KfW is owned by the Federal Republic of Germany and the States of Germany .
| FactSnippet No. 1,314,320 |
10 Facts About KfW
2.
KfW is not allowed to compete with commercial banks, but it facilitates their business in areas within its mandate.
| FactSnippet No. 1,314,321 |
3.
KfW has been very active in securitization before this market collapsed during the subprime mortgage crisis.
| FactSnippet No. 1,314,322 |
4.
KfW provides loans to European commercial banks to help them finance SMEs, housing and infrastructure .
| FactSnippet No. 1,314,323 |
5.
KfW Entwicklungsbank provides financing to governments, public enterprises and commercial banks engaged in microfinance and SME promotion in developing countries.
| FactSnippet No. 1,314,324 |
6.
KfW IPEX-Bank is active in project finance and corporate finance related to German or European exports.
| FactSnippet No. 1,314,325 |
7.
Therefore, and in response to concerns voiced by the European Commission concerning unfair competition, KfW IPEX-Bank has become legally and financially independent in 2008.
| FactSnippet No. 1,314,326 |
8.
On behalf of the German state, KfW holds shares in a variety of corporations, including Deutsche Post, Deutsche Telekom, Commerzbank, Lufthansa, and CureVac.
| FactSnippet No. 1,314,327 |
9.
In 2013, KfW agreed to help establish a Portuguese financial institution to foster economic growth and boost job creation in the country.
| FactSnippet No. 1,314,328 |
10.
In September 2008, as investors were scrambling to get their funds out of Lehman Brothers, KfW accidentally wired 426 million to Lehman; Germany's largest circulation newspaper, Bild, subsequently called KfW "Germany's Dumbest Bank" at the time.
| FactSnippet No. 1,314,329 |