KfW

KfW
FormerlyKreditanstalt für Wiederaufbau
Company typePublic law legal entity (Statutory corporation)
IndustryFinancial services
FoundedNovember 1948
HeadquartersKfW Westarkade, ,
Key people
Stefan Wintels (CEO) Christian Lindner (Chair of Supervisory Board)
ProductsHousing finance, small and medium enterprise finance, export finance, import finance, foreign investment finance, development aid
Increase €1.669 billion (2022)[1]
Increase €1.183 billion (2022)[1]
Total assetsIncrease €555 billion (2022)[1]
Total equityIncrease €36.6 billion (2022)[1]
OwnerFederal Republic of Germany (80%)
States of Germany (20%)
Number of employees
7,984 [1] (2022)
Websitewww.kfw.de
Former Berliner Handels-Gesellschaft headquarters annex on Charlottenstrasse 33 (1911), now Berlin office of KfW

The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment and development bank, based in Frankfurt. As of 2014, it is the world's largest national development bank[2] and as of 2018 Germany's third largest bank by balance sheet. Its name originally comes from Kreditanstalt für Wiederaufbau ("Credit Institute for Reconstruction"). It was formed in 1948 after World War II as part of the Marshall Plan.

According to the OECD, Germany’s total official development assistance (ODA) (USD 35 billion, preliminary data) increased in 2022 due to an increase in in-donor refugee costs and increased contributions to international organisations. It represented 0.83% of gross national income (GNI).[3]

  1. ^ a b c d e "Annual Report 2022". Retrieved 18 April 2023.
  2. ^ "Die 100 größten deutschen Kreditinstitute — bankenverband.de". 2014-10-30. Archived from the original on 2014-10-30. Retrieved 2021-02-09.
  3. ^ "OECD Development Co-operation Profiles". Retrieved 15 September 2023.