As a promotional bank, KfW Bankengruppe supports change and encourages forward-looking ideas – in Germany, Europe and throughout the world. Established in 1948 as a public law institution, KfW Bankengruppe is today owned 80% by the Federal Republic of Germany and 20% by the federal states (“Länder”). As a bank with no branch network or customer deposits, it refinances its lending business almost exclusively in the international capital markets. In 2010 this was more than EUR 76 billion. KfW has representative offices in more than 70 cities around the world, and more than 4,500 men and women are employed with the bank. Its function is to contribute to the continuous growth of the economy and society.
KfW takes particular responsibility for promoting the protection of the environment and the climate. Around one third of the financing volume goes to this area. KfW is devoted to the guiding principle of sustainability, integrating aspects that are important for the economy, the environment and social cohesion.
Domestic promotional activities:
- Promotion of small and medium-sized enterprises and business start-ups
- Programmes for the housing sector, environmental protection and education finance for retail customers
- Financing programmes for municipalities and regional promotional banks
- Asset securitisation
- Export and project finance
- KfW IPEXBank is in charge of the International Project and Export Finance business area of KfW Bankengruppe. Its primary focus is on supporting the export economy and developing economic and social infrastructure, as well as protecting the environment and climate and securing the supply of raw materials for Germany.
- Promotion of developing and transition countries
- KfW Entwicklungsbank carries out Germany’s Financial Cooperation (FC) on behalf of the Federal Government. Its goal is to combat poverty, secure the peace, protect the environment and the climate and make globalisation fair.
- DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH promotes the development and expansion of private business structures.
Key Figures 2013
||EUR 503 billion
||EUR 2,171 million
|Total promotional business volume:
||EUR 79.3 billion