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KfW presents itself
Structure and mission of KfW
As of April 2018
KfW presents itself / April 2018 2
A bank with a wide array of functions
We promote
development
Promotion of
developing countries and
emerging economies
International business
We promote Germany
Promotion of housing construction
and refurbishment, improved
accessibility and education
Financing of municipal infrastructure
and global loans
Promotion of SMEs,
business founders,
start-ups
Domestic promotion
We support
internationalisation
International
export and project finance
Promotion of environmental and climate protection
Mittelstandsbank Kommunal- und
Privatkundenbank/Kreditinstitute
KfW IPEX-Bank KfW Development Bank,
DEG
KfW presents itself / April 2018 3
18 November 1948 Law Concerning KfW enters into force
KfW presents itself / April 2018 4
70 years of KfW Financing with a public mission
› Promotional bank of the Federal Republic of
Germany
› Established in 1948 as Kreditanstalt für
Wiederaufbau
› Shareholders: 80% Federal Republic,
20% federal states
› Headquarters: Frankfurt am Main
Branches: Berlin, Bonn and Cologne
› Representative offices: about 80 offices and
representations worldwide
› Balance sheet total 2017: EUR 472.3 billion
› Financing volume 2017: EUR 76.5 billion
› 6,113 employees (2017) 1
› Best long-term rating: Aaa/AAA/AAA
1) The average number of employees including temporary staff but
without members of the Executive Board and trainees
1948 1950 1960 1970 1980 1990 2000 2010 2013 2014 2016
5 KfW presents itself / April 2018
Tiflis
Yerevan
Amman
Kampala
Windhoek
Pretoria
Lusaka
Skopje Ankara
Kyiv Belgrad
Priština Sarajevo
Tirana
Berlin
Frankfurt
Istanbul
London
Brussels
Cologne
Podgorica
Bonn
Cairo
Ramallah-Al-Bireh
Addis Abeba
Kigali
Rabat
Dakar
Accra
Ouagadougou
Yaoundé
Bamako
Cotonou
Kinshasa
Niamey Manila
Baku Beijing
Jakarta
Kabul Islamabad
Ulan Bator
Hanoi Dhaka
Bishkek Tashkent
Dushanbe
Bangkok
Phnom Phen
Kathmandu New Delhi
Mumbai
Moscow
Lima
La Paz Brasilia
Managua
Tegucigalpa
Mexico City
São Paulo
Quito
Bogotá
Guatemala City
New York
Sanaa
Maputo
Daressalam
Lilongwe
Abu Dhabi
Johannesburg
Nairobi
San Salvador
Singapore
Bujumbura
Rangoon
Tunis
Mazar-e-Sharif
Vientiane
Ho Chi Minh City
Chişinău
Lomé
Worldwide presence about 80 representative offices
KfW employees 6,104
Beirut
KfW presents itself / April 2018 6
Proven and successful business model
Customer Financing
partner
Capital
market
Institution owned by
Federal Republic
and federal states
State liability
Backed by Understanding II
reached with EU Commission
Defined by KfW Law
Promotional mandate
KfW presents itself / April 2018 7
Neutrality through on-lending principle in lending business No branch network of our own
Submits loan
application with
regular bank before
start of investment
Financing
partner Customer
If approved, customer‘s
bank forwards application
to KfW
Enters into the loan
agreement and
disburses the loan
Refinances the loan at
favourable refinancing
interest rates
KfW presents itself / April 2018 8
Germany and Europe face challenges from megatrends
Climate change and the environment, globalisation, digitalisation and social change – we face great
challenges today. KfW is one of the world‘s leading promotional banks. It applies its decades of
experience on behalf of the federal government and the federal states to improve the economic,
social and ecological living conditions around the world.
Globalisation
Climate change and
environment
Social change
Digitalisation and
innovation
KfW presents itself / April 2018 9
Domestic promotion: We support Germany Mittelstandsbank
We finance SMEs so that the German economy remains strong.
Target group Commercial enterprises, start-ups, self-employed professionals
Total volume
of promotion
2016
EUR 21.4 billion
Financing
products
Medium and long-term financing for
› Start-ups and business founders
› General corporate finance
› Innovation
› Climate and environmental protection
KfW presents itself / April 2018 10
Domestic promotion: We support Germany Kommunal- und Privatkundenbank/Kreditinstitute (1)
We finance investments in the future by people in Germany.
