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KfW

Company nameKfW Bankengruppe
Company typeFederal Agency
IndustryFinancial services
Founded1948
HeadquartersFrankfurt, Germany
ProductsHousing finance, small and medium enterprise finance, export finance, import finance, foreign investment finance, development aid
Revenue-70.6 billion (2008)
Employees4,228 (2008)

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KfW banking group is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau, meaning Reconstruction Credit Institute. It was formed in 1948 after World War II as part of the Marshall Plan.

It is owned by the Federal Republic of Germany (80%) and the States of Germany (20%). It is led by a five-member Managing Board headed by Ulrich Schröder, which in turn reports to 37-member Supervisory Board chaired by Rainer Brüderle, Federal Minister of Economy and Technology, since October 2009.


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