New scenarios are opening up for the future of Banca di San Marino. Ente Cassa di Faetano, which controls 90.52% of the bank’s shares, is reported to have received further expressions of interest from potential buyers, with some negotiations already at an advanced stage.
The news was reported by San Marino RTV, according to which the search for an investor continues following the stalled talks with Héra Partecipazioni One Spa, the Italian company identified last May as the main interlocutor. More than five months on, however, the negotiation is said to have produced no significant results.
In the meantime, a temporary solution involving San Marino’s other three banks is reportedly also being evaluated. The hypothesis under consideration would involve financing designed to strengthen Banca di San Marino’s capital base while the arrival of a new majority shareholder is finalised.
The goal remains to secure and relaunch the institution following a period marked by tensions, including those linked to the so-called “Bulgarian Affair”. According to the broadcaster, signs of recovering confidence among depositors are said to be emerging in the meantime.
A shareholders’ meeting of Ente Cassa di Faetano will soon take stock of the situation. This was announced by chairman Sergio Barducci: “There will soon be a shareholders’ meeting to update them on the ongoing discussions, in the awareness that the assembly represents the sovereign body.”
