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Business sector Financial markets

KfW Group bundles its long and short-term funding activities and its liquidity, currency, interest rate and asset management for the entire group in the business sector Financial markets. KfW funds its business activities almost fully on the international money and capital markets; and is one of the world's most active and largest bond issuers. In addition, the sector is responsible for holding arrangements in the privatisation of Deutsche Telekom and Deutsche Post.

Basic principles of KfW's funding

Respected issuer on the capital market

KfW's reputation is based on its responsible behaviour and on the Federal Republic of Germany's explicit and direct guarantee (Article 1a of the „Law Concerning KfW": Federal Republic of Germany’s liability), which is reflected in high credit quality and forms the basis of an excellent financial rating. Excellent sustainability ratings result from KfW's positioning as one of the leading sustainable promotional banks and highlight the credibility of its “Responsible Banking” motto.

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Legal notice:
The information contained in this online Annual Report 2017 is based on KfW’s Financial Report 2017, which you can download here. Should this online Annual Report 2017, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2017 takes priority.

Blick auf die Dachterasse des Haupthauses der KfW-Niederlassung in Frankfurt im Juli 2014
KfW at a Glance

KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions across the globe on behalf of the Federal Republic of Germany and the federal states.