--- title: "KFW Ipex Bank GMBH SWIFT/BIC code IPEXDEFFXXX · Germany | Elucidate" description: "Significant institution directly supervised by the ECB. SWIFT/BIC code IPEXDEFFXXX for KFW Ipex Bank GMBH, Germany. Head-office BIC, LEI 529900Q1M1F4M8KMTM64." url: https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff --- 1. [Directory](https://elucidate.co/directory) 2. [Germany](https://elucidate.co/directory/country/de) 3. KFW Ipex Bank GMBH ![KfW IPEX-Bank logo](https://elucidate.co/images/banks/8b/8b39d4c42bd7d043.webp) Germany · Credit institution # KFW Ipex Bank GMBH Legal name in the LEI record KfW 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. ECB · Single Supervisory Mechanism Directly supervised by the ECB Total assets EUR 30–50 bn Group: KfW Beteiligungsholding GmbH BIC **IPEXDEFFXXX** LEI **[529900Q1M1F4M8KMTM64](https://search.gleif.org/#/record/529900Q1M1F4M8KMTM64)** Licence no. **Not on a tracked register** Connected to Swift [ECB significant institution](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#regulatory) Head-office BIC only [Group: Kreditanstalt für Wiederaufbau](https://elucidate.co/directory/group/549300GDPG70E3MBBU98) [Claim this profile](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#claim) ## 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](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#regulatory)): 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 Swift - **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](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#overview-sources) ![Westarkade Frankfurt viewed from Zeppelinallee](https://elucidate.co/images/banks/6f/6f45c685262196e0.webp) Photo: Schlittenhund1986 · [CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0) · [Wikimedia Commons](https://commons.wikimedia.org/wiki/File:Westarkade_Frankfurt_viewed_from_Zeppelinallee.jpg) · [original](https://thumb.wikimedia.org/wikipedia/commons/thumb/e/e1/Westarkade_Frankfurt_viewed_from_Zeppelinallee.jpg/960px-Westarkade_Frankfurt_viewed_from_Zeppelinallee.jpg?utm_source=commons.wikimedia.org&utm_campaign=imageinfo&utm_content=thumbnail) Total assets EUR 39.6bn This entity · 31 Dec 2025 · [annual report ↗](https://www.kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2025/KfW_IPEX-Bank_Lagebericht_und_Jahresabschluss_2025.pdf) Employees 1,001 headcount · This entity · 31 Dec 2025 · [annual report ↗](https://www.kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2025/KfW_IPEX-Bank_Lagebericht_und_Jahresabschluss_2025.pdf) 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 ↗](https://search.gleif.org/#/record/5299002GPCR602QYJC04), 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 - Corporate banking - Trade finance - Leasing & factoring - Other 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 ↗](https://www.kfw-ipex-bank.de/) [Wikipedia ↗](https://en.wikipedia.org/wiki/KfW_IPEX-Bank) [Wikidata Q1740379 ↗](https://www.wikidata.org/wiki/Q1740379) - **Official social accounts:** None found Sources · 11 pages consulted 1. [kfw-ipex-bank.de/Internationale-Finanzierung/KfW-IPEX-Bank/Impressum-und-Disclaimer.html](https://www.kfw-ipex-bank.de/Internationale-Finanzierung/KfW-IPEX-Bank/Impressum-und-Disclaimer.html) 2. [kfw-ipex-bank.de/](https://www.kfw-ipex-bank.de/) 3. [kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2025/KfW\_IPEX-Bank\_Lagebericht\_und\_](https://www.kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2025/KfW_IPEX-Bank_Lagebericht_und_Jahresabschluss_2025.pdf) 4. [kfw-ipex-bank.de/PDF/Presse/Download-Center/Offenlegungsbericht/250403-IPEX-OLB2024.pdf](https://www.kfw-ipex-bank.de/PDF/Presse/Download-Center/Offenlegungsbericht/250403-IPEX-OLB2024.pdf) 5. [kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2024/KfW\_IPEX-Bank\_PCGK2024\_DT.pdf](https://www.kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2024/KfW_IPEX-Bank_PCGK2024_DT.pdf) 6. [kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details\_835840.html](https://www.kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_835840.html) 7. [kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details\_898112.html](https://www.kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_898112.html) 8. [kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details\_831232.html](https://www.kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_831232.html) 9. [kfw.de/About-KfW/Arbeitsweise-und-Unternehmensf%C3%BChrung/Vorstand/](https://www.kfw.de/About-KfW/Arbeitsweise-und-Unternehmensf%C3%BChrung/Vorstand/) 