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HQ office : Madrid, Spain
ADDRESS : C/ Paseo de la Castellana, 278,
28046 Madrid
WEBSITE : http://www.cofides.es

COFIDESSpain

Compañía Española de Financiación del Desarrollo

COFIDES – the Spanish Development Finance Institution – was founded in 1988 and joined EDFI in 1992. COFIDES is a Limited Liability Company (S.A.), owned by the Spanish government (53%) through different public institutions and the four largest Spanish commercial banking groups (47%). COFIDES is under the aegis of the Ministry of Economy and Competitiveness. The aim for COFIDES is to drive forward profitable business that contributes both to host country development and the internationalisation of Spanish enterprises and the Spanish economy. Ties to Spanish interests are required.

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Region

Sector

Key Figures

Key numbers (end of 2016)

Investments

€101 million

in new annual commitments to 43 projects

€895 million

in total portfolio of 236 projects

€69 million

in investment funds

Other Fund Management

COFIDES manages two Spanish Government trust funds to support Spanish investments abroad, the Fund for SME Foreign Investment Operations (FONPYME) and the Fund for Foreign Investment (FIEX).

Financial Instruments

48%

equity and quasi equity

52%

loans

Investment focus

COFIDES can invest in any developing or emerging country, regardless of its per capita income.

COFIDES can back projects in all productive industries, except real estate and defense sectors and other activities excluded by environmental and social policy.

Staff

78

employees