## Republic of San Marino: Selected Issues

_IMF Staff Country Reports, May 10, 2016_

## Source details

**Canonical URL:** [Republic of San Marino: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-san-marino-selected-issues-43886)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/republic-of-san-marino-selected-issues-43886/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/republic-of-san-marino-selected-issues-43886/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/republic-of-san-marino-selected-issues-43886/bundle-manifest.json)

## Bibliographic details
- Published: May 10, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484344101.002

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### Summary and purpose
- Offers elements of a possible strategy to deal with San Marino’s nonperforming loans (NPLs).
- Provides a brief overview of the reasons behind the accumulation of impaired assets by Sammarinese banks.
- Presents stylized facts regarding the nature and composition of San Marino’s problem loans.
- Summarizes the experience of other small economies in dealing with weak banks and NPLs to draw policy lessons.
- Discusses recent measures implemented by the Sammarinese authorities to address weak financial institutions and their problem assets.
- Examines the main impediments to dealing with NPLs in San Marino’s legal and tax framework.

### Key substantive themes and findings (as described)
- Asset quality and accumulation of impaired assets among Sammarinese banks.
- Nature and composition of problem loans (stylized facts presented in the paper).
- Comparative experience: lessons from other small economies in dealing with weak banks and NPLs.
- Recent Sammarinese measures to address weak financial institutions and problem assets.
- Legal and tax impediments to NPL resolution in San Marino.

### Subject classifications and keywords
- 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

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## Content in this bundle

- **Republic of San Marino: Selected Issues; IMF Country Report 16/112; April 21, 2016**
  - [Republic of San Marino: Selected Issues; IMF Country Report 16/112; April 21, 2016 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16112.pdf.md){rel="alternate" type="text/markdown"}
  - [Republic of San Marino: Selected Issues; IMF Country Report 16/112; April 21, 2016 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16112.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-san-marino-selected-issues-43886_