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KfW

German state-owned investment and development bank

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The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe, is a German state-owned investment and development bank, based in Frankfurt. As of 2025, it is one of the world's leading development banks, ranking third globally by total assets according to the Sovereign Wealth Fund Institute. It also remains Germany's third largest bank overall.

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