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performed by the government, the previous owners' capital participations have been almost completely wiped out. As a result, today, the government of San Marino holds the vast majority of the shares (86.29%), which is projected to furtherly increase in the next years. The banking foundation, which
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after the 2009 facts. As the loss would have made it impossible for the bank to respect the mandatory capital requirements, the government allowed the bank to distribute the loss in a period of 25 years. The overall loss is approximately equal to 30% of the country's
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In 2016, after a process of asset quality review, the bank recorded a loss of €534 million in its balance sheet, mostly related to its participation in Delta which had been put in special administration by the
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174:. It consists of 16 branches and operates as both a retail and commercial bank for San Marino citizens and as an offshore private bank for non-resident clients. It also owns Kovanica d.d., a bank based in
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https://web.archive.org/web/20070922014324/http://www.carisp.sm/carisp/export/sites/default/it/sezioni/media_kit/press/archivio/download/Comunicato_stampa_rating_fitch.pdf
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that carried a higher risk than the bank claimed to have understood. The bank's suit also stated
Barclays sold it investments that it ultimately didn't need.
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Founded in 1882, it is San Marino's oldest financial institution. With a 2007 net income of €7.2 million, it is San Marino's largest bank.
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and of unauthorized exercise of banking activity in Italy through its subsidiary company Delta.
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In 2009 the bank management was arrested by the
Italian police under allegations of
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358:"Terremoto ai vertici della Cassa di Risparmio di San Marino"
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estimates that its coverage will bring the government's
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On July 29, 2008, the bank filed a lawsuit in London's
303:"Banka Kovanica d.d," BusinessWeek Investing Snapshot
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Republic of San Marino: 2018 Article IV Consultation
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460:Cassa di Risparmio della Repubblica di San Marino
360:[Earthquake for the management of CRSM].
168:Cassa di Risparmio della Repubblica di San Marino
30:Cassa di Risparmio della Repubblica di San Marino
382:. International Monetary Fund. 11 April 2018.
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434:[Share capital participations].
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236:As a result of the losses and of the
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170:is a financial institution based in
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493:1882 establishments in San Marino
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338:"San Marino Bank Sues Barclays"
245:, now has 13.10% of the bank.
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318:"It's San Marino v. Barclays"
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437:Central Bank of San Marino
498:Banks established in 1882
366:(in Italian). 4 May 2009.
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473:(in Italian and English)
233:from 22% to around 50%.
323:The Wall Street Journal
432:"Soggetti autorizzati"
271:on 22 September 2007.
18:Fondazione San Marino
462:at Wikimedia Commons
135:€ 100,634,322 (2017)
123:€ -39,170,000 (2017)
488:Banks of San Marino
141:Number of employees
111:€ 15,454,000 (2017)
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58:Financial services
48:SocietĂ per azioni
458:Media related to
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284:Missing or empty
231:debt-to-GDP ratio
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98:wealth management
16:(Redirected from
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286:|title=
266:the original
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130:Total equity
80:Headquarters
44:Company type
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482:Categories
249:References
203:securities
195:High Court
172:San Marino
145:155 (2017)
118:Net income
84:San Marino
416:ignored (
406:cite book
398:1934-7685
277:cite web
225:and the
199:Barclays
197:against
176:VaraĹľdin
90:Products
75:S.U.M.S.
54:Industry
238:bailout
186:History
180:Croatia
157:.carisp
150:Website
108:Revenue
72:Founder
64:Founded
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269:(PDF)
418:help
394:ISSN
384:ISBN
290:help
67:1882
227:IMF
223:GDP
159:.sm
155:www
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