KfW

KfW

KfW Westarkade, the headquarters of KfW in Frankfurt
Formerly	Kreditanstalt für Wiederaufbau
Company type	Public law legal entity (Statutory corporation)
Industry	Financial services
Founded	November 1948
Headquarters	KfW Westarkade, Frankfurt , Germany
Key people	Stefan Wintels (CEO) Christian Lindner (Chair of Supervisory Board)
Products	Housing finance, small and medium enterprise finance, export finance, import finance, foreign investment finance, development aid
Operating income	€1.669 billion (2022)[1]
Net income	€1.183 billion (2022)[1]
Total assets	€555 billion (2022)[1]
Total equity	€36.6 billion (2022)[1]
Owner	Federal Republic of Germany (80%) States of Germany (20%)
Number of employees	7,984 [1] (2022)
Website	www.kfw.de

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]