Target group Private individuals
Total volume
of promotion
2016
EUR 23.1 billion
Financing
products
› Energy-efficient construction and refurbishment
› Reducing barriers in existing residential buildings
› Creating residential property
› Education
KfW presents itself / April 2018 11
Domestic promotion: We support Germany Kommunal- und Privatkundenbank/Kreditinstitute (2)
We finance municipal and social infrastructures in order to advance structural
change.
Target group Local and municipal authorities, municipal enterprises and social institutions
Promotional
business
volume 2016
EUR 4.1 billion
Financing
products
› Municipal and social infrastructure projects
› Municipal energy supply
› Urban energy-efficient rehabilitation
› Improving accessibility in public areas
KfW presents itself / April 2018 12
Domestic promotion: We support Germany Kommunal- und Privatkundenbank/Kreditinstitute (3)
We refinance promotional and commercial banks in Germany and Europe.
Target group Promotional institutions of the federal states/Credit institutions
Promotional
business
volume 2016
EUR 6.5 billion*
Financing
products
› For promotional institutions of the federal states:
› General funding
› Programme-based global loans
› For commercial and European promotional banks:
› Earmarked individual and global loans for the funding of specific long-term
sustainability issues
› Structured products
* not including programme-based global loans
KfW presents itself / April 2018 13
International business: We ensure internationalisation International Export and project finance (KfW IPEX-Bank)
We finance projects of German and European companies so they can compete in
global markets.
Target group Large and medium-sized companies conducting international business (PEAs for
large-scale investments in infrastructure, environmental and climate protection)
Volume of
commitments
2016
EUR 16.1 billion
Financing
priorities
Medium and long-term structured financings for
› Export finance (incl. trade finance) and other financing for specific purposes
of export companies
› Maintenance and expansion of German and European infrastructure
including corresponding means of transport
› Climate and environmental protection projects
› Securing German and European raw material supplies
› Foreign investments of German companies
KfW presents itself / April 2018 14
International business: We promote development KfW Development Bank
We promote economic and social progress in developing and emerging
countries to improve people's lives.
Task
› As the development bank of the German Federal Government, we provide
support and advice for reform processes and investments in developing and
emerging countries
Objectives
› Sustainably improve economic and social conditions
› Poverty reduction
› Climate and environmental protection
› Promote the financial sector
Promotional
business
volume 2016
EUR 7.3 billion
Partners › Governments, other governmental and non-governmental institutions in
developing and emerging countries, and bilateral and multilateral donors
KfW presents itself / April 2018 15
International business: Promote entrepreneurship -
facilitate development DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH
DEG is a reliable partner to private companies investing in developing countries
and emerging economies.
Task › As development financier for the private sector we finance, advise and
support private businesses operating in developing and emerging countries
Objectives
› Expand private sector structures through the financing of investments that
contribute to local value creation in the long term
› Sustainable development that creates qualified jobs and income, improves
living conditions and opens opportunities
Partners › Companies investing in developing countries and emerging economies
Promotional
business
volume 2016
EUR 1.6 billion
16 KfW presents itself / April 2018
Funding KfW is one of the world’s biggest and most active bond issuers on the
international capital markets.
› Funding takes place almost completely on the
international money and capital markets, particularly in
euros and US dollars. Other important currencies are the
British pound, the Australian dollar and the Japanese yen.
› The offer of different currencies, maturities and structures
is targeted in particular at institutional investors.
› KfW bonds are also an important asset class for
sustainable investors, as KfW gets excellent ratings from
independent sustainability rating agencies.
› “Green Bonds – Made by KfW” are designed to offer
investors the possibility to invest in climate protection and
provide impetus for fostering environmental protection
activities.
