KfW IPEX-Bank GmbH – a wholly-owned subsidiary of KfW – is an independent financial institution operating under competitive conditions in the market.
We are responsible for the export and project finance business of the KfW Group and thus operate under its . Furthermore, we generate a considerable share of the Group's earnings, thereby contributing to its promotional capacity.
Promoting the German export industry has been part of the KfW Group's legal mandate since 1950. As far back as the early 1960s, "export promotion" became "export finance", in keeping with the increasing use of market funds under commercial conditions. KfW IPEX-Bank is responsible for this traditional field of business within the KfW Group. Further information can be found on the KfW website under " ".
We were founded as a legally independent subsidiary of KfW in 2008. Since then we have been operating under competitively neutral conditions in the market. The transfer of the KfW Group's international project and export finance activities was based on an understanding reached between the Federal Republic of Germany and the European Commission on the orientation of legally independent special credit institutions in Germany.
Our bank is governed by the German Banking Act (Kreditwesengesetz – KWG) and is subject to taxation. Its business is funded via KfW – at market conditions based on our own credit rating. Public Pfandbriefe issued by KfW IPEX-Bank in its role as Pfandbrief issuer will also be placed solely with KfW at conditions in line with the market. The transparency information required under Section 28 of the Pfandbrief Act can be found at . As an IRBA (Internal Ratings-Based Approach) bank, we use our own internal rating systems to measure credit risks.
We play a significant role in the international identity and reputation of KfW and contribute indispensable expertise to the Group. We generate innovation and constantly exchange experiences with other business areas of KfW. Especially in KfW's area, we are in close contact with our colleagues at KfW Development Bank and DEG (Deutsche Investitions- und Entwicklungsgesellschaft).