SpareBank 1 SMN - Company Profile
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SpareBank 1 SMN (SMN) is a financial services company that offers a wide range of banking products. The bank's main activities include providing loans, savings, investments, insurance, and pension services. Its major products and services encompass mortgage loans, car loans, consumer loans, savings accounts, investment options, and various insurance policies. SMN serves individual customers, businesses, and organizations, providing solutions tailored to personal finance, business needs, and agricultural operations. It operates through a network of branches and digital platforms, ensuring accessibility to its services. The company primarily targets markets in Norway, focusing on both urban and rural areas. SMN is headquartered in Trondheim, Norway.
Headquarters
Norway
Address
Sondre Gate 4, Trondheim, 7011
Telephone
47 91 507300
No of Employees
1,672
Industry
Financial Services
Ticker Symbol & Exchange
MING (OSL)
Revenue (2025)
$1.6B
0.3%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
-4.6%
(2025 vs 2024)
Market Cap*
$2.9B
Net Profit Margin (2025)
XYZ
-4.9%
(2025 vs 2024)
* As of and is in US$
SpareBank 1 SMN premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Asset Management |
| Saving | Leasing |
| Checking | Factoring |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In March, the company and Swedbank partnered to jointly form a Nordic investment bank, SB1 Markets. |
| 2022 | Contracts/Agreements | In June, the company entered into an agreement to merge with SpareBank 1 Sore Sunnmore. |
| 2021 | New Products/Services | The bank launched tryggere boligbytte along with EiendomsMegler 1 Midt-Norge. |
Competitor Comparison
| Key Parameters | SpareBank 1 SMN | DNB ASA | Aprila Bank ASA | Landkreditt Bank AS | Nordea Eiendomskreditt AS |
|---|---|---|---|---|---|
| Headquarters | Norway | Norway | Norway | Norway | Norway |
| City | Trondheim | Oslo | Oslo | - | Oslo |
| State/Province | - | - | - | Oslo | Faroe Islands |
| No. of Employees | 1,672 | 10,964 | 41 | - | - |
| Entity Type | Public | Private | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kjell Bjordal | Chairman | Executive Board | 2013 | 73 |
| Christian Stav | Deputy Chairman | Executive Board | 2019 | 58 |
| Jan Frode Janson | Group Chief Executive Officer | Senior Management | 2019 | 57 |
| Kjetil Reinsberg | Chief Executive Officer - EiendomsMegler 1 Midt-Norge | Senior Management | 1999 | 65 |
| Arne Nypan | Chief Executive Officer - SpareBank 1 Regnskapshuset SMN | Senior Management | 2020 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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