› Issuing planned for 2017: ~ EUR 75 billion
Triple-A-Rating of KfW bonds
Excellent sustainability rating
Awards
Best
Supranational
and Agency
Deal in Euros
-Most Impressive
Government Agency
Green/SRI Bond Issuer
-Best Green/SRI Issuer
for Transparency of
Pre-Deal Information
-Best Overall Issuer
-Best SSA Issuer
-Best Uridashi Issuer
-Best Overall ECP Issuer
The World‘s
Safest Bank
TOP 4 of 43 German
financial institutions
"Prime " Second
of 396 banks
per 31.12.2016
17 KfW presents itself / April 2018
Executive and advisory bodies Composition
Advisory Council for Promotional
Measures in Eastern Germany
(currently inactive)
Mittelstandsrat
(SME Advisory Council)
Board of Supervisory Directors oversees the conduct of business &
asset administration
Executive Board conducts KfW’s business and
administers its assets
Presidial and
Nomination
Committee
Remuneration
Committee
Audit
Committee
Advisory bodies Executive bodies
Risk and
Credit
Committee
18 KfW presents itself / April 2018
Executive Board
Dr Ingrid Hengster Dr Günther Bräunig
(CEO) Bernd Loewen
Dr Stefan Peiß Prof Dr Joachim Nagel
19 KfW presents itself / April 2018
Board of Supervisory Directors Function and composition
› Constantly supervises the
conduct of business and the
administration of assets
› Approves the annual financial
statements
› Appoints auditors
› Confers powers upon
committees
› Presidial and Nomination
Committee
› Remuneration Committee
› Risk and Credit Committee
› Audit Committee
Chairman and Deputy Chairman
› Federal Minister of Finance and the Federal Minister for Economic
Affairs and Energy in alternation
37 members
› Federal ministers specified in the Law Concerning KfW
(KfW Law)
› Members appointed by the Bundestag and Bundesrat
› Representatives of banks and savings banks
› Representatives of industry, the municipalities, agriculture,
commerce, handicrafts, housing and the trade unions
Tasks Board members
KfW presents itself / April 2018 20
Mittelstandsrat (SME Advisory Council) Function and composition
› Concretises the public mission
of Mittelstandsbank
› Deliberates and decides on
proposals for the promotion of
small and medium-sized
enterprises on the basis of the
overall business planning of
KfW Group
Chairman
› Federal Minister for Economic Affairs and Energy
Deputy Chairman
› Federal Minister of Finance
Further Members
› The commissioner of the Federal Government for the new federal
states (eastern Germany)
› Two representatives appointed by the Bundesrat
› Four other members appointed by the Federal Ministry for
Economic Affairs and Energy
› One member appointed by the Federal Minister of Finance
› One member appointed by the Minister for the Environment,
Nature Conservation, Building and Nuclear Safety
Tasks Council Members
Strategic investments
Capital shares as of 31 March 2018
1 non-profit
2 holding arrangement
3 participation in Airbus SE – former
EADS – around 11% of voting rights
(mandated transaction in accordance
with Article 2 (4) of the KfW Law)
Berliner
Energie-
Agentur
GmbH
(BEA)
(25 %)
Deutsche
Energie-
Agentur
GmbH
(dena)
(26 %)
True Sale
International
GmbH
(TSI)
(7.7 %)
European
Investment
Fund
(EIF)
(2.3 %)
Deutsche
Post
AG2
(20.6 %)
Deutsche
Telekom
AG2
(17.4 %)
KfW
IPEX-Bank
GmbH
(100 %)
AKA
Ausfuhrkredit
GmbH
(0.21 %)
KfW
Beteiligungs-
holding
GmbH
(100 %)
GZBV
Verwaltungs-
GmbH3
(100 %)
GZBV
mbH &
Co. KG3
(84.3 %)
DEG mbH1
(100 %)
FuB
GmbH
(100 %)
tbg GmbH
(100 %)
KfW presents itself / April 2018 21
22 KfW presents itself / April 2018
Headquarters of KfW Group in Frankfurt http://campus.kfw.de
1949 Work begins at Gutleutstrasse 40
1968 Move to Palmengartenstrasse
19872016 Progressive construction of the
campus
1987: North and South Arcades
2002: East Arcade
2010: West Arcade
2011: Senckenberganlage
2012: „Villa 102“
2016: Bockenheimer Landstrasse 104
3,395 employees are currently
working in KfW’s own as well as in
leased premises
KfW’s own buildings are featuring a
high environmental standard and
were awarded several prizes
KfW Group Palmengartenstrasse 5-9
60325 Frankfurt
Germany
KfW presents itself / April 2018 23
Berlin branch
