[3] On July 29, 2008, the bank filed a lawsuit in London's High Court against Barclays, seeking damages totaling €170m for the sale of customised securities 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.

The overall loss is approximately equal to 30% of the country's GDP and the IMF estimates that its coverage will bring the government's debt-to-GDP ratio from 22% to around 50%.

[6] As a result of the losses and of the bailout 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.