Instituto de Crédito Oficial (ICO), constituted in 1971, is a State owned bank attached to the Spanish Ministry of Economic Affairs and Competitiveness through the Secretariat of State for Economy and Business Support.

It has the legal status of a credit institution and is defined as the State’s Financial Agency. It has been entered in the Special Administrative Register of the Bank of Spain. By Royal Decree (706/1999), all ICO’s liabilities have an explicit, irrevocable, unconditional and direct guarantee from the Spanish State.

ICO’s purpose is to support and foster economic activities which contribute to the growth and the improved distribution of national wealth. These aims are pursued by ICO in its twofold function as : State-owned Bank and as State’s Financial Agency.

At a glance :

  • CEO : Pablo Zalba
  • Sherpa : TBC
  • Location : Madrid (Spain)
  • Website :

Who are we ?

Member access

LTIC Members may register for extranet access by sending a request to :