2022: Expansion of locations outside Germany
In order to be as close to its customers as possible and to support the domestic economy in its core target markets, KfW IPEX-Bank is continuously optimising its global presence. In 2008, the Johannesburg site was added to the existing international offices in Istanbul, Mumbai, New York, São Paulo, etc. The first and so far only KfW IPEX-Bank branch office was also opened in London. Later, further representative offices were established, for example in Abu Dhabi, Singapore and Mexico City. In 2022, the Singapore representative office was transformed into a subsidiary, KfW IPEX-Bank Asia Ltd., in order to better support the German and European export economy in this region by expanding its scope for action. The opening of a new foreign office in Bogotá followed in January 2023.