KfW IPEX-Bank Delivers EUR 23.9 Billion in New Commitments as It Strengthens Economic Resilience for 2024

KfW IPEX-Bank Delivers EUR 23.9 Billion in New Commitments as It Strengthens Economic Resilience for 2024

(IN BRIEF) In financial year 2024, KfW IPEX-Bank achieved remarkable success, with new commitments reaching EUR 23.9 billion—EUR 22.4 billion from original lending and EUR 1.5 billion for refinancing under CIRR programmes. This strong performance, which built on the record year of 2023, helped support domestic companies by enabling expansion in production capacity and new market entry, thereby securing jobs in Germany amid current geopolitical challenges. The bank’s Export and Project Finance sector recorded a lending volume of EUR 85.4 billion, while contributing EUR 611 million to KfW Group’s consolidated earnings. With its strategic financing for sustainable projects, energy transition efforts, digital infrastructure, and future-focused technology, KfW IPEX-Bank has made a significant contribution to strengthening the German and European economies. The outlook for 2025 is robust, with the bank committed to providing innovative and resilient financial solutions to boost local value creation and global competitiveness while advancing green transition initiatives.

(PRESS RELEASE) FRANKFURT, 9-Apr-2025 — /EuropaWire/ — KfW IPEX-Bank ended financial year 2024 on another outstanding note, building directly on the record performance achieved in 2023. Over the past year, the bank secured new commitments totaling EUR 23.9 billion, with EUR 22.4 billion arising from original lending activities and an additional EUR 1.5 billion allocated to funds for bank refinancing under the CIRR programmes.

Belgin Rudack, CEO of KfW IPEX-Bank, stated, “In 2024, our global team delivered a seamless follow-up to our excellent achievement in 2023. Many domestic customers benefitted from our performance by expanding production capacity and breaking into new sales markets, which in turn has contributed to job security in Germany. Amid today’s geopolitical uncertainties, ensuring the continued stability of our domestic economy remains a critical focus for our bank.”

At the close of financial year 2024, the Export and Project Finance business sector reached a lending volume of EUR 85.4 billion, up from EUR 78 billion the previous year. The bank also played a pivotal role within the KfW Group, contributing EUR 611 million to consolidated earnings. KfW IPEX-Bank’s efforts have not only supported domestic firms but have also made a significant impact on both the German and European economies. Amid a challenging market landscape, the bank provided essential financing for sustainable projects, energy transition initiatives, digital infrastructure, and breakthrough technologies that are key to maintaining and boosting competitiveness in the global arena.

Looking ahead to 2025, KfW IPEX-Bank is determined to seize emerging opportunities by continuing to support German and international customers through sustainable, resilient, and innovative financing solutions. With a strategic focus on enhancing the competitiveness of both the German and European economies, the bank is committed to fostering local value creation while helping companies succeed on a global scale. This approach, which emphasizes financing projects that drive the green transition and create enduring value, underscores KfW IPEX-Bank’s determination to contribute positively to local communities, the environment, and the prospects of future generations.

Further detailed figures for the financial year 2024 and the comprehensive 2024 Annual Report of KfW IPEX-Bank are available in the Annual Report.

Media Contact:

Dr Axel Breitbach
+49 69 7431-2961
axel.breitbach@kfw.de

SOURCE: KfW Development Bank