Invest in the Future. Transform it now.

Strong presence in debt capital markets 78.2 76.1 55.4 55.4 80.6 Funding volume (EUR in billions) 45.9 Funding target 2023: 90bn EUR thereof at least 10bn through green bonds 89.4 88.6 82.6 66.4 44.8 56.0 57.9 50.4 9.9 13.0 22.1 14.2 6.0 8.4 9.8 4.7 4.5 4.8 16.2 10.6 11.8 3.6 8.1 8.3 1.6 2018 2019 2020 2021 2022 October 2023 ■Private placements ■ Other public bonds ■KfW Benchmark Programme 14.0 15.5 5.1 3.7 2017 ■Green Bonds - Made by KfW KFW Invest in the Future. Transform it now. / November 2023 39 99

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