Official Credit Institute

Summary

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]

Instituto de Crédito Oficial
Founded1971
TypePublic 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 [es] 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 [es].

Presidents edit

The presidents of the ICO are listed as follows:[5][6][7][8]

References edit

Citations
  1. ^ a b Martín 2012.
  2. ^ Pohl 1994, p. 899.
  3. ^ Ponce Solé 1998, pp. 391–392.
  4. ^ Newton & Donaghy 1997, p. 267.
  5. ^ "La Fundación ICO reúne a todos los presidentes de la historia del ICO". ICO. 6 March 2015.
  6. ^ Maqueda, Antonio (10 November 2016). "Irene Garrido, secretaria de Estado de Economía y Emma Navarro, del Tesoro". El País.
  7. ^ Arroyo, R; Badía, D (23 January 2019). "Deloitte ficha al expresidente del ICO Pablo Zalba". Expansión.
  8. ^ "El Gobierno nombra a José Carlos García de Quevedo nuevo presidente del ICO". Europa Press. 22 June 2018.
Bibliography
  • Martín, Jesús (18 January 2012). "Análisis: Qué funciones tiene el ICO". La Razón.
  • Newton, Michael T.; Donaghy, Peter J. (1997). Institutions of Modern Spain: A Political and Economic Guide. Cambridge University Press. ISBN 0-521-57348-3.
  • Ponce Solé, Julio (1998). "La evolución de la actividad pública en el sector financiero: las transformaciones de la entidad de crédito 'Corporación Bancaria de España, Sociedad Anónima'". Revista de Administración Pública (146). Madrid: CEPC. ISSN 0034-7639.
  • Pohl, M. (1994). "Banco de Credito Local (BCL)". In Pohl, Manfred (ed.). Handbook on the History of European Banks. Frankfurt am Main: European Association for Banking History. doi:10.4337/9781781954218. ISBN 1-85278-919-0.