Collage of a portrait by Stefan Wintels with a photograph by Hermann Josef Abs from the Historical KfW Archives
Impact

Impact

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 2021.

Further information about the history of KfW

Published on KfW Stories: 17 September 2018, republished 9 November 2021