The Central Bank of San Marino published its second-quarter bulletin, showing higher total funding, broadly stable customer lending and further declines in nonperforming loan ratios. Total funding rose by EUR 242 million to EUR 7.275 billion, driven by a 7.4% increase in indirect funding, while direct funding was nearly unchanged. Banking system equity increased 0.6% to EUR 361 million. Gross customer credit declined 1% to EUR 1.1 billion, while net credit rose 0.2% to EUR 1.041 billion. The gross nonperforming loan ratio fell from 16.1% to 14.7%, and the net ratio declined from 11% to 10.6%, although the coverage ratio for impaired exposures decreased from 36% to 32%. The central bank also simplified requirements for notes to individual and consolidated financial statements and related supervisory reporting through an update to its financial statement framework.
Central Bank of San Marino quarterly bulletin shows 3.4% funding growth and lower NPL ratios
The Central Bank of San Marino reported a 3.4% rise in total funding to EUR 7.275 billion, broadly stable lending and a 0.6% increase in banking system equity. Gross and net nonperforming loan ratios fell to 14.7% and 10.6%, respectively. The central bank also simplified financial statement disclosures and related supervisory reporting.