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KfW Bankengruppe
Type	Federal Agency
Founded	1948
Headquarters	Frankfurt, Germany
Industry	Financial services
Products	Public sector banking, commercial banking, private banking
Revenue	€70.6 billion (2008)
Employees	4,228 (2008)
Website	www.kfw.de

KfW is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau, meaning Reconstruction Credit Institute, and it was formed after World War II as part of the Marshall Plan.

Recently KfW has tied up with the Industrial Development Bank of India (IDBI) to help Indian companies identify projects, fund the projects and help earn carbon credits. The tie-up would also help the companies find a suitable buyer in the international market.

On September 15, 2008, KfW transferred €300 million ($425 million) to Lehman Brothers Holdings on the same day that Lehman filed for bankruptcy, a step that earned the bank an unflattering moniker of "Germany's dumbest bank" in the media.^[2]

[edit] See also

List of development aid agencies

[edit] References

^ ^a ^b "Annual Results 2008" (PDF). KfW. http://www.kfw.de/DE_Home/Service/Download_Center/Finanzpublikationen/PDF_Dokumente_Berichte_etc./3_Finanzberichte/KfW_Financial_Report_2007_accessible_20080822.pdf. Retrieved 2009-04-17.
^ DPA news agency (nda) (2008-09-20). "Germany's "Dumbest Bank" to Press Charges Against Own Staff". Deutsche Welle. http://www.dw-world.de/dw/article/0,2144,3659009,00.html. Retrieved 2008-09-21.

[edit] External links

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[AR2008-0] "Annual Results 2008" (PDF). KfW. http://www.kfw.de/DE_Home/Service/Download_Center/Finanzpublikationen/PDF_Dokumente_Berichte_etc./3_Finanzberichte/KfW_Financial_Report_2007_accessible_20080822.pdf. Retrieved 2009-04-17.

[1] DPA news agency (nda) (2008-09-20). "Germany's "Dumbest Bank" to Press Charges Against Own Staff". Deutsche Welle. http://www.dw-world.de/dw/article/0,2144,3659009,00.html. Retrieved 2008-09-21.

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