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 [es] 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 [es]. From Wikipedia
