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    Annual and Financial Reporting 2023
    Figures, facts and impact in detail

    Reporting until 2023

    Letter from the Executive Board

    Dear readers,

    2023 was historic for KfW in the truest sense of the word, as it marked its 75th anniversary. We used this occasion to take a close look at issues of the future, engaging in dialogue with our employees, business partners, science and politics.

    The decade of decision is also a decade of investment

    2023 was another very strong promotional year. Promotional business volume of EUR 111.3 billion is the third highest since 2020 (2022: EUR 166.9 billion).

    “KfW’s continued high commitment figures reflect the major challenges and capital requirements for the transformation in Germany and worldwide. The decade of decision is also a decade of investment. In order to master the transformation, we need to become faster and more specific. In particular, we must keep an eye on the needs of the people in Germany.”

    Stefan Wintels (CEO)

    Current key figures

    Shaping transformation

    KfW as an enabler in the decade of decision and investment

    With KfWplus, KfW is becoming the digital transformation and promotional bank

    Reporting Portal

    Legal notice:
    The information contained in this online Annual Report 2023 is based on KfW’s Financial Report 2023, which you can download here. Should this online Annual Report 2023, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2023 takes priority.