The Banco de España is a public law entity which performs the functions of a national central bank in Spain. It is also responsible for the supervision of the Spanish banking system and of other financial intermediaries operating in Spain.
The Banco de España performs these functions as a member of the following European institutions: the European System of Central Banks (ESCB), the Eurosystem, the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM).
The Banco de España’s mission is to achieve price stability and financial stability in order to support stable economic growth. The Bank’s analysis also contributes to other economic policy-making.
The Banco de España performs its functions through its governing bodies and its Directorates General.
It has two head offices in Madrid and 15 branch offices across Spain.
Some of the Banco de España’s activities are subject to the Law on Transparency. The Bank must publish certain information about these activities on its Transparency Portal and answer requests for information from the general public. Transparency is a mechanism for informing people about how the decisions that affect them are made.
The Banco de España’s Strategic Plan 2024 calls for the creation of an evaluation programme to foster the Bank’s modernisation, incorporate different criteria to enhance its effectiveness and establish a process of ongoing improvement at the institution.
Interested in learning what it is like to work at a central bank? Want to join our team? In this section you can read about the values that set us apart and the opportunities we offer. You can also find out about our recruitment processes and the specifics of the different announcements.
The Banco de España’s international cooperation activity is a valuable instrument for achieving its monetary and financial stability goals, through which it forges lasting partnerships with financial institutions that share the same objectives. These activities are founded on exchanging experiences and knowledge and disseminating best central banking practices, and are carried out through coordinated action by Banco de España experts engaged in international technical cooperation activities and projects.
As a national central bank, the Banco de España has been a member of the European System of Central Banks (ESCB) and the Eurosystem since 1999, when the Economic and Monetary Union began and the euro was introduced. The Banco de España is also the national competent authority in the area of financial supervision, and has been part of the European Single Supervisory Mechanism (SSM) since it was set up in 2014. Read on to learn about the key concepts of these institutions and how the Bank participates in their operation.