1949 bis 1989 Headquarters of the Central Bank
of the GDR (“Staatsbank”)
1990 “Staatsbank Berlin” founded to
wind up the Central Bank of the
GDR (“Staatsbank der DDR”)
1994 Staatsbank Berlin with all
employees and tasks transferred
to KfW
2001 Branch office opened at
Gendarmenmarkt
KfW Niederlassung Berlin
Charlottenstrasse 33
10117 Berlin
Germany
KfW presents itself / April 2018 24
Bonn branch
1950 Foundation of the
“Vertriebenen Bank AG”
1954 Transformation into a public law
institution named
“Lastenausgleichsbank”
1986 Renamed as
Deutsche Ausgleichsbank (DtA)
2003 Merged with KfW
KfW Niederlassung Bonn
Ludwig-Erhard-Platz 1-3
53179 Bonn
Germany
KfW presents itself / April 2018 25
DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH
1962 Founded as a state-owned company
Since June 2001 100% subsidiary of KfW Group
To date Promoted approx. 3,200 companies
in developing countries
2016 Volume of financing around
EUR 1.6 billion
DEG Kämmergasse 22
50676 Cologne
Germany
26 26
› Independent non-profit foundation under civil law
› Established in October 2012
› Endowment capital: EUR 20 million
› Mission: Give impetus for tackling social challenges
› Climate and environmental protection
› Demographic change
› Globalisation
› In the focus: responsible entrepreneurship, social
commitment, climate and environmental protection,
arts and culture
› Activities of KfW Stiftung: projects encouraging replication
› Future event location of KfW Stiftung: the ancient
"Frankfurt House of Literature"
Villa 102
KfW presents itself / April 2018 26
KfW Stiftung Taking responsibility – promoting diversity
27
KfW Stiftung Fields of activity
Climate and Environment
› Senckenberg Museum of
Natural History
› Frankfurt botanical garden
› Frankfurt Zoo
› Southern African Wildlife
College
› “Viele gestalten Vielfalt“
› KfW Bernhard Grzimek Prize
› Spring School: Conservation
Project Management
› Promoting the protection of
climate and environment
› Raising awareness for
conservation of biodiversity
Responsible
Entrepreneurship
› Social Impact Labs Frankfurt
and Duisburg
› ANKOMMER.Perspektive
Deutschland
› Special Impact Award
› Social Business Women e.V./
Offenbach
› Social Entrepreneurship
Akademie / Munich
› Creating the infrastructure
to resolve societal problems
by means of economic
activity
Social Commitment
› Manege GmbH in the Berlin
Don Bosco Centre
› Support association
Mädchenbüro with refugee
café Milena
› Landessportbund Hessen
› Special Olympics Germany
e.V.
› EVIM / Schlocker-Stiftung /
Hattersheim
› Fostering the enabling of
inclusion and social
participation
Arts and Culture
› Artists in Residence
› Curators in Residence
› Beirut Short Stories“
› TRANScuratorial Academy
Berlin und Mumbai
› “Ruang Suara“ at Holland
Festival - contemporary
music from Indonesia
› Think Tank – transdisciplinary
workshop
› Promoting intercultural dia-
logue with cultural produ-
cers from Africa, Asia, La-
tin America, the Near East
27 KfW presents itself / April 2018
Project samples:
28 KfW presents itself / April 2018
Photo credits/references
Titel slide: full-page image / KfW / Stephan Sperl
Slide 3: KfW, Historical Group Archive / -
Slide 4: KfW, Historical Group Archive / Walter Hoffmann
Slide 8, Picture 1: KfW Photo Archive / Holger Peters
Slide 8, Picture 2: Fotolia.com/Nataliya Hora
Slide 8, Picture 3: KfW Photo Archive / Charlie Fawell
Slide 8, Picture 4: KfW Photo Archive / photothek.net
Slide 18: Dr Bräunig: KfW Photo Archive / Rüdiger Nehmzow
Dr Hengster: KfW Photo Archive / Rüdiger Nehmzow
Mr Loewen: KfW Photo Archive / Rüdiger Nehmzow
Prof Dr Nagel: KfW Photo Archive / Heinrich Völkel, OSTKREUZ
Dr Peiss: KfW Photo Archive / Rüdiger Nehmzow
Slide 22: http://campus.kfw.de
Slide 23: KfW Photo Archive / Angelika Kohlmeier
Slide 24: KfW Photo Archive / -
Slide 25: DEG / Andreas Huppertz
Slide 26: Jens Steingässer
Slide 27, Picture 1: KfW Stiftung / Felicitas Nadwornicek
Slide 27, Picture 2: KfW Stiftung / Frank Blümler
Slide 27, Picture 3: KfW Stiftung / Stephan Daub
Slide 27, Picture 4: KfW Stiftung / Katrin Schilling
Final slide: full-page image/ KfW/ Stephan Sperl
Thank you for your attention.