BANK OF SPAIN

Business Summary

Banco de Espana is a Spain-based central banking institution. The Bank is the national central bank and supervisor of the Spanish banking system. The Bank is part of the European System of Central Banks which consists of the European Central Bank (ECB) and the national central banks of the European Union (EU). It performs the basic functions attributed to the ESCB: defining and implementing the Eurosystem's monetary policy; carrying out foreign exchange transactions and issuing legal tender banknotes, among others. The Bank also has other functions, such as holding and managing currency; supervising solvency; placing coins in circulation; preparing and publishing statistics relating to its functions and assisting the ECB in the compilation of statistical information; providing treasury services and acting as financial agent for government debt and advising the government, and preparing the appropriate reports and studies, among others.

Country of Incorporation

Spain

Incorporation Date

1856-01-28

Business Sector

Banking & Investment Services