The Central Bank of San Marino published its Quarterly Information Bulletin covering the financial system up to 30 September 2024, reporting a continued improvement in key banking-sector indicators, including higher overall funding, stronger net performing credit exposures and a further decline in non-performing exposures. Compared with 30 June 2024, total banking system funding increased by EUR 91 million (+1.4%) to EUR 6.354 billion, driven by a EUR 94 million rise in indirect funding to EUR 2.734 billion while direct funding was broadly stable at EUR 3.620 billion. Net cash credit exposures to customers rose to EUR 987 million (+EUR 13 million), reflecting a EUR 21 million increase in net performing exposures to EUR 815 million and an EUR 8 million decrease in net non-performing exposures to EUR 172 million, with gross and net NPL ratios improving to 23.3% and 17.5% respectively. Net equity increased by EUR 12 million to EUR 337 million, taking net equity to total assets to 8.0% (from 7.7%). The bulletin also summarises regulatory and supervisory developments over the quarter, including the Central Bank’s crypto-assets regulation (aligned to the EU’s MiCAR framework) and a SEPA payments operations draft that was consulted on between 23 September and 28 October 2024, with the adopted measure dated 7 November 2024 to be covered in the next quarterly bulletin.
Central Bank of San Marino2025-02-21
Central Bank of San Marino publishes Q3 2024 bulletin showing total banking system funding up EUR 91 million and NPL ratios improving
The Central Bank of San Marino's Quarterly Information Bulletin reports improved banking-sector indicators as of 30 September 2024, with total funding rising by EUR 91 million to EUR 6.354 billion and net performing credit exposures increasing by EUR 21 million. The bulletin also highlights regulatory developments, including alignment with the EU's Markets in Crypto-Assets Regulation and a draft on SEPA payments operations.