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Sparebank 1 SMN (MING.OL)

MING.OL on Oslo Stock Exchange

87.00NOK
17 Oct 2018
Change (% chg)

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kr87.00
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Avg. Vol
169,315
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kr92.90
52-wk Low
kr77.00

Latest Key Developments (Source: Significant Developments)

Sparebank 1 SMN Q2 Net Profit Up At NOK 743 Million
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Sparebank 1 SMN ::REG-SPAREBANK 1 SMN : GOOD OPERATIONS AND EXTRAORDINARY INCOME.NET PROFIT OF NOK 1,209 MILLION IN FIRST SIX MONTHS OF CURRENT YEAR, AN INCREASE OF NOK 433 MILLION OVER SAME PERIOD LAST YEAR.Q2 LOAN LOSSES NOK 78 MILLION VERSUS NOK 86 MILLION YEAR AGO.Q2 NET PROFIT NOK 743 MILLION VERSUS NOK 409 MILLION YEAR AGO.Q2 NET INTEREST INCOME NOK 581 MILLION VERSUS NOK 532 MILLION YEAR AGO.BANK'S WIDER LOAN PORTFOLIO SHOWS MINIMAL LOSSES AND DEFAULTS, AND BOARD EXPECTS THIS PICTURE TO PERSIST IN 2018.  Full Article

Sparebank 1 SMN says Sparebank 1 Gruppen and DNB sign letter of intent relating to insurance merger
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Sparebank 1 SMN ::REG-SPAREBANK 1 SMN : SPAREBANK 1 GRUPPEN AND DNB SIGN LETTER OF INTENT RELATING TO INSURANCE MERGER.NEW INSURANCE COMPANY WILL RESULT FROM MERGER OF SPAREBANK 1 FORSIKRING WITH DNB FORSIKRING AS.NEW COMPANY WILL REMAIN SUBSIDIARY OF SPAREBANK 1 GRUPPEN AS, WHICH WILL HAVE STAKE EQUIVALENT TO 60 PER CENT IN NEW COMPANY.LETTER OF INTENT SETS OUT A CONVERSION RATIO OF AROUND 80 PER CENT FOR SPAREBANK 1 GRUPPEN AND AROUND 20 PER CENT FOR DNB..AT TIME WHEN MERGER IS COMPLETED, NEW COMPANY WILL HAVE A MARKET SHARE IN RISK INSURANCE OF MORE THAN 15 PER CENT.  Full Article

Sparebank 1 SMN Issues NOK 300 Million In Additional Tier 1 Capital
Friday, 6 Apr 2018 

April 6 (Reuters) - SPAREBANK 1 SMN ::TODAY ISSUED NOK 300 MILLION IN ADDITIONAL TIER 1 CAPITAL WITH A PERPETUAL TENOR.ISSUE HAS A FIRST CALL OPTION 5.25 YEARS FROM SETTLEMENT DATE FOR NOK 300 MILLION.ISSUE HAS COUPON OF 3 MONTHS NIBOR +3.15 PERCENTAGE POINTS P.A..  Full Article

Sparebank 1 SMN seeks NOK 300 mln tier 1 capital, buyback
Thursday, 5 Apr 2018 

April 5 (Reuters) - Sparebank 1 SMN ::‍SEEKING TO ISSUE ADDITIONAL TIER 1 CAPITAL WITH A PERPETUAL TENOR AND FIRST CALL OPTION 5.25 YEARS FROM SETTLEMENT DATE FOR UP TO NOK 300 MILLION​.‍MAY OFFER REPURCHASE OF BONDS IN BOND ISSUE MING65 AT 100.59 AND MING68 AT 101.61 WITH SETTLEMENT 18 APRIL 2018 FOR AN AMOUNT UP TO SIZE OF ADDITONAL TIER 1 BOND ISSUE​.  Full Article

Sparebank 1 SMN Q3 net income up at NOK 491 mln
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - SPAREBANK 1 SMN ::Q3 NET INTEREST INCOME NOK ‍​559 MILLION VERSUS NOK 449 MILLION YEAR AGO.Q3 NET INCOME NOK ‍​491 MILLION VERSUS NOK 414 MILLION YEAR AGO.Q3 LOAN LOSSES NOK ‍​88 MILLION VERSUS NOK 130 MILLION YEAR AGO.  Full Article

Norway's FSA proposes restrictions on quarterly dividends for financial institutions

OSLO, Oct 11 Norway should not allow banks and insurers to make quarterly dividend payments, which some financial institutions have sought to do, the country's Financial Supervisory Authority (FSA) said in a recommendation to the Finance Ministry late on Wednesday.