Spain · Financial institution
Instituto de Credito Oficial
Legal name in the LEI recordINSTITUTO DE CREDITO OFICIAL, EPE
Instituto de Crédito Oficial (ICO) is a Spanish public business entity (entidad pública empresarial) based in Madrid, with the legal nature of a credit institution. The Spanish State owns all of it, and it is attached to the Ministry of Economy, Trade and Business. It lends to companies directly and through lending lines distributed by partner banks. It also acts as the State Financial Agency, managing official funds and guarantee lines. In May 2026 the Council of Ministers approved a transfer of up to EUR 13.3 billion to ICO to launch the España Crece fund.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Subject to minimum reserves
- Listed as
- Instituto de Crédito Oficial
- RIAD code
- ES1000
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- ICROESMMXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under ICROESMM directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- T2
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1994-03-07
- Last updated
- 2025-10-11
Overview
Researched 29 Sep 2026 · Sources
Ownership
State-owned
100% Kingdom of Spain
Institution type
Development bank
Trades as ICO
- Ownership
- The Spanish State holds 100% of ICO, which is attached to the Ministry of Economy, Trade and Business.
- Direct parent
- Kingdom of Spain, Spain 100%
- Head office
- Paseo del Prado 4, 28014 Madrid, Spain
- Company register
- NIF Q2876002C; Banco de España bank code 1000
- Name in the local language
- Instituto de Crédito Oficial, E.P.E.
- Former name
- Instituto de Crédito a Medio y Largo Plazo
Business lines
ICO lends to the self-employed and SMEs mainly through partner banks and provides direct corporate, project and international financing, with venture capital run through its subsidiary AXIS.
Online
- Websites & references
- ico.es ↗
sedeico.gob.es ↗ electronic office (sede electrónica), linked from the ico.es footer
Wikipedia ↗
Sources · 13 pages consulted
- ico.es/en/
- ico.es/aviso_legal
- ico.es/web/guest/quienes_somos_ico/estructura_y_organizacion/organos_de_direccion
- ico.es/web/ico_en/ico/investor_relations/ico-27s_overview/key_figures
- ico.es/web/ico_en/ico/investor_relations/ico-27s_overview/ico_at_a_glance
- boe.es/buscar/act.php?id=BOE-A-1999-10738
- boe.es/diario_boe/txt.php?id=BOE-A-2025-13997
- noticias.juridicas.com/base_datos/Admin/1008907-r-nstituto-de-credito-oficial-28-jul-2026-convenio-con-fundacion
- planderecuperacion.gob.es/noticias/gobierno-pone-marcha-inyeccion-13300-millones-ico-activar-fondo-espana-crece-prt
- forbes.es/nombramientos/498012/manuel-illueca-relevara-a-jose-carlos-garcia-de-quevedo-al-frente-de
- eldiario.es/economia/fondo-soberano-agita-plantilla-ico-seguimos-atrapados-rueda-hamster-austeridad-p
- en.wikipedia.org/wiki/Official_Credit_Institute
- es.wikipedia.org/wiki/Instituto_de_Cr%C3%A9dito_Oficial
Leadership
Researched 29 Sep 2026 · Sources
- Chair & chief executive
- Manuel Illueca Muñoz Presidente (President of ICO and of its Consejo General)
- Executive
- María Cristina de Arteaga Larrú Directora General de Administración y Sistemas de Información
- Executive
- Antonio Cordero Director General de Mercados Financieros y Mediación
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Spain
- Banco de España Prudential supervisorCentral bank
- Spain
- Ministry of Economy, Trade and Business (Secretary of State for Economy) Other
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The Council of Ministers approved transferring up to EUR 13.3 billion of Recovery Plan funds to ICO to launch the España Crece fund.
planderecuperacion.gob.es ↗ -
Leadership
The Council of Ministers appointed Manuel Illueca as president by Royal Decree 860/2024, replacing José Carlos García de Quevedo.
forbes.es ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- ICROESMMXXX
- How the BIC breaks down
- ICROBank
- ESCountry · Spain
- MMLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- PJQDPSI1D8J2Q1IM3G17
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- Código de entidad (NRBE) 1000
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Spain · Europe & Central Asia
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- PASEO DEL PRADO 4 MADRID 28014 SPAIN
- Operational address
- PASEO DEL PRADO 4 MADRID 28014 MADRID SPAIN
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>ICROESMMXXX</BICFI>
<LEI>PJQDPSI1D8J2Q1IM3G17</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>ICROESMMXXX</BICFI>
<LEI>PJQDPSI1D8J2Q1IM3G17</LEI>
<Nm>INSTITUTO DE CREDITO OFICIAL</Nm>
<PstlAdr>
<TwnNm>MADRID</TwnNm>
<Ctry>ES</Ctry>
<AdrLine>PASEO DEL PRADO 4 MADRID 28014</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| T2 (Eurosystem real-time gross settlement)ISO 20022 messages | — | Head office | — |
The T2 list names direct participants only and gives no joining date.
An institution missing from T2 may still be reachable through an indirect participant.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Código de entidad (NRBE) · Spain
1 code file of 2026-10-08
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 1000 | ICROESMMXXX | INSTITUTO DE CREDITO OFICIAL | MADRID |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Central Bank, List of T2 participants.
- National bank codes—Spain (Source: Banco de España).
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: ico.es (official website) · original.
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