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01 Jul 20251 min read

Published Quarterly Information Bulletin as of March 31, 2025

The Quarterly Information Bulletin updated to March 31, 2025 has been published.
In the first quarter of 2025, the positive trend of key banking system data continued. Compared to last December 31:

  • deposits increased by 1.7 percent
  • loans to customers grew on a net and gross basis, up 22 million euros and 23 million euros, respectively; the reduction in impaired exposures continued (-6.8% at net values) with a generalized contraction in the most critical components, including probable defaults and past due positions
  • Shareholders' equity increased by an additional 3 million euros; the ratio of shareholders' equity to total assets rose to 8.2% signaling a strengthening of the system's capital position

Quarterly Information Bulletin - 2025 First Quarter
Statistical Appendix - 2025 First 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.