Cofides

Cofides operates as a Spanish state-owned financial institution dedicated to multiple strategic economic objectives. While the Spanish government maintains majority ownership, the company's shareholder structure also includes prominent financial institutions such as Banco Santander, BBVA, Banco Sabadell, and the Development Bank of Latin America (CAF). This diverse ownership structure combines public sector stability with private sector financial expertise, positioning Cofides as a unique hybrid investment entity in the Spanish financial landscape.

The organization manages a sophisticated portfolio of financial resources, including its proprietary capital, Spanish state funds, and third-party institutional investments. These combined resources enable Cofides to fulfill its multi-faceted mission of supporting Spanish businesses in their international expansion efforts while simultaneously attracting strategic foreign investment into Spain. This dual approach allows the institution to strengthen Spain's economic position globally while ensuring domestic economic development.

With a strong focus on sustainable development, Cofides has emerged as a significant promoter of the impact economy within Spain. The institution evaluates potential investments not only for their financial returns but also for their social, environmental, and governance impacts. This commitment to responsible investment has positioned Cofides as a pioneer in impact investing within the Spanish public financial sector, supporting projects that deliver measurable positive outcomes alongside financial returns.

Beyond its domestic focus, Cofides maintains a substantial international presence, particularly in developing economies. The institution leverages its expertise to contribute to sustainable economic growth in countries where Spanish companies invest, creating a virtuous cycle of development. Cofides typically provides medium to long-term financing through equity investments, quasi-equity instruments, and loans, with investment sizes ranging from smaller growth capital to significant infrastructure projects worth millions of euros. This flexible approach allows the institution to support various stages of business development while advancing Spain's economic diplomacy objectives worldwide.