The Quarterly Information Bulletin updated to December 31, 2025 has been published.
In the fourth quarter of 2025, the supervisory activity of the Central Bank of the Republic of San Marino developed along trajectories already traced in previous quarters, accompanied by a steady improvement in the technical profiles of the banking system, a substantial stability in the number of players in the financial system and, from the regulatory point of view, a progressive approximation to European standards, especially in the areas of Fit and Proper for corporate officers and system Safety Net.
Compared to last September 30:
-
total deposits of the banking system increased by a further 1.6 percent to nearly € 7 billion, and recorded a positive trend in both indirect deposits (+2.6 percent corresponding to € 83 million) and direct deposits (+0.7 percent corresponding to € 26 million);
-
loans to customers also grew, registering on a gross basis +0.5% corresponding to € 5 million, and the process of reducing the impaired component was further consolidated, falling by 1.6%, corresponding to € 3 million, one of which was due to a reduction in non-performing loans;
-
the net worth of the banking system stands at € 358 million, registering an increase of € 14 million (+3.9%), up sharply from the growth trend of the previous quarter; the coverage ratio of assets with net worth also improves by a 0.2%.
Quarterly Information Bulletin - 2025 Fourth Quarter
Statistical Appendix - 2025 Fourth 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 other institutional functions of BCSM; in this regard, each quarter the activities of the Treasury, Debt Collection, Payment System and Finance Departments are alternately examined.
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.