Banks in San Marino are mainly focused on the following areas:
Central Bank of San Marino
Currently there are 7 credit institutions operating in San Marino.
In 2017 consolidated banking assets in San Marino were 4,797.88 mln EUR. The consolidated banking assets' evolution is shown at Chart 1 below.
Chart 1. Consolidated banking assets in San Marino.
Recent structural changes (2013 - 2018) of the banking sector of San Marino are summarised in Table 1.
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Table 1. Recent structural changes in the banking sector of San Marino.
All the credit institutions operating in San Marino can be classified into several categories. Table 2 summarises the number of banks in each category.
|Category||Number of Banks|
Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in San Marino are summarised in Table 3.
Table 3. Deposit guarantee scheme in San Marino.
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
Foreign currency deposit ceiling for San Marino is Aaa (prime).