![Collage of a portrait by Stefan Wintels with a photograph by Hermann Josef Abs from the Historical KfW Archives](../kfw/bilder/jubilaeum/0_kfw_abs_wintels_rs_stage_small.jpg)
75 years of KfW
Impressions of KfW's history
On 18 November 1948 the Law Concerning KfW entered into force - the birth hour of KfW. KfW Group has always acted like a mirror, reflecting German and international events. Our photo gallery will guide you through the high points and turning points between 1948 and 2023.
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-gesetz_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-1949-hermann-josef-abs_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-plakat_rs_gallery_image_grid.jpg)
![KfW anniversary timeline number 50](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-50_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-1953_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-ausland-1958_rs_gallery_image_grid.jpg)
![null](../kfw/bilder/gesellschaft/bildung/panafrikanische-universitaet/pau-pan-african-university-abschluss_rs_gallery_image_grid.jpg)
![Palmgartenstrasse](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-hauptsitz-palmgartenstrasse_rs_gallery_image_grid.jpg)
![KfW anniversary timeline](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-big-m_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-bosporusbruecke-1973_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-helmut-schmidt-1974_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-airbus-1975_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-oelkrise-1981_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-umwelt-1981_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-grafik-aaa-1986_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-mauerfall-1989_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-drewitz-1990_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-neues-gebaeude-gendarmenmarkt_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-polio-1996_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-flut-1997_rs_gallery_image_grid.jpg)
![The DEG Headquarter in Cologne](../kfw/bilder/geschichte-kfw/geschichte/deg-hauptgeb%C3%A4ude_rs_gallery_image_grid.jpg)
![Office building of KfW's Bonn branch](../kfw/bilder/jubilaeum/geschichte/bonn_kfw_4670_rs_gallery_image_grid.jpg)
![Students in a lecture hall](../kfw/bilder/gesellschaft/bildung/interview-kfw-studienkredit/kfw-studienkredit-studenten_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-krise-2007_rs_gallery_image_grid.jpg)
![West arcade KfW](../kfw/bilder/jubilaeum/west-arkade-kfw_rs_gallery_image_grid.jpg)
![Konjunktur Tour 2010](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-bus-2010_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-offshore-windpark-2011_rs_gallery_image_grid.jpg)
![iSimangaliso Wetland Park](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-kfw-stiftung-2013_rs_gallery_image_grid.jpg)
![Wind generator](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-green-bonds-2014_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-juncker-2014_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-gefluechtete-2014_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-2016_rs_gallery_image_grid.jpg)
![Contact plant at Aurubis in Hamburg, in which the extracted heat is generated](../kfw/bilder/umwelt/energieeffizienz/aurubis-energieeffizienter-stadtteil-hamburg/aurubis-kontaktanlage_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-2018_rs_gallery_image_grid.jpg)
![SDG](../kfw/bilder/gesellschaft/zusammenhalt/sdg/sdg_rs_gallery_image_grid.jpg)
![Chart of KfW corona aids at the skyscraper](../kfw/bilder/wirtschaft/unternehmen/chart-corona_rs_gallery_image_grid.jpg)
![Robot and man](../kfw/bilder/dossier/zukunftsfonds-zukunftstechnologie-roboter-kampagne_rs_gallery_image_grid.jpg)
![Change at KfW CEO from Dr Günther Bräunig to Stefan Wintels in the presence of Federal Minister of Finance Olaf Scholz](../kfw/bilder/jubilaeum/geschichte/21_09_30_staffel%C3%BCbergabe_jonaswresch_0008_rs_gallery_image_grid.jpg)
![null](../kfw/bilder/umwelt/energieeffizienz/energiesicherheit/neptune-(2)_rs_gallery_image_grid.jpg)
![photo collage: river in the rainforest (left) and children learning with computers (rights)](../kfw/bilder/75-jahre/00_kfw_75jahre_header_web_v5_1_rs_gallery_image_grid.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-gesetz_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-1949-hermann-josef-abs_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-plakat_rs_gallery_image_overlay.jpg)
![KfW anniversary timeline number 50](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-50_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-1953_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-ausland-1958_rs_gallery_image_overlay.jpg)
![null](../kfw/bilder/gesellschaft/bildung/panafrikanische-universitaet/pau-pan-african-university-abschluss_rs_gallery_image_overlay.jpg)
![Palmgartenstrasse](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-hauptsitz-palmgartenstrasse_rs_gallery_image_overlay.jpg)
