Company type | Private corporation (GmbH) |
---|---|
Industry | Development Finance |
Founded | 1962 |
Headquarters | Cologne, Germany |
Key people | Roland Siller[1] (CEO) Monika Beck[2] Philipp Kreutz[3] |
Products | Loans, Equity Financing, Feasibility Studies, Advisory Services, Consulting |
Total assets | Equity Capital €2.5 billion (2017) |
Number of employees | 650 (2021) |
Parent | KfW |
Website | https://www.deginvest.de/ |
Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution (DFI) and a subsidiary of KfW Group. It was founded in Cologne in September 1962 as a federally owned company by the former Federal President Walter Scheel.[4] Since its foundation, DEG has been headquartered in Cologne. In 2008, DEG moved into a modern, energy efficient office building in the city centre. DEG has 20 representative offices across the world, inter alia in Bangkok, Beijing, Istanbul, Jakarta, Johannesburg, Lagos, Lima, Mexico City, Nairobi, New Delhi, São Paulo and Singapore.[5] In 2021, DEG employed a staff of approximately 650, both in Germany and abroad.[6] DEG generated new business totaling EUR 1.5 billion in 2021 and the balance sheet total amounted to EUR 5.328 billion. Since its foundation, DEG has co-financed almost 1,300 companies in more than 120 countries.[7]
With a portfolio of around EUR 9.2 billion in nearly 80 countries DEG is one of the world's largest private-sector development financiers.