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 looks back on an extraordinary year. The spread of COVID-19 gave rise to economic, political and social challenges all over the world - and yet KfW IPEX-Bank was able to assist its customers with important investments, also in difficult times. KfW's statutory mission to support German and European export companies in global markets was thus again fulfilled in the past year.
KfW IPEX-Bank provided loans totalling EUR 16.6 billion (previous year: EUR 22.1 billion). Of this amount, EUR 15.9 billion (2019: EUR 18.6 billion) was attributable to original lending business and EUR 0.7 billion (2019: EUR 3.5 billion) to bank refinancing under the CIRR Ship and ERP Export Financing programmes. The volume of lending in the Export and Project Finance business sector added up to EUR 67.5 billion at year-end 2020 (previous year: EUR 69 billion).
The information contained in this online Annual Report 2020 is based on KfW IPEX-Bank’s Management Report 2020, which you can download here(PDF, 4 MB, accessible) (in German, English version will follow soon). Should this online Annual Report 2020, 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 2020 takes priority.