![KfW anniversary timeline](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-big-m_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-bosporusbruecke-1973_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-helmut-schmidt-1974_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-airbus-1975_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-oelkrise-1981_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-umwelt-1981_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-grafik-aaa-1986_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-mauerfall-1989_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-drewitz-1990_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-neues-gebaeude-gendarmenmarkt_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-polio-1996_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-flut-1997_rs_gallery_image_overlay.jpg)
![The DEG Headquarter in Cologne](../kfw/bilder/geschichte-kfw/geschichte/deg-hauptgeb%C3%A4ude_rs_gallery_image_overlay.jpg)
![Office building of KfW's Bonn branch](../kfw/bilder/jubilaeum/geschichte/bonn_kfw_4670_rs_gallery_image_overlay.jpg)
![Students in a lecture hall](../kfw/bilder/gesellschaft/bildung/interview-kfw-studienkredit/kfw-studienkredit-studenten_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-krise-2007_rs_gallery_image_overlay.jpg)
![West arcade KfW](../kfw/bilder/jubilaeum/west-arkade-kfw_rs_gallery_image_overlay.jpg)
![Konjunktur Tour 2010](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-bus-2010_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-offshore-windpark-2011_rs_gallery_image_overlay.jpg)
![iSimangaliso Wetland Park](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-kfw-stiftung-2013_rs_gallery_image_overlay.jpg)
![Wind generator](../kfw/bilder/jubilaeum/geschichte/kfw-jubilaeum-zeitstrahl-green-bonds-2014_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-juncker-2014_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-gefluechtete-2014_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-2016_rs_gallery_image_overlay.jpg)
![Contact plant at Aurubis in Hamburg, in which the extracted heat is generated](../kfw/bilder/umwelt/energieeffizienz/aurubis-energieeffizienter-stadtteil-hamburg/aurubis-kontaktanlage_rs_gallery_image_overlay.jpg)
![High points and turning points at KfW, 1948–2018](../kfw/bilder/gesellschaft/zusammenhalt/kfw-jubilaeum-geschichte/kfw-jubilaeum-zeitstrahl-2018_rs_gallery_image_overlay.jpg)
![SDG](../kfw/bilder/gesellschaft/zusammenhalt/sdg/sdg_rs_gallery_image_overlay.jpg)
![Chart of KfW corona aids at the skyscraper](../kfw/bilder/wirtschaft/unternehmen/chart-corona_rs_gallery_image_overlay.jpg)
![Robot and man](../kfw/bilder/dossier/zukunftsfonds-zukunftstechnologie-roboter-kampagne_rs_gallery_image_overlay.jpg)
![Change at KfW CEO from Dr Günther Bräunig to Stefan Wintels in the presence of Federal Minister of Finance Olaf Scholz](../kfw/bilder/jubilaeum/geschichte/21_09_30_staffel%C3%BCbergabe_jonaswresch_0008_rs_gallery_image_overlay.jpg)
![null](../kfw/bilder/umwelt/energieeffizienz/energiesicherheit/neptune-(2)_rs_gallery_image_overlay.jpg)
![photo collage: river in the rainforest (left) and children learning with computers (rights)](../kfw/bilder/75-jahre/00_kfw_75jahre_header_web_v5_1_rs_gallery_image_overlay.jpg)
18 November 1948
The Law Concerning KfW enacted on 5 November enters into force 13 days later. Its main objective: to restore the German economy to a position of strength.
(40 Pictures)
Further information about the history of KfW
Published on KfW Stories: 30 January 2023.
Image-Reference
On our website, pictures taken, among others, by the following photographers/photo agencies are used:
Agentur photothek.net, Deutsche Messe Hannover, Andreas Arnold, Jörg Böthling, Dominik Butzmann, Carsten Costard, Susanne Esche, Charlie Fawell, Rendel Freude, Torsten George, Gaby Gerster, David Greedy, Peter Himsel, Barbara Högner, Frank Homann, Fred Hoogervorst, Steffen Jagenburg (BRANSCH EUROPE), Thomas Klewar, Studio Kohlmeier , Florian Kopp, Georg Lopata, Jürgen Lösel, Kirsten Milhahn, Rüdiger Nehmzow, Rolf Obertreis, Rubén Arnaldo Farina Ortiz, Holger Peters, Joachim Röttgers, Mika Schmidt, Bernhard Schurian, Jens Steingässer, Pietro Sutera, Uwe Tölle, Jan Zappner.
Fotolia.com: amandare, Yuri Arcurs, Kitch Bain, Ingo Bartussek, Sergio Donà, drizzd, Dmitry Ersler, eyewave, Zoltán Futó, Eric Gevaert, Fotolia XXV, Friedberg, goodluz, Dirk Hoffmann, imageteam, Christian Jung, Abdelhamid Kalai, Sergej Khakimullin, Vladimir Kolobov, krizz7, Kzenon, lumen-digital, marog-pixcells, Mindwalker, Miredi, mirpic, Nebuto, Tino Neitz, Christian Pedant, Franz Pfluegl, prognone, Gina Sanders, Henry Schmitt, spree berlin, SVLuma, Kheng Guan Toh, tom, Torbz, typomaniac, VRD, Joachim Wendler, Sreedhar Yedlapati.
-
Recommend
Data protection principles
If you click on one of the following icons, your data will be sent to the corresponding social network.
Privacy information - Contact
Data protection principles
If you click on one of the following icons, your data will be sent to the corresponding social network.
Privacy information