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SpareBank 1 SMN ( (SRMGF) ) has provided an update.
SpareBank 1 SMN has announced plans to issue Additional Tier 1 bonds worth up to NOK 150 million, with Nordea and SpareBank 1 Markets as the mandated parties. This move, approved by the company’s Supervisory Board, is contingent on market conditions and reflects the bank’s strategy to strengthen its capital base, potentially impacting its financial stability and market competitiveness.
The most recent analyst rating on (SRMGF) stock is a Hold with a NOK171.00 price target. To see the full list of analyst forecasts on SpareBank 1 SMN stock, see the SRMGF Stock Forecast page.
More about SpareBank 1 SMN
SpareBank 1 SMN operates in the financial services industry, focusing on banking and financial solutions. The company provides a range of services including loans, savings, insurance, and payment solutions, primarily targeting the Norwegian market.
Average Trading Volume: 173,139
Current Market Cap: NOK27.03B
For detailed information about SRMGF stock, go to TipRanks’ Stock Analysis page.