Written by BCSM | 19 Sep 2025
The Quarterly Information Bulletin updated to June 30, 2025 has been published.
In the second quarter of 2025, there is substantial stability in the composition of the financial system and positive dynamics in some banking aggregates, with positive reflections on the overall soundness of the system.
Compared to last March 31:
- deposits increased by 2.7 percent
- loans to customers also grew, both on a net and gross basis, by about € 15 million while the extent of impaired exposures was substantially stable, remaining at € 189 million on a gross basis and at about € 120 million on a net basis (corresponding to 17.5% and 11.9% of total loans, respectively), so the NPL ratios continue to improve compared to the previous quarter (-0.2% and -0.1%, respectively)
- the net worth of the banking system stood at € 337 million, registering a decrease of € 9 million compared to March 31, 2025, attributable to the distribution of the 2024 balance sheet profits to shareholders, only partially offset by the profits accrued in the first half of the year.
Quarterly Information Bulletin - 2025 Second Quarter
Statistical Appendix - 2025 Second Quarter
This document describes the main information pertaining to the San Marino financial system, as well as the activities of BCSM, and in particular reports for the reporting period:
- changes in the primary regulatory framework and implementing regulations issued by BCSM;
- a summary description of BCSM's supervisory activities and international relations;
- key system data and trends;
- a description of BCSM's other institutional functions; in this regard, each quarter the activities of the Treasury, Debt Collection, Payment System and Finance Departments are examined alternately.
The Quarterly Information Bulletin represents an element of the Central Bank's institutional communication, aimed at principles of transparency and accountability of its action as the Supervisory Authority for the San Marino financial system.