Invest in the Future. Transform it now.
Highlights of KfW's lending business
KfW Financings (in EUR bn)
2022
2.1
136.1
18.1
12.6 0,4 166.9
2021
82.9
13.6 10.1 0,4
107.0
9M/2023
58.8
20.7
0.5
80.8
9M/2022
87.0
6.0
0,4
127.9
1.5
■Domestic Promotional Business
■ Export & Project Financing
■Financing Developing and Emerging Economies
■Financial Markets
KFW Invest in the Future. Transform it now. / November 2023
Highlights 9M 2023
> New lending reached EUR 80.8bn (-37% yoy), slightly above the level
before the outbreak of the war against Ukraine.
› Significant decline in domestic business to EUR 57.9bn (-49% yoy) and a
strong increase in international export and project finance to €20.7bn (+77%
yoy).
Domestic
> Decline in domestic markets mainly attributable to decrease in loan
commitments to energy companies, the switch from broad-based to targeted
promotion for energy-efficient housing, and the expiration of the special
COVID-19 programs.
> Mandated transactions for energy companies incl. disbursements of
emergency aid/price brakes for gas and heat amounting to EUR 11.5bn
(28% of total business volume).
International
› Doubling of new export and project financing business to EUR 20.7 billion
(09/2022: EUR 11.7 billion).
>
New commitments amounting to €3.1bn for the financing of developing and
emerging economies (09 2022: €3.3bn).
Financial Markets
> Investments of €0.5bn in green bonds, bringing our green bond portfolio to
around €2.6bn.
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