KfW promotes sustainable prospects for people, companies, the environment and society. In doing so, we focus on topics which are of particular relevance for the future – in line with the UN’s Sustainable Development Goals (SDGs).
2022 marks a historic turning point. Russia's attack on Ukraine has shaken the foundations of international politics and caused great suffering. It has resulted in people having to flee their homes and Europe having to completely rethink its energy supply.
In the first three quarters of 2023, KfW Group’s consolidated profit amounted to EUR 1.2 billion (for comparison: 09/2022: EUR 993 million), which is above the average for the past five years (around EUR 1.1 billion).
The promotional business volume amounted to EUR 80.8 billion and was thus – after the exceptional year of 2022 – slightly above the level of the years before the outbreak of the war in Ukraine (09/2021: EUR 73.1 billion, 09/2022: EUR 127.9 billion).
With a total capital ratio and a (common equity) tier 1 capital ratio of 28.5% (30 June 2023: 27.5%), the regulatory equity ratios and thus the risk-bearing capacity have been further strengthened.
The volume of business for municipal and social infrastructure was significantly higher than in the previous year, with new commitments of over EUR 14.3 billion (09/2022: EUR 5.2 billion). The increase resulted in particular from disbursements of EUR 10.8 billion from the Federal Government’s emergency aid / price brake for gas and heat.
In the Climate action campaign for SMEs programme, the new commitment volume at the end of the third quarter is EUR 1.4 billion, significantly exceeding the prior-year figure (09/2022: EUR 0.6 billion).
New business in export and project finance almost doubled and amounted to EUR 20.7 billion (09/2022: EUR 11.7 billion). All business sectors contributed to new business. Particularly noteworthy are both the “Industry and Services” sector with EUR 4.7 billion (09/2022: EUR 2.3 billion) and the “Power and Environment” sector with EUR 4.1 billion (09/2022: EUR 1.9 billion).
In this decade of decision, it is our task as KfW Group to accelerate the sustainable transformation and to strengthen Germany as an industrial and technology location. As a digital transformation and promotional bank, our action is focused on the areas of climate & environment, and digitalisation & innovation. In line with the transformation agenda KfWplus, we have already initiated important steps on our way to a top-performing KfW. This decade now needs a spirit of optimism and going ahead, to promote transformation and strengthen resilience and sovereignty - in Germany and around the world.
The information contained in this online Annual Report 2022 is based on KfW’s Financial Report 2022, which you can download 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.