Within KfW Group, KfW IPEX-Bank is responsible for export and project finance. It supports German and European companies operating in key industrial sectors in global markets by structuring medium and long-term financing for their exports, funding infrastructure investments, securing a raw materials supply and by financing environmental and climate protection projects worldwide. As a specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise, it takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank operates as a legally independent group subsidiary and is represented in the most important economic and financial centres across the globe.
KfW IPEX-Bank can look back on a very successful financial year. Despite economic, political and social challenges in many regions of the world, high market liquidity and the constant pressure on banks and institutional investors to invest, in 2019 KfW IPEX-Bank again fulfilled KfW's legal mandate to support German and European exporters in global markets. Given the market demand for its financings, the bank provided loans totalling EUR 22.1 billion (prior year: EUR 17.7 billion). Of this amount, EUR 18.6 billion (2018: EUR 17 billion) was attributable to original lending business and EUR 3.5 billion (2018: EUR 0.7 billion) to bank refinancing under the CIRR Ship and ERP Export Financing programmes. The volume of lending of the Export and Project Finance business sector increased to EUR 69.1 billion at year-end 2019 (previous year: EUR 66.6 billion).
The information contained in this online Annual Report 2019 is based on KfW IPEX-Bank’s Management Report 2019, which you can download here. Should this online Annual Report 2019, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Management Report, KfW IPEX-Bank’s Management Report 2019 takes priority.