photo collage: historic photo of a house construction with a billboard refering to the Marshall Fund (left) and a space craft above planet earth (right)
75 years of KfW

75 years of KfW

The 1950s

Back then

The 1950s
High points and turning points at KfW, 1948–2018

The "golden fifties" are years when the foundations for the future are laid in West Germany – including KfW's. By the mid-1950s, 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 decade, the bank takes on new tasks involving export financing, the financing of environmental protection and SMEs – which to this day remain a part of KfW's core business.

Further information

KfW is founded in 1948 to finance the reconstruction of Germany after the Second World War. The funds come from the European Recovery Program, also known as the US Marshall Plan. With the expiration of the Marshall Plan, the ERP Special Fund is restructured into a revolving fund in August 1953 and increased to EUR 12 billion by 2007. Today,

KfW successfully implements its funds in start-up, innovation and equity financing, thus managing Germany’s most important economic promotion instruments. This also includes the Zukunftsfonds (Future Fund), which KfW subsidiary KfW Capital implements on behalf of the German Federal Government.


Climate action

Reaching for the stars

Munich-based rocket building company Isar Aerospace is expected to launch satellites into Earth orbit from 2023.