KfW
 | |
 KfW Westarkade, the headquarters of KfW in Frankfurt | |
| Formerly | Kreditanstalt für Wiederaufbau |
|---|---|
| Type | Public law legal entity (Statutory corporation) |
| Industry | Financial services |
| Founded | November 1948 |
| Headquarters | KfW Westarkade, , Germany |
| Key people | Stefan Wintels (CEO) Lars Klingbeil (Chair of Supervisory Board) |
| Products | Housing finance, small and medium enterprise finance, export finance, import finance, foreign investment finance, development aid |
 €1.903 billion (2025) | |
 €1.002 billion (2025) | |
| Total assets | €540.7 billion (2025) |
| Total equity | €40.6 billion (2025) |
| Owner | Federal Republic of Germany (80%) States of Germany (20%) |
Number of employees | 8,699 (2025) |
| Website | www |
The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment and development bank, based in Frankfurt. As of 2025, it is one of the world's leading development banks, ranking third globally by total assets according to the Sovereign Wealth Fund Institute. It also remains Germany's third largest bank overall. Its name originally comes from Kreditanstalt für Wiederaufbau ("Credit Institute for Reconstruction"). It was formed in 1948 after World War II as part of the Marshall Plan.
In 2024, Germany was the second-largest provider of development co-operation among the Development Assistance Committee (DAC). Germany's total official development assistance (ODA) decreased to USD 32.4 billion (preliminary data), representing 0.67% of gross national income (GNI). Bilateral co-operation, primarily led by the Federal Ministry for Economic Cooperation and Development (BMZ), constitutes the bulk of this assistance, while the Federal Foreign Office oversees humanitarian aid and crisis prevention.