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, to support stable economic growth. Through its analysis, it 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 branches located throughout Spain.
The Banco de España is subject to the Law on Transparency in relation to those of its activities that are subject to administrative law. It is required to publish certain information on these activities on its Transparency Portal and to answer requests for information from the general public. Transparency is a mechanism to enable people to know how the decisions that affect them are made.
The Banco de España’s Strategic Plan 2024 calls for the creation of an evaluation programe 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 international cooperation activity of the Banco de España is considered a valuable instrument for achieving its goals in terms of monetary and financial stability. It is developed through the creation of stable partnerships with financial institutions which share these same objectives and is materialized through the exchange of experiences and knowledge and in the dissemination of central banking best practices. These activities are carried out through the coordinated action of experts from all areas of the Banco de España, who cooperate in the 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.