The Official Credit Institute (Spanish; Instituto de Crédito Oficial: ICO) is a Spanish lending institution. Its functions include funding investment projects and the assistance for the liquidity needs of Spanish companies.[1] It also operates as State Financial Agency.[1]
Founded | 1971 |
---|---|
Type | Public financial institution |
Location | |
President | José Carlos García de Quevedo |
A successor to the Instituto de Crédito a Medio y Largo Plazo,[2] the ICO was created in 1971 following the Matesa Scandal as public law entity (entidad de derecho público).[3] Previously under the jurisdiction of the Ministry of Economy and Finance, it became a State company in 1989.[4]
The bank is currently attached to the Ministry of Economic Affairs and Digital Transformation through the State Secretariat for the Economy and Business Support .
The presidents of the ICO are listed as follows:[5][6][7][8]