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    Annual Report 2018

    Letter of the Executive Board

    KfW on the capital markets and in its banking operations

    Financing and promotional activities of the business sectors

    Facts and figures

    Report of the Board of Supervisory Directors

    Corporate governance report

    Legal notice:
    The information contained in this online Annual Report 2018 is based on KfW’s Financial Report 2018, which you can download here. Should this online Annual Report 2018, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2018 takes priority.