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How we make an impact

KfW is one of the world's leading promotional banks. It applies its decades of experience to improve economic, social and environmental living conditions across the globe on behalf of the Federal Republic of Germany and the federal states.

KfW's role as a promotional bank is to focus on issues of particular relevance for the future. Promotion in 2018 therefore focused on innovation and digitalisation in Germany, as well as on the sustainable improvement of living conditions in the partner countries of our Financial Cooperation.

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.