"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 ...
[Read more]
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)