KfW Group from the fifties up till now
Click to find out what KfW got up to in each decade.
The 1950s I - Reconstruction and the Marshall Plan
The Deutschmark already exists, the Federal Republic is still some months away. On 18 November 1948 KfW first sees the light of day – a child of the allies. 'Reconstruction' – a word that from now on will remain part of KfW's name – reflects our corporate mission.
The 1950s II - The "golden fifties"
The "golden fifties" are years when the foundations for the future are laid – including KfW's. By the mid-50s, the post-war years of destitution and hunger are now once and for all a thing of the past. In the second half of the 1950s the bank takes on new tasks involving the financing of environmental protection and SMEs – which to this day remain a part of KfW's core business.
The 1960s - Entering the World Stage
The sixties are a time of new beginnings – for Germany and for KfW. Though still young, the Federal Republic of Germany is beginning to flex its economic muscles. The international community therefore expects it to assume increasing responsibility for development aid. In 1961 KfW is legally mandated to perform development cooperation and commercial project financing.
The 1970s - Refocusing on domestic promotion
Two oil crises (1972–1974 and 1978-1980) and a sustained period of high interest rates are causing considerable economic upheaval. The readjustments needed to maintain Germany's international competitiveness demand fresh approaches, including for promotional policy. Energy-saving and innovation are the order of the day. People are clamouring for KfW and its loan programmes.
The 1980s - Developing our key national and international priority areas
The global debt crisis is a heavy blow to development policy. The understanding of development problems is changing, as are the approaches selected to address them. Capital assistance has become Financial Cooperation. Refinancing of KfW also receives a makeover. The growing internationalisation of the capital markets opens up whole new refinancing possibilities for KfW.
The 1990s - German reunification
Aufbau Ost (reconstruction of the East) – the name says it all. The largest promotional programme in Germany's history is a joint effort involving both KfW and Deutsche Ausgleichsbank (DtA), initially as separate institutions. By the mid-90s, year by year some seventy percent of domestic economic support is being channelled into the new federal states.
Since 2010: Responsible banking
Successfully fulfilling the promotional goals of the stakeholders and, in the process, equally meeting the ever changing needs of the customers and sales partners is a challenging task.
KfW's modernisation process focuses on customer orientation and efficient internal organisation..