

 

 

 

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Rating

Moody's: Aa3

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Annual report

SpareBank 1 SMN intends to be a digital bank with a personal and local signature. 

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Sustainability

We aim to contribute to society’s value creation through responsible banking operations that instil public confidence in the entire corporation.

Investor and media contacts

Trond Søraas
Executive Director, Finance
+47 922 36 803
Rolf Jarle Brøske
Executive Vice President
+47 911 12 475
Trond Barikmo
Investor Relations
+47 934 30 399
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