SpareBank 1 SMN 2021 IR
The report highlights SpareBank 1 SMN's strong financial performance in 2021, delivering a record net profit of NOK 2,902 million and a return on equity of 13.5%. The group successfully implemented its new sustainability strategy, which included issuing a senior green bond worth EUR 500 million and launching the 'My Climate Track' digital tool for customers. Additionally, the bank reduced its loan losses significantly to NOK 161 million, primarily within the offshore segment. The group also advanced its 'One SMN' organizational model to enhance synergy across its banking, accounting, and estate agency lines while committing to reduce its direct climate footprint.
Company: SpareBank 1 SMN
Sector: Finance & insurance
Country: Norway
Year: 2021
Type: IR
Pages: 234
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SpareBank 1 SMN
Annual Report
The report highlights SpareBank 1 SMN's strong financial performance in 2021, delivering a record net profit of NOK 2,902 million and a return on equity of 13.5%. The group successfully implemented its new sustainability strategy, which included issuing a senior green bond worth EUR 500 million and launching the 'My Climate Track' digital tool for customers. Additionally, the bank reduced its loan losses significantly to NOK 161 million, primarily within the offshore segment. The group also advanced its 'One SMN' organizational model to enhance synergy across its banking, accounting, and estate agency lines while committing to reduce its direct climate footprint.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 2:
Women on Board
Women in Management
Employees