The Central Bank of San Marino announced it has completed its assessment of a foreign group’s application to acquire a majority stake in Banca di San Marino and that its Supervision Committee has decided not to authorize the transaction. The refusal is based on prudential and supervisory criteria, consistent with current regulations and international best practices on reputational suitability. The assessment drew on information gathered through national and international cooperation with other authorities and institutions. The Central Bank stressed that the decision concerns only the prospective acquirer and has no impact on Banca di San Marino’s operations or its ongoing programme to strengthen its technical profiles under timelines shared with the supervisor, and it stated that the bank continues to operate in compliance with applicable prudential and liquidity requirements. No measures are envisaged with regard to Banca di San Marino. Citing Article 37 of Law 165/2005 (LISF), the Central Bank said it will take all possible legal actions against anyone disseminating news or messages that undermine confidence in the bank’s stability or business continuity.
Central Bank of San Marino 2025-10-24
Central Bank of San Marino refuses authorization for a foreign group to acquire a majority stake in Banca di San Marino
The Central Bank of San Marino has rejected a foreign group's bid to acquire a majority stake in Banca di San Marino, citing prudential and supervisory criteria. The decision does not affect Banca di San Marino's operations or its compliance with prudential and liquidity requirements. The Central Bank warned against spreading information that could harm the bank's stability, referencing Article 37 of Law 165/2005 (LISF).