Official Credit Institute

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

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]

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

^ ^a ^b Martín 2012.
^ Pohl 1994, p. 899.
^ Ponce Solé 1998, pp. 391–392.
^ Newton & Donaghy 1997, p. 267.
^ "La Fundación ICO reúne a todos los presidentes de la historia del ICO". ICO. 6 March 2015.
^ Maqueda, Antonio (10 November 2016). "Irene Garrido, secretaria de Estado de Economía y Emma Navarro, del Tesoro". El País.
^ Arroyo, R; Badía, D (23 January 2019). "Deloitte ficha al expresidente del ICO Pablo Zalba". Expansión.
^ "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.

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