SpareBank 1 SMN

SpareBank 1 SMN is a Norwegian savings bank based in Trøndelag.

The bank created grunnfondsbevis in 1994 and listed itself on Oslo Stock Exchange.

In 1996 it was one of the founding banks of the alliance SpareBank 1, where it today holds a 19.5% ownership.

[2] The Norwegian subsidiary of Iceland’s Glitnir Bank, Glitnir Bank ASA in Norway, was sold for NOK 300 million on October 21, 2008, or ISK 5.5 billion, but its current worth is estimated at ISK 36.5 billion .

The takeover was led by Finn Haugan, the managing director of Sparebank 1 SMN which acquired a 25-percent stake in the bank.

Head office of Sparebanken Midt-Norge in downtown Trondheim