KfW Reports Record Funding Despite Profit Decline in 2024

Germany's state-owned development bank disbursed €112.8 billion while using more of its own funds, reaffirming its commitment to future challenges.

KfW's net profit fell to €1.4 billion in 2024, down from €1.56 billion in 2023, due to increased reliance on its own funds for financing programs.
The bank disbursed a record €112.8 billion in funding last year, slightly surpassing the €111.3 billion distributed in 2023.
KfW continues to prioritize domestic and international development, offering low-interest loans to small businesses, homebuilders, and students, as well as supporting global climate and poverty initiatives.
The surge in heating subsidy applications linked to Germany's Building Energy Act has contributed significantly to KfW's funding activities.
Despite reduced government budget allocations, KfW remains confident in its financial capacity to address future challenges and support Germany's resilience and global impact.