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Spain
J.P. Morgan in Spain
Local expertise. Global resources. Our commitment to Spain.
Our presence in Spain dates back to 1949, when we made our first loan to the country. From our headquarters in Madrid, we offer our clients, including large and mid-cap corporates, financial institutions and governments, access to debt and equity capital markets, M&A and advisory, payments and asset & wealth management solutions.
J.P. Morgan has operated in Europe for nearly 200 years and has a sophisticated local market presence across Europe, the Middle East and Africa (EMEA). Within the Europe, Middle East, and Africa (EMEA) region, J.P. Morgan has an unparalleled client base and leadership across the spectrum of financial services products. The regional head office in London is complemented by a strong regional footprint, with offices in all major financial centers.
Globally, through the JPMorgan Chase Foundation, we make philanthropic investments in cities where we have major operations, assisting those at a disadvantage by helping them build better lives for themselves, their families and their communities. Across EMEA, the firm focuses its investment and attention on three pillars: Economic Development, Financial Empowerment and Workforce Readiness.
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in 2020, JPMorgan Chase will deploy $2 billion in philanthropic capital around the world by 2025. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.
Our Local History
With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability. Below you will find major milestones from the firm’s history in Spain. The institutions listed in the timeline are several examples of the over 1,200 predecessors that make up today’s JPMorgan Chase.
1869: J.S. Morgan & Co., the London-based firm established by J. Pierpont Morgan’s father Junius, issues an £8 million loan to the Spanish government, the firm’s first government loan to a European nation. While not a predecessor bank, J.S. Morgan & Co. later works in tandem with J.P. Morgan & Co.
1928: J.P. Morgan & Co. leads a group of banks to extend a credit estimated at US$25 million to the Bank of Spain to stabilize Spanish currency.
1949: Chase National Bank makes its first loan to Spain, a US$25 million credit secured by gold.
1962: Chase Manhattan Bank opens a representative office in Madrid.
1963: Manufacturers Hanover Trust Company opens a representative office in Madrid.
1966: Morgan Guaranty Trust Company opens a representative office in Madrid.
1976: Manufacturers Hanover manages a US$1 billion loan agreement for the Kingdom of Spain.
1979-1981: Chase, Morgan Guaranty, Manufacturers Hanover, Chemical Bank, and The First National Bank of Chicago open branches in Madrid.
1981-1982: Manufacturers Hanover and Chemical Bank open branches in Barcelona.
1987: Morgan Guaranty leads the country’s first two matador bond issues.
1994: Chemical Bank acts as arranger and agent for the Kingdom of Spain’s ECU (European Currency Unit) 6 billion (US$7.2 billion) revolving credit, the largest sovereign credit to hit the loan market that year.
2015: The firm launches the New Skills at Work initiative in Spain, which is a three-year, US$30 million program focused on addressing unemployment.
2016: J.P. Morgan is the sole advisor to Endesa, one of Spain’s largest utility companies, on its €1.2 billion acquisition of the 60% stake it did not already own in Enel Green Power España.
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