Official Credit Institute Explained

Instituto de Crédito Oficial
Type:	Public financial institution
Founded Date:	1971
Location:	Paseo del Prado 4, Madrid, Spain
Leader Title:	President
Leader Name:	José Carlos García de Quevedo

The Official Credit Institute (es|Instituto de Crédito Oficial|links=no; ICO) is a Spanish lending institution. Its functions include funding investment projects and the assistance for the liquidity needs of Spanish companies. It also operates as State Financial Agency.

A successor to the Instituto de Crédito a Medio y Largo Plazo, the ICO was created in 1971 following the as public law entity (entidad de derecho público). Previously under the jurisdiction of the Ministry of Economy and Finance, it became a State company in 1989.

The bank is currently attached to the Ministry of Economic Affairs and Digital Transformation through the .

Presidents

The presidents of the ICO are listed as follows:^{[1] [2] [3] [4]}

• Rafael Bermejo Blanco (1978–1982)
• (1982)
• Julián García Vargas (1982–1985)
• (1986–1995)
• Fernando Becker Zuazua (1996–1998)
• José Gasset Loring (1999–2000)
• Ramón Aguirre Rodríguez (2000–2003)
• (2004–2009)
• José María Ayala Vargas (2009–2011)
• Román Escolano Olivares (2012–2014)
• (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

Bibliography

• Jesús. Martín. La Razón. Análisis: Qué funciones tiene el ICO. 18 January 2012.
• Book: Institutions of Modern Spain: A Political and Economic Guide. Michael T.. Newton. Peter J.. Donaghy. 1997. Cambridge University Press. 0-521-57348-3.
• Revista de Administración Pública. 146. 1998. La evolución de la actividad pública en el sector financiero: las transformaciones de la entidad de crédito 'Corporación Bancaria de España, Sociedad Anónima'. Julio. Ponce Solé. Madrid. CEPC. 0034-7639.
• Book: Pohl, M.. Banco de Credito Local (BCL). Handbook on the History of European Banks. Manfred. Pohl. European Association for Banking History. Frankfurt am Main. 1-85278-919-0. 1994. https://books.google.com/books?id=eXvfNDHpfWwC&pg=PA899. 10.4337/9781781954218.

Notes and References

1. Web site: La Fundación ICO reúne a todos los presidentes de la historia del ICO. ICO. 6 March 2015.
2. News: Irene Garrido, secretaria de Estado de Economía y Emma Navarro, del Tesoro. El País. 10 November 2016. Antonio. Maqueda.
3. Web site: Deloitte ficha al expresidente del ICO Pablo Zalba. 23 January 2019. R. Arroyo. D. Badía. Expansión.
4. Web site: El Gobierno nombra a José Carlos García de Quevedo nuevo presidente del ICO. Europa Press. 22 June 2018.