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Promotional business via the capital markets

EUR 1.5 billion was contributed to KfW’s promotional business via capital market products in 2017 - for climate and environmental protection and for commercial enterprises.

Support for climate and environmental protection

KfW invests in green bonds on the capital market on behalf of the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), thereby financing measures to promote climate and environmental protection. It sets minimum requirements for the green securities to be purchased, maintains intensive dialogue with market participants and collaborates on market initiatives to improve transparency and quality on the green bond market. This allows KfW to make a contribution to the further development of a market segment that is still relatively new, but growing fast.

Support for commercial enterprises

KfW promotes financing of commercial enterprises via the capital market. In this capital market-based financing, KfW invests primarily in high-quality securi­tisations of receivables from SMEs.

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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.