The Central Bank of the Republic of San Marino (CBSM) stigmatizes the circulation, in the media, of news and reconstructions aimed at discrediting the country, including the San Marino financial system, also on the basis of disputes and attacks promoted by foreign subjects who are recipients of measures of the public authorities.
In this regard, CBSM reiterates that the events related to the acquisition of control of the Bank of San Marino have been the subject of in-depth analysis and feedback in the competent fora, in accordance with the procedures and timeframes provided by the legal system. These venues - by their nature - do not coincide with the media debate, which cannotreplace the formal assessments, technical evaluations and determinations of the authorities in charge.
All communications related to the aforementioned authorization process, which began on June 11, 2025 (with the payment by the applicants of the secretarial fees) and ended on October 24, 2025 (with the denial order) are in the records of the Central Bank, so any other reconstruction is without foundation.
The work of supervisory and preventive institutions is marked by strict compliance with the supervisory rules and principals, in full cooperation with the Judicial Authority.
The confidence of savers and the stability of operators remains CBSM's priority: all credit institutions, none excluded, operate in compliance with supervisory parameters, having strengthened in recent years their levels of capitalization, profitability and liquidity, as also confirmed by the most recent assessment reports of the International Monetary Fund and Rating Agencies.
The Republic of San Marino and its Institutions are demonstrating, once again, resilience and responsiveness, in the wake of legality and market rules.