KfW's European commitment
KfW's expertise in promoting small and medium-sized enterprises is sought after not only in Germany, but across Europe. KfW is involved here in several ways: EU Investment Plan, advisory services in developing national promotional institutions, disbursing global loans on behalf of the German federal government and by cooperating with other promotional banks.
55 years of the Élysée Treaty: cooperation with French promotional banks
On 22 January 1963 German Federal Chancellor Konrad Adenauer and French President Charles de Gaulle signed an agreement on Franco-German cooperation at the Élysée Palace in Paris, which has gone down in history as the Élysée Treaty. Both heads of state thus not only sealed economic cooperation between France and Germany in 1963, but also lasting peace in Europe.
As the largest German promotional bank, KfW works together with French promotional institutions to perform these tasks. Unlike in Germany, the government in France tasks three institutions with economic promotion: Caisse des Dépôts (CDC), Bpifrance and Agence Francaise de Développement (AFD). The good and trusting cooperation that KfW developed with all three promotional institutions has grown over the years. KfW, CDC, Bpifrance, AFD and the Italian promotional bank "Cassa Depositi e Prestiti" maintain a in Brussels.
European investment plan
KfW contributed around 8 billion euros to the European investment plan (the "Juncker plan") between 2015 and 2017. The plan includes bilateral measures such as granting global loans to European promotional banks with a focus on financing the SME sector, intensifying securitisation activities, providing venture capital, project and equity finance as part of investment platforms including the for example.
As of May 2018