SPAREBANK 1 SMN is a local savings bank, focused on retail banking and insurance products and services to local residends: private individuals, SMEs and companies. The range of products offered by SPAREBANK 1 SMN includes current accounts, payment cards, savings accounts, consumer loans, car loans and mortgage loans.
SPAREBANK 1 SMN is the 3rd largest bank in Norway in terms of total assets. In 2019 its total assets were 162,07 bln NOK, providing the bank with the market share of 3.92%. SPAREBANK 1 SMN is the 2nd largest savings bank in Norway (out of 95 savings banks) having market share of 10.55% amongst the banks of this category. In 2019 the bank's operating income was 2 714,51 mln NOK.
SPAREBANK 1 SMN is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A1 (upper medium grade).
SPAREBANK 1 SMN participates in the deposit guarantee scheme of Norway. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign) and covers up to up to 2,000,000 NOK per bank per depositor. SPAREBANK 1 SMN is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.
SPAREBANK 1 SMN is a member of SpareBank1 (Norway).
SPAREBANK 1 SMN is located in TRONDHEIM.
SPAREBANK 1 SMN is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937901003).