The Central Bank of the Republic of San Marino published a statement criticising media coverage it says is aimed at discrediting the country and its financial system, and stressing that the attempted acquisition of control of the Bank of San Marino was assessed through the competent formal channels rather than in the media sphere. It set out that the authorisation process began on 11 June 2025 with the applicants’ payment of secretarial fees and concluded on 24 October 2025 with a denial order. The central bank stated that all communications relating to that process are on its records and that alternative reconstructions are without foundation. It also reiterated that supervisory and preventive institutions act in strict compliance with supervisory rules and principles, in full cooperation with the Judicial Authority, and stated that credit institutions operate within supervisory parameters and have strengthened capitalisation, profitability and liquidity in recent years, citing recent assessment reports by the International Monetary Fund and rating agencies.
Central Bank of San Marino 2026-02-16
Central Bank of the Republic of San Marino rebuts media reports and outlines its denial of the Bank of San Marino control acquisition
The Central Bank of the Republic of San Marino criticized media for discrediting its financial system, emphasizing the acquisition attempt of the Bank of San Marino was properly assessed. Authorization was denied on 24 October 2025, with all communications documented, dismissing alternative narratives. The bank highlighted compliance with supervisory rules and improvements in capitalisation, profitability, and liquidity, supported by recent assessments from the IMF and rating agencies.