In spite of the difficult economic environment in the year 2022 which was marked by the war, KfW continued the positive trajectory of previous years in consolidated profit. At EUR 1.37 billion, consolidated profit was roughly at the average level of the last five years and is attributable in particular to a robust operating result and moderate net additions to risk provisions. The 2021 result of EUR 2.22 billion reflected one-off catch-up effects related to the coronavirus pandemic.

For detailed information see our press release on the annual results 2022

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The information contained in this online Annual Report 2022 is based on KfW’s Financial Report 2022, which you can download here. Should this online Annual Report 2022, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2022 takes priority.