Instituto de Crédito Oficial

ICO headquarters
Founded	1971
Type	Public financial institution
Location	Paseo del Prado 4,Madrid,Spain
President	José Carlos García de Quevedo

TheOfficial 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]

A successor to theInstituto de Crédito a Medio y Largo Plazo,^[2] the ICO was created in 1971 following theMatesa 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 theMinistry of Economic Affairs and Digital Transformation through theState Secretariat for the Economy and Business Support [es].

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

• Rafael Bermejo Blanco (1978–1982)
• Miguel Martín Fernández [es] (1982)
• Julián García Vargas (1982–1985)
• Miguel Muñiz de las Cuevas [es] (1986–1995)
• Fernando Becker Zuazua (1996–1998)
• José Gasset Loring (1999–2000)
• Ramón Aguirre Rodríguez (2000–2003)
• Aurelio Martínez Estévez [es] (2004–2009)
• José María Ayala Vargas (2009–2011)
• Román Escolano Olivares (2012–2014)
• Irene Garrido Valenzuela [es] (2014–2015)
• Emma Navarro Aguilera (2015–2016)
• Pablo Zalba Bidegain (2016–2018)
• José Carlos García de Quevedo (since 2018)

• List of national development banks

Citations

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.

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