San Marino. Ente Cassa di Faetano: the 2021 budget approved and Marco Beccari appointed as president
The members of the Ente Cassa di Faetano met today at the Congress Center of the Palace Hotel in San Marino to approve the balance sheet for the financial year 2021.
From the note ofCassa di Faetano we learn that “in the Report of the Board of Directors, illustrated to the shareholders by president Giuseppe Guidiwas shown on work of the Board of Directors to take office after the ‘No Merger’ events, linked to the proposal of a possible integration between Cassa di Risparmio and Banca di San Marino; after stopping this project, the Board of Directors has spent its forces on development and, above all, on the equity investment in the consolidation Banca di San Marino SpA with an intervention worth over 3 million euros“.
“Great appreciation and satisfaction” for the first Bsm balance sheet in profit after eight years: “This result is achieved by Banca di San Marino and, we would like to add, Ente Cassa di Faetano – said Guidi – with great will and determination, determined to give to the Bank a profitability that will have to be maintained over time. It is a result that makes us proud (…) ”.
Furthermore, “ample space was also dedicated to existing problems in the banking sector and to some requests addressed to the reference institutions: the government, theactivation of the memorandum of understanding with the Bank of Italy, opening the market to the outside world, giving impetus and credibility to the system with concrete actions; to the Central Bank a reduction in the costs of its general organization, to calibrate the rules and activities in relation to the real market, results from relations with Italian and international institutions, as well as the concrete recognition of the support offered to the banking system and the economy of the country promoted by Bsm and Ecf until today; to the San Marino Banking Association promoting synergistic work between banking companies, the government and the Central Bank; to all three the attention on the issue of non-performing loans (NPL), finding solutions to obtain the maximum value without selling them off or diminishing their potential “.
The shareholders’ meeting of the Ente Cassa di Faetano “was also an opportunity to renew the corporate bodies which are composed as follows: Marco Beccari was chosen as president; Sergio Barducci joins the Board of Directorswhich joins the reconfirmed directors Roberta Mularoni, Teodoro Moretti and Primo Toccaceli; appointed sole mayor Roberto Ragini“.