The ICO Maturity "Wall" Is Here
24/05/2026
The ICO Maturity "Wall" Is Here
En los medios
Over €12 Billion in Covid-Era Loans Put the ICO and the Banking Sector Under Pressure
According to the Bank of Spain, over €12 billion in loans originally guaranteed by the ICO (Instituto de Crédito Oficial) to address the impact of Covid-19 are now classified as doubtful or subject to special surveillance. This issue becomes pressing in 2026 for thousands of businesses.
Our partner Sergio Gutiérrez, from the Restructuring Department in Madrid, analyses this complex situation in a feature published by the newspaper ABC:
"Many companies are operationally viable, yet they do not generate sufficient cash flow to meet these accumulated maturities all at once."
Against this backdrop, at Lener we are already witnessing a very significant increase in discussions between companies and financial institutions.
The goal is to anticipate solutions ahead of the maturity dates rather than waiting for default to occur.
You can access the full article ▶️ ABC
