CORPORATE
READ THIS ON WEB
CLICK ON ICON
RELIABLE PARTNERS FOR THE GREEN AGENDA One of the world’s leading promotional banks, KfW, has provided funds totalling EUR 107 billion in 2021 worldwide, and a third of this amount was used for climate and environmental protection. In the near future, this means more clean energy for Serbia, as well as sustainable urban development
RÜDIGER HARTMANN Director of KfW Office in Belgrade
Focus
GERMANY 2022
T
34
he leading German promotional bank, KfW, is represented at around 69 locations worldwide, as well as in Belgrade. As it is focused on the future and improving life, the bank supports people, countries, and institutions who think ahead. Rüdiger Hartmann, Director of Belgrade Office, shares with us some plans for the future. KfW is one of the leading promotional banks in the world. What is your mission? — KfW was founded in 1948, to support the economic reconstruction of West Germany. In the 1960s, we went international by implementing German Financial Cooperation with Developing Countries on behalf of the German government.
As a bank committed to responsibility, KfW´s mission is to support sustainable economic, social, and environmental development in Germany and worldwide. We are not profit-oriented and we always act on a mandate by the German Government and KfW´s General Assem-
bly, which is composed of representatives of all relevant stakeholder groups, ranging from the German government, the parliament, and the federal states to the churches, trade unions, and the private sector. This is what sets KfW apart from commercial banks.
KfW supports Serbia in achieving the targets and commitments related to the EU accession process with a special focus on climate and energy as well as sustainable urban infrastructure development
How large is KfW, in comparison with commercial banks? — As of today, our balance sheet is around 550 bln EUR and our annual commitments worldwide exceed 100 bln EUR, thereof roughly 10 bln EUR in Development Cooperation. In total, we have 7,600 employees. Our overarching goals are improving people’s economic and social living conditions, alleviating poverty, and protecting the climate and environment. As an institution that is governed by public law, the German
