ICO - Instituto de Crédito Oficial Employee Directory
BankingCommunity of Madrid, Spain201-500 Employees
ICO - Instituto de Crédito Oficial is a state-owned banking entity in Spain that operates as a public sector company and serves as the nation’s development bank. It functions with its own legal personality, assets, and treasury, and operates under the Ministry of Economy, Commerce and Industry through the State Secretariat for Economy and Support to Business, balancing financial stability as defined in its statutes. The institution finances activities in both national and international markets, with obligations backed explicitly and irrevocably by the Spanish state. As part of the ICO Group, it collaborates with affiliated entities such as Axis, a venture capital firm, and the Fundación ICO, and participates in other public-interest financial ventures and partnerships, including stakes in CERSA and COFIDES, as well as the European Investment Fund’s ETCI framework. Recent developments include ICO's investments through its Axis subsidiary in KD, a Spanish microelectronics company, and financing initiatives aimed at hydrogen infrastructure and related mobility projects, reflecting its role in supporting strategic industries. The ICO is based in Madrid, Spain, and serves as a national promoter bank operating within the broader public financial system.
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