KfW IPEX-Bank

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  KfW IPEX-Bank GmbH
logo
Country GermanyGermany Germany
Seat Palmengartenstrasse 5–9
60325 Frankfurt am Main
legal form GmbH
founding January 1, 2008
Website kfw-ipex-bank.de
Business data 2019
Total assets 26 billion euros
Employee 745
management
Supervisory board Joachim Nagel (Chairman)
Corporate management

Klaus R. Michalak
Markus Scheer
Claudia Schneider
Andreas Ufer

Template: Infobox_Kreditinstitut / Maintenance / ID is missing

The KfW IPEX-Bank GmbH is a wholly owned subsidiary of KfW (Kreditanstalt für Wiederaufbau). It has been operating as a legally independent bank since January 1, 2008, subject to the German Banking Act. The main focus of her work is international project and export finance. The bank's headquarters are in Frankfurt am Main , where KfW IPEX-Bank uses the Westarkade , which was completed in 2010 .

prehistory

KfW, founded in 1948, used export and project finance (E&P) instruments as part of its business model very early on. In 1950 KfW was given this task. This branch of their business activity gained increasing importance in the eighties and nineties of the last century and not least for this reason called the competition watchdogs of the European Union on the scene, who saw the activities of KfW as a German promotional bank in the E&P sector as not in conformity with competition. This is mainly because this business activity within the protected area of ​​a promotional bank protected by the German state did not take place under market conditions and thus an impermissible competitive advantage arose.

The outsourcing of KfW's international project and export financing goes back to an agreement between the Federal Republic of Germany and the Commission of the European Union on the establishment of legally independent promotional institutions in Germany.

The agreement provides that KfW may only use the refinancing advantages in the form of assumption of liability by the federal government for its original promotional activities defined in a catalog of tasks. According to the agreement, all activities going beyond this are outsourced to a credit institute organized under private law by the beginning of 2008, which operates under the competitive conditions of the market. On August 15, 2003, the German Bundestag implemented this agreement in the Development Bank Restructuring Act.

On January 1, 2004, the KfW IPEX-Bank brand (IPEX stands for “International Project and Export Financing”) was established as part of a four-year transition phase (the so-called bank-in-the-bank phase) . On January 1, 2008, it was spun off as a company in the legal form of a GmbH and is subject to full tax liability and, in particular, banking supervision , which does not apply to the parent company, KfW .

Strategic priorities and financing products

KfW IPEX-Bank is a special credit institute in the field of export and project finance . The tasks of KfW IPEX-Bank consist of financing in the interests of the German and European economy and are derived from the statutory mandate of KfW. The focus is on the provision of medium and long-term special-purpose financing to support the export economy, the development of the economic and social infrastructure as well as environmental and climate protection projects.

KfW IPEX-Bank is active in the basic industries, manufacturing, telecommunications, trade & health, energy & environment, shipping & ports, aviation & airports, rail & road transport, construction and PPP . Their financing offers range from classic delivery-related export credits and trade financing to complex project and structured financing in various currencies, including the integration of export credit insurance .

Company data

In 2019, KfW IPEX-Bank's new business volume was EUR 22.1 billion. In 2019, EUR 11.2 billion of newly committed loans were distributed across Europe, EUR 2.2 billion in North America, EUR 1.7 billion in Asia, EUR 1.7 billion in Latin America, EUR 1.6 billion in EUR on Africa and EUR 0.2 billion on Australia and Oceania. In 2019 KfW IPEX-Bank had an average of 745 employees.

Representative offices

KfW IPEX-Bank currently has foreign representatives in Abu Dhabi , Singapore , Mumbai , Johannesburg , São Paulo , Istanbul , Mexico City , Moscow and New York as well as a branch in London .

Web links

Individual evidence

  1. ↑ KfW IPEX-Bank: Relationship with KfW
  2. ↑ Management report and annual financial statements 2019. (pdf) In: KfW IPEX-Bank. Retrieved April 6, 2020 .
  3. ↑ a b
  4. ↑ a b KfW: Export Financing , accessed on March 24, 2013
  5. ↑ KfW IPEX-Bank: Organigram , accessed on November 6, 2015
  6. ↑ KfW aims to be among the best in the world with export credits. Die Welt, accessed March 28, 2013 .
  7. ↑ see § 11 (1) KredAnstWiAG
  8. ↑ KfW IPEX-Bank: [1]
  9. ↑ KfW IPEX-Bank: Locations , accessed on March 10, 2015

Coordinates: 50 ° 7 ′ 13.4 ″  N , 8 ° 39 ′ 19.6 ″  E