Deutschlandfonds

Frankfurt am Main – November 04, 2026 -- KfW Bankengruppe lifted new commitments in its core promotional business by €26.5 billion, or about 43%, to a record €87.9 billion in the first nine months of 2026, against €61.4 billion a year earlier. All business segments contributed to the increase.

Group profit reached €1,399 million, more than double the €647 million of January-September 2025. The economic result, defined as group profit before IFRS effects, promotional expense and taxes, rose to €2,032 million from €1,364 million.

Domestic promotion climbs 39% to €57.0 billion on building and SME demand

Domestic commitments totaled €57.0 billion, up from €40.9 billion. Demand spanned the full range of building-efficiency products, including heating support, while SME customers sought climate, environmental, digitalization and innovation financing. KfW Capital committed €631 million to fund investments, up 72% from €366 million.

Frankfurt am Main – September 11, 2026 -- Germany has a realistic chance of restoring potential economic growth to more than 1% annually over the coming decade, according to a new KfW Research study, up from a rate that has slipped to barely above zero after standing near 2% in 2015.

KfW ties growth recovery to labor, capital and productivity gains

The study, titled "Standort Zukunft. Wie Deutschland zu neuer Stärke und Wachstum findet," identifies productivity as the most critical lever for reversing more than a decade of stagnation. KfW CEO Stefan Wintels and Chief Economist Dirk Schumacher presented the findings alongside a twelve-point policy paper in Frankfurt.