Germany · Credit institution
KFW Ipex Bank GMBH
Legal name in the LEI recordKfW IPEX-Bank GmbH
KfW IPEX-Bank GmbH is a German limited liability company based in Frankfurt am Main. It is wholly owned by KfW Beteiligungsholding GmbH, which is in turn a 100% subsidiary of KfW. The bank provides international project and export finance within KfW Group. It also manages KfW's export and project finance trust business. It has been a legally independent bank since 1 January 2008. The European Central Bank has supervised it directly since 1 January 2025.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers. It is on the ECB list of supervised entities (see Regulatory status): that is banking supervision, not a licence on a tracked register.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
ECB banking supervision
List of supervised entities as of 2026-07-01
- Classification
- Significant institution
- Supervisor
- European Central Bank (direct supervision)
- Listed as
- KfW IPEX-Bank GmbH
- Entity type
- Credit institution
- Supervised group (ECB)
- KfW Beteiligungsholding GmbH
- Why significant
- Size (Total assets EUR 30-50 bn)
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Subject to minimum reserves
- Listed as
- KfW IPEX-Bank GmbH
- RIAD code
- DE05799
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | Federal Financial Supervisory Authority (BaFin) | 2007-11-01 | A1 A2 A3 A5 A6 A7 |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- IPEXDEFFXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under IPEXDEFF directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2007-09-01
- Last updated
- 2022-02-14
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% KfW Beteiligungsholding GmbH
Institution type
Commercial bank
Trades as KfW IPEX-Bank
- Ownership
- KfW Beteiligungsholding GmbH holds 100% of the bank and is itself a wholly owned subsidiary of KfW.
- Direct parent
- KfW Beteiligungsholding GmbH ↗, Germany 100%
- Ultimate owner
- KfW (Kreditanstalt für Wiederaufbau), Germany
- Head office
- Palmengartenstraße 5-9, 60325 Frankfurt am Main, Germany
- Company register
- HRB 79744, Amtsgericht Frankfurt am Main
- Name in the local language
- KfW IPEX-Bank Gesellschaft mit beschränkter Haftung
Business lines
The bank arranges medium- and long-term export, project and structured finance in the Energy, Infrastructure, Industries and Commerce, and Mobility sectors, often in syndicates with other banks and institutional investors.
Online
- Websites & references
- kfw-ipex-bank.de ↗
Wikipedia ↗
Wikidata Q1740379 ↗ - Official social accounts
- None found
Sources · 11 pages consulted
- kfw-ipex-bank.de/Internationale-Finanzierung/KfW-IPEX-Bank/Impressum-und-Disclaimer.html
- kfw-ipex-bank.de/
- kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2025/KfW_IPEX-Bank_Lagebericht_und_
- kfw-ipex-bank.de/PDF/Presse/Download-Center/Offenlegungsbericht/250403-IPEX-OLB2024.pdf
- kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2024/KfW_IPEX-Bank_PCGK2024_DT.pdf
- kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_835840.html
- kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_898112.html
- kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_831232.html
- kfw.de/About-KfW/Arbeitsweise-und-Unternehmensf%C3%BChrung/Vorstand/
- find-and-update.company-information.service.gov.uk/company/FC028705
- en.wikipedia.org/wiki/KfW_IPEX-Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Belgin Rudack Chair of the Management Board (CEO); responsible for strategy, finance, HR, IT and internal audit
- Chair
- Melanie Kehr Chair of the Supervisory Board (member of the KfW Executive Board)
- Executive
- Claudia Schneider Member of the Management Board, risk management and compliance (CRO)
- Executive
- Dr. Velibor Marjanovic Member of the Management Board, Industries and Commerce, Energy and London branch
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- European Union
- European Central Bank Prudential supervisor
- Germany
- Federal Financial Supervisory Authority (BaFin) Prudential supervisorAML supervisorConduct
- Germany
- Deutsche Bundesbank Central bankOther
- European Union
- Single Resolution Board Resolution
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Christiane Laibach, chair of the Supervisory Board, retired from KfW on 31 July 2026. The bank's imprint now names Melanie Kehr as chair.
kfw.de ↗ -
Other
KfW Beteiligungsholding GmbH terminated its profit and loss transfer agreement with the bank, with effect from 1 January 2026.
kfw-ipex-bank.de ↗ -
Leadership
KfW appointed Aida Welker to the Management Board on 1 May 2025, succeeding Andreas Ufer, who retired at the end of April 2025.
kfw.de ↗ -
Leadership
KfW and the Supervisory Board extended Belgin Rudack's contract as CEO until the end of 2027.
kfw.de ↗ -
Licence
The European Central Bank took over direct supervision of the bank on 1 January 2025, after classifying it as a significant institution.
kfw-ipex-bank.de ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- IPEXDEFFXXX
- How the BIC breaks down
- IPEXBank
- DECountry · Germany
- FFLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 529900Q1M1F4M8KMTM64
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Credit institutionListed as a credit institution, or a branch of one, on the ECB’s list of supervised entities, or named as a bank on the Financial Stability Board’s G-SIB list, directly or as a G-SIB’s main operating bank. These are the only bank lists the directory tracks so far.
- Regulation
- Prudentially supervised (ECB list)Prudentially supervised, according to the ECB list of supervised entities (as at 2026-07-01). This is banking supervision, not a licence on a tracked register.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Germany · Europe & Central Asia
- Banking supervision
- Significant · supervised by the ECB as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 2008
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Kreditanstalt für Wiederaufbau · Germany549300GDPG70E3MBBU98 ↗
The Kreditanstalt für Wiederaufbau group has 3 institutions in the directory, in 1 country: all hold a BIC.
Including Kreditanstalt Fuer Wiederaufbau, Deg - Deutsche Investitions Und Entwicklungsgesellschaft Mbh.
See the Kreditanstalt für Wiederaufbau group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- PALMENGARTENSTR. 5-9 FRANKFURT AM MAIN 60325 GERMANY
- Operational address
- PALMENGARTENSTR. 5-9 FRANKFURT AM MAIN 60235 FRANKFURT AM MAIN GERMANY
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>IPEXDEFFXXX</BICFI>
<LEI>529900Q1M1F4M8KMTM64</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>IPEXDEFFXXX</BICFI>
<LEI>529900Q1M1F4M8KMTM64</LEI>
<Nm>KFW IPEX BANK GMBH</Nm>
<PstlAdr>
<TwnNm>FRANKFURT AM MAIN</TwnNm>
<Ctry>DE</Ctry>
<AdrLine>PALMENGARTENSTR. 5-9 FRANKFURT AM MAIN 60325</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Banking supervision—Source: European Central Bank, list of supervised entities.
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: Unknown author Unknown author · Public domain · Wikimedia Commons · original.
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