SpareBank 1 SMN is Norwegian’s savings bank based in Trøndelag. The bank is one of the country’s leading financial service group and one of six owners of the SpareBank 1 Alliance. Its head office is in Trondheim and the Group and its subsidiaries have more than 1,200 staff.
SpareBank 1 SMN is present in 48 localities in 42 municipalities. It's presence extends from Øvre Årdal in Sogn og Fjordane in the south to Vikna in Nord-Trøndelag in the north. The Bank’s offices service the various customer categories via a variety of office solutions.
Business Segments
SMN Retail
Through its business area SMN Retail, the Bank offers advice to retail customers, farm sector customers, pools/associations and one-person businesses. Sparebank 1 Smn offers personal financial advice tailored to customer needs and a broad range of products in our core areas of financing, savings and investment, insurance and payment services. Our products and service concept aim to improve and simplify everyday life for our customers.
Our bank offices are situated throughout our market area, putting our advisers within easy reach of the customer on a face to face or remote basis. The most important banking services are self-service, while the direct bank offers advice to the customer on a remote basis.
At SpareBank 1 SMN keeps a continuous focus on developing our expertise and skills to enable us to meet the demands of today’s financial market in the best possible manner. Sparebank 1 Smn has a responsibility for ensuring that advice is provided in compliance with legal requirements and good advisory practices, and Sparebank 1 Smn aims to give the best possible assistance in their financial everyday life.
SMN Corporate
The business area SMN Corporate focuses on financial counselling in the fields of investment and operations financing, domestic and foreign money transfers, fixed income and currency hedging, investment of surplus liquidity and insurance of individuals and buildings/operating equipment. Much of the business is in close cooperation with SMN Retail, SpareBank 1 Markets and with subsidiaries offering leasing, factoring and accountancy services.
The business is physically located across the entire market area to secure proximity to customers combined with satisfactory competence units. The business is skills-intensive, and much emphasis is given to training in practical understanding of business in segments to which the Bank is heavily exposed such as real estate, sea farming, agriculture, fishery, offshore, energy, retail trade and the public sector.
The SpareBank 1 Alliance
The Norwegian SpareBank 1 banks operate an alliance and develop products through the jointly owned companies SpareBank 1 Gruppen (the “SpareBank 1 grouping”) and Alliansesamarbeidet SpareBank 1 (“the “SpareBank 1 collaborative alliance"). The SpareBank 1 Alliance is Norway’s second largest financial services grouping. The Alliance consists of independent banks that are fully-fledged providers of financial products and services to private individuals and firms
Corporate Social Responsibility
As a major regional bank, SpareBank 1 SMN lives in close community with the region. Ever since the Bank was established in 1823, further development of the society of which Sparebank 1 Smn is a part has been a central focus of our policy choices and dispositions.
Through the Bank’s gift fund Sparebank 1 Smn has for many years, returned funds to the region of which Sparebank 1 Smn are a part. Sparebank 1 Smn can mention grants to talented individuals in the arts and sports, support for local associations and organisations, well-being measures at neighbourhood level and contributions to business development in Trøndelag and in Møre og Romsdal.
An active interplay between research, development, education and the business sector is important for the region’s development. Each year SpareBank 1 SMN devotes substantial resources to stimulating innovation and to bringing together industry, business and knowledge institutions. Our collaboration with the Norwegian University of Science and Technology (NTNU) and the Foundation for Scientific and Industrial Research (SINTEF), both in Trondheim, along with iKuben in Molde and Aalesund University College, is key to this effort.