Trade SpareBank 1 SMN - MING CFD

About SpareBank 1 SMN

SpareBank 1 SMN (the Bank) is a Norway-based regional bank. It is engaged in the provision of both banking and financial products and services to individual and corporate customers. The Bank’s offering includes such products and services, as loans, mortgage, insurance, pension funds and savings accounts, as well as commercial leasing, shares, bonds and asset management services. The Bank is present in 52 locations in 43 municipalities in the Norwegian counties of Sogn, Fjordane, More and Romsdal. The Bank is a division of the SpareBank 1 alliance. SpareBank 1 SMN is active through the subsidiaries: EiendomsMegler 1 Midt-Norge AS, SpareBank 1 SMN Regnskap AS, SpareBank 1 SMN Finans AS, SpareBank 1 Bilplan AS, Allegro Finans ASA and SpareBank 1 SMN Card Solutions AS.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, SpareBank 1 SMN interest income decreased 7% to NOK3.92B. Net interest income after loan loss provision increased 46% to NOK2.64B. Net income applicable to common stockholders excluding extraordinary items increased 50% to NOK1.71B. Net interest income after loan loss provision reflects CM segment increase from NOK303M to NOK975M, SMN Finans segment increase of 32% to NOK425M.

Equity composition

05/2005, Rights Issue, 1 new share for every 3.5 shares held @ NOK200.11/2005, 25% bonus issue, 4-for-1 stock split & Nominal value changed from NOK 100. 03/2004, Scrip Issue, 1 new share for every 4 shares held. 03/2009, Script Issue, 1 new share for every 5 shares held. 3/2010, Rights Issue, 9 new shares for every 25 shares held @ NOK33 (Factor:1.1166).