Official Credit Institute

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

ICO headquarters
Founded	1971
Type	Public financial institution
Location	Paseo del Prado 4, Madrid, Spain
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

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)

See also

• List of national development banks

References

Citations

1. 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.