Promotional business via the capital markets

EUR 1.3 billion was contributed to KfW’s promotional business via capital market products in 2016 – for climate and environmental protection and for commercial enterprises.

Support for climate and environmental protection

KfW invests in green bonds on the capital market on behalf of the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), thereby financing measures to promote climate and environmental protection. It sets minimum requirements for the green securities to be purchased, maintains intensive dialogue with market participants and collaborates on market initiatives to improve transparency and quality on the green bond market. This allows KfW to make a contribution to the further development of a market segment that is still relatively new, but growing fast.

Support for commercial enterprises

KfW promotes financing of commercial enterprises via the capital market. In this capital market-based financing, KfW invests primarily in high-quality securi­tisations of receivables from SMEs.




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The information contained in this online Annual Report 2016 is based on KfW’s Financial Report 2016, which you can download here. Should this online Annual Report 2016, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2016 takes priority.

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