An institution over a century old
The Cassa di Risparmio della Repubblica di San Marino was founded on 1 January 1882, on the experience of the Banco di Mutuo Soccorso started in 1876. From the outset the purpose of the institution has been the development of the territory through investments in education, public works and initiatives of social and cultural welfare.
In 2001 the Cassa was transformed into a joint-stock company. The shareholding is split between the Fondazione San Marino Cassa di Risparmio (51.34%), the Eccellentissima Camera della Repubblica (46.07%) and the Società Unione Mutuo Soccorso, better known as SUMS (2.59%). The headquarters is at Piazzetta del Titano 2, in the City of San Marino, telephone 0549 872366.
«In the small State of the Titano, credit was born together with the mutualist institutions. The Cassa di Risparmio has been, and remains, an engine of territorial development.»
Credit and financial institutions
In addition to the Cassa di Risparmio, the Sammarinese system includes long-tradition institutions, born between the nineteenth and twentieth centuries, and more recent banks specialised in investment activity. The contacts reported below are taken from the official registers of the institutions; the updated list is published by the Central Bank.
| Institution | Year | Headquarters | Site |
|---|---|---|---|
| Cassa di Risparmio della Repubblica di San Marino | 1882 | Piazzetta del Titano 2, San Marino | BCSM register |
| Banca Agricola Commerciale della Repubblica di San Marino | 1920 | Via Tre Settembre 316 | BCSM register |
| Ente Cassa di Faetano (formerly Cassa Rurale dei Depositi e Prestito) | 1920 | Strada della Croce 48, Faetano | BCSM register |
| Banca di San Marino | n.a. | Strada della Croce 39, Faetano | BCSM register |
| Banca Sammarinese di Investimento | 2002 | Via Monaldo da Falciano 3, Rovereta | BCSM register |
Historical overview. The updated list of authorised institutions is published on the website of the Central Bank.
Authority of the financial system
The Central Bank of the Republic of San Marino (BCSM) is the national supervisory authority over banks, financial companies and intermediaries. It exercises prudential regulation functions, maintains the register of authorised operators and periodically publishes aggregated data on the system. Its establishment responds to the need to align the Sammarinese system with international standards.