Republic of San Marino: Selected Issues

May 10, 2016

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Republic of San Marino: Selected Issues, (USA: International Monetary Fund, 2016) accessed December 22, 2024

Summary

This paper offers elements of a possible strategy to deal with San Marino’s nonperforming loans (NPLs). It provides a brief overview of the reasons behind the accumulation of impaired assets by Sammarinese banks. This paper also presents some stylized facts regarding the nature and composition of San Marino’s problem loans. Further, it summarizes the experience of other small economies in dealing with weak banks and NPLs, with a view to drawing policy lessons. This paper also discusses recent measures implemented by the Sammarinese authorities to address weak financial institutions and their problem assets and examines the main impediments to deal with NPLs in San Marino’s legal and tax framework.

Subject: Asset and liability management, Banking, Commercial banks, Debt restructuring, Financial institutions, Financial sector policy and analysis, Loans, Nonperforming loans, Solvency

Keywords: Asset quality, Bank secrecy status, Banks default, Commercial banks, CR, Debt enforcement procedure, Debt restructuring, Europe, Insolvency process, ISCR, Loans, Nonperforming loans, Recapitalization plan, Recipient bank, Sammarinese bank, Secrecy regime, Solvency, Transferring bank

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/112
Stock No:

1SMREA2016002
ISBN:

9781484344101
ISSN:

1934-7685

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