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What is Instituto de Crédito Oficial mean?
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. 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 Matesa Scandal 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 State Secretariat for the Economy and Business Support.
referencePosted on 08 Jan 2025, this text provides information on Miscellaneous in International related to International. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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