SPAREBANK 1 SMN

 (2.3; 8 ratings)
2.3 8
Business Focus
regional retail banking

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.

Bank Category

Savings banks

Services

retail banking
insurance

Clients

private individuals
SMEs
companies

Area Served

local municipality

Products

current accounts
credit cards
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans

Ways to Bank

SPAREBANK 1 SMN delivers its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of SPAREBANK 1 SMN
Operating_income of SPAREBANK 1 SMN
Market Share of SPAREBANK 1 SMN
Total Assets (2018)
157.72 bln NOK  (+4.88%)
Operating Income (2018)
2,379.10 mln NOK  (+5.58%)

SPAREBANK 1 SMN is the 3rd largest bank in Norway in terms of total assets. In 2018 its total assets were 157,72 bln NOK, providing the bank with the market share of 4.09%. SPAREBANK 1 SMN is the 2nd largest savings bank in Norway (out of 99 savings banks) having market share of 10.81% amongst the banks of this category. In 2018 the bank's operating income was 2 379,10 mln NOK.

Credit Ratings

Fitch: A-
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: A1
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

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).

Deposit Guarantee

Protected Amount
up to 2,000,000 NOK
Guarantee Fund
Norwegian Banks' Guarantee Fund
Covered Depositors
natural persons (Norwegian and foreign)
legal entities (Norwegian and foreign)
Covered Accounts
current accounts
savings accounts
time deposit accounts

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 and makes its contributions into it.

Member of Group

 SpareBank1 (Norway)

SPAREBANK 1 SMN is a member of SpareBank1 (Norway).

Contacts

Søndre gate 4, 7011, TRONDHEIM, Norway

SPAREBANK 1 SMN is located in TRONDHEIM.

Bank Identifiers

BIC (SWIFT)
SPTRNO22XXX
LEI
7V6Z97IO7R1SEAO84Q32
Company Number
937901003

Bank Supervision

Supervised By
Financial Supervisory Authority of Norway
Reference Number
937901003

SPAREBANK 1 SMN is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 937901003).

Bank History

Start Date
01 January 2006

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See Also

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