KfW Rely on the safe haven - Investor presentation
Mandated transactions to support energy sector
Outstanding committed volume¹ of mandated transactions (in € bn)
45
39.4
39.4
39.0
40
34.0
34.0
34.0
34.0
34.0
34.0
34.0
34.0
34.0
34.0
35
30
25
20
15
10
5
0
| | | | | | | | | | | | !
7.9
03 2024
03 2023
04 2023
05 2023
06 2023
07 2023
08 2023
09 2023
10 2023
11 2023
12 2023
01 2024
02 2024
1_Lower net volume due to repayments and sale of receivables to the Federal Government.
Disbursements
Outstanding committed volume
Commitments by purpose
€ 34.0bn
as of Mar 2024
■ Gas margining: 18%
Electricity margining: 12%
■ Replacing sources of gas
procurement: 6%
■Gas storage: 54%
■Redemption of loans: 4%
■LNG-import: 6%
Commitments by duration
KFW Rely on the safe haven - Investor presentation / April 2024
Mandated transactions
■ < 1 year: 6%
■1 to 3 years: 59%
€ 34.0bn
■3 to 5 years: 13%
as of Mar 2024
■5 to 10 years: 22%
KfW is conducting mandated transactions on behalf of the
Federal Government to secure the energy supply and
strengthen the resilience of the German economy.
Credit risks in the context of these transactions are borne by
the Federal Government.
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