"The KfW, formerly KfW Bankengruppe (banking group), is a German state-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau ("Credit Institute for Reconstruction"). It was formed in 1948 after World War II as part of the Marshall Plan. As of 2018, it is Germany’s third largest bank by balance sheet." - (en.wikipedia.org 21.12.2020)
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