MING SpareBank 1 SMN

Sparebank 1 SMN: The result of the election meeting for the holders of Equity Capital Certificates (ECCs) in SpareBank 1 SMN.

Sparebank 1 SMN: The result of the election meeting for the holders of Equity Capital Certificates (ECCs) in SpareBank 1 SMN.

In an election meeting held on Wednesday 10th of February, the following were elected as the Equity Capital Certificates holders' representatives in SpareBank 1 SMN's supervisory board.

As members:

1Lars Bjarne Tvete, Trondheim – re-election Re-elacted for 4 years
Åsmund Skår, Nesbru - re-election Re-elacted for 4 years
3Nils Martin Williksen, Rørvik - re-election Re-elacted for 4 years
4

Nina Kleven, Trondheim - re-election Re-elacted for 4 years
5Olav Sem Austmo, Trondheim – new memberNew member for 4 years
6Ingrid Finboe Svendsen, Trondheim – new memberNew member for 4 years
7Helge Moen, Stjørdal – new memberNew member for 4 years
8Frode Hassel, Trondheim, new member – former alternate varamedlemNew member for 4 years

As alternates:

1Jan Gunnar Heglund, Trondheim Re-elacted for 4 years
Heidi Blengsli Aabel, JakobsliRe-elacted for 4 years
Sivert Dombu, MeldalRe-elacted for 4 years
Frode Størdal, TrondheimRe-elacted for 4 years
5May Britt M. Bjørnevaag, BuvikaNew member for 4 years







EN
11/02/2021

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Sparebank 1 SMN (Buy, TP: NOK202.00) - Solid core revenue growth

Q1 PTP was NOK1,269m, 6% lower YOY, as stronger ‘real NII’ and fees were offset by soft trading and higher opex. On a QOQ basis, two fewer interest days, and somewhat softer growth, led to a ‘real NII’ decline. With a CET1 ratio of 18.1%, we see continued capital headroom, supportive of solid distributions. We have trimmed our 2026–2027e EPS by ~1% on the NII trend, but reiterate our BUY and NOK202 target price.

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