KfW Bankengruppe
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Annual Prelude Press Conference 2009
KfW Bankengruppe beats own 2007 record volume of commitments
With an overall commitment volume of EUR 70.6 billion, KfW Bankengruppe again generated a high level of promotional activities in 2008 (previous year: EUR 85.5 billion). It even succeeded in increasing the volume of its financing operations by 3.6% over the previous year to EUR 69 billion (EUR 66.6 billion). The volume of securitisation transactions, in turn, declined markedly from EUR 19 billion to EUR 1.6 billion. This led to a 17.4% decline in the overall financing volume.
KfW to provide some EUR 40 billion in financing for German enterprises under economic stimulus packages over the next few years
Furthermore, in the coming years KfW will also play its role as a promotional bank with vigour in the framework of the German Government's two economic stimulus packages, with a volume of some EUR 50 billion (about EUR 25 billion in 2009). Around EUR 40 billion of this sum will be used to finance German enterprises and some EUR 10 billion will be provided for energy efficiency and infrastructure measures.
2008: 28% of commitments for environmental and climate protection
KfW Bankengruppe made a particularly strong promotional commitment in the area of climate and environmental protection in 2008. It provided around EUR 19.5 billion for environmental investment in Germany and internationally. This represented 28% of the overall financing volume. In this way KfW contributes in a significant manner to implementing the Federal Government's sustainability strategy.
Modernising KfW – reinforcing its marketing and customer orientation
"The year 2009 will be marked by two priorities: first, KfW will be supporting the Government in the implementation of the economic stimulus packages. Second, we have initiated a comprehensive modernisation of KfW. To optimise our promotional activities we are developing a structure that is more strongly directed at the ultimate customer - while keeping to the onlending principle - and we are strengthening our marketing with the aim of attending to our commercial, private and public customers in an even more effective way", said Dr Ulrich Schröder, Chairman of the Managing Board of KfW Bankengruppe at the annual prelude press conference in Frankfurt.
29 January 2009
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