SpareBank 1 SMN Overview
Pro stress-test →SpareBank 1 SMN is the region's leading financial services group and a part of the SpareBank 1 Alliance. As a one-stop provider to households and businesses, the bank offers financing, savings and investment, insurance and payment services. The head office is in Trondheim and the group with subsidiaries employ around 1,850 staff.
Strategic Profile
Pro stress-test →SpareBank 1 SMN plays an important role in strengthening the Norwegian ocean technology and autonomy ecosystem in Trondheim and the Trøndelag region, and is one of the largest financial groups in Central Norway. Beyond commercial operations, the bank has a clear regional development role through its community dividend model, investing in socially beneficial projects related to innovation, business development, culture, and competence building across the region.
Competitive Landscape
Pro stress-test →SpareBank 1 SMN has total assets of NOK 46 billion, making it the 9th largest bank in Norway. In Trøndelag the bank has a market share of 38% while it has a 28% marked share in Romsdal. The bank competes with other regional savings banks within the SpareBank 1 Alliance network and larger national banking institutions.
Industry Context
SpareBank 1 SMN operates in Regional retail banking.
Key facts
Founded: 1823 · Headquarters: Trondheim, Norway · Employees: 1,850 · Revenue: N/A · Market cap: N/A