10. [find-and-update.company-information.service.gov.uk/company/FC028705](https://find-and-update.company-information.service.gov.uk/company/FC028705) 11. [en.wikipedia.org/wiki/KfW\_IPEX-Bank](https://en.wikipedia.org/wiki/KfW_IPEX-Bank) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#overview-sources) - **Chief executive:** Belgin Rudack Chair of the Management Board (CEO); responsible for strategy, finance, HR, IT and internal audit Confirmed 29 Sep 2026 · [kfw-ipex-bank.de ↗](https://www.kfw-ipex-bank.de/Internationale-Finanzierung/KfW-IPEX-Bank/Impressum-und-Disclaimer.html) - **Chair:** Melanie Kehr Chair of the Supervisory Board (member of the KfW Executive Board) Confirmed 29 Sep 2026 · [kfw-ipex-bank.de ↗](https://www.kfw-ipex-bank.de/Internationale-Finanzierung/KfW-IPEX-Bank/Impressum-und-Disclaimer.html) - **Executive:** Claudia Schneider Member of the Management Board, risk management and compliance (CRO) Confirmed 29 Sep 2026 · [kfw-ipex-bank.de ↗](https://www.kfw-ipex-bank.de/Internationale-Finanzierung/KfW-IPEX-Bank/Impressum-und-Disclaimer.html) - **Executive:** Dr. Velibor Marjanovic Member of the Management Board, Industries and Commerce, Energy and London branch Confirmed 29 Sep 2026 · [kfw-ipex-bank.de ↗](https://www.kfw-ipex-bank.de/Internationale-Finanzierung/KfW-IPEX-Bank/Impressum-und-Disclaimer.html) ## Supervisors & regulators Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#overview-sources) - **European Union:** European Central Bank Prudential supervisor - **Germany:** Federal Financial Supervisory Authority (BaFin) Prudential supervisor AML supervisor Conduct - **Germany:** Deutsche Bundesbank Central bank Other - **European Union:** Single Resolution Board Resolution ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#overview-sources) 1. Jul 2026 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 ↗](https://www.kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_898112.html) 2. Jan 2026 Other KfW Beteiligungsholding GmbH terminated its profit and loss transfer agreement with the bank, with effect from 1 January 2026. [kfw-ipex-bank.de ↗](https://www.kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2025/KfW_IPEX-Bank_Lagebericht_und_Jahresabschluss_2025.pdf) 3. May 2025 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 ↗](https://www.kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_831232.html) 4. Jan 2025 Leadership KfW and the Supervisory Board extended Belgin Rudack's contract as CEO until the end of 2027. [kfw.de ↗](https://www.kfw.de/%C3%9Cber-die-KfW/Newsroom/Aktuelles/Pressemitteilungen-Details_835840.html) 5. Jan 2025 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 ↗](https://www.kfw-ipex-bank.de/PDF/%C3%9Cber-die-KfW-IPEX-Bank/Gesch%C3%A4ftsbericht/2025/KfW_IPEX-Bank_Lagebericht_und_Jahresabschluss_2025.pdf) 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:** 1. IPEX Bank 2. DE Country · Germany 3. FF Location 4. XXX Branch · head office - **Branch description:** Not recorded in the directory - **LEI:** 529900Q1M1F4M8KMTM64 - **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/529900Q1M1F4M8KMTM64) - **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Profile - **Type:** Credit institution - **Regulation:** Prudentially supervised (ECB list) - **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](https://elucidate.co/directory/kfw-ipex-bank-gmbh-ipexdeff#regulatory) 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](https://elucidate.co/directory/kreditanstalt-fuer-wiederaufbau-kfwideff) · Germany[549300GDPG70E3MBBU98 ↗](https://search.gleif.org/#/record/549300GDPG70E3MBBU98) The Kreditanstalt für Wiederaufbau group has 3 institutions in the directory, in 1 country: all hold a BIC. Including [Kreditanstalt Fuer Wiederaufbau](https://elucidate.co/directory/kreditanstalt-fuer-wiederaufbau-kfwideff), [Deg - Deutsche Investitions Und Entwicklungsgesellschaft Mbh](https://elucidate.co/directory/deg-deutsche-investitions-und-entwicklungsgesellschaft-mbh-degkde3k). [See the Kreditanstalt für Wiederaufbau group →](https://elucidate.co/directory/group/549300GDPG70E3MBBU98) 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 ```xml IPEXDEFFXXX 529900Q1M1F4M8KMTM64 ``` ### 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 ```xml IPEXDEFFXXX 529900Q1M1F4M8KMTM64 KFW IPEX BANK GMBH FRANKFURT AM MAIN DE PALMENGARTENSTR. 5-9 FRANKFURT AM MAIN 60325 ``` 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. ## Related institutions ### Same group - [Kreditanstalt Fuer Wiederaufbau BIC KFWIDEFF Financial institution Not on a tracked register Germany · Not on a tracked register · LEI 549300GDPG70E3MBBU98](https://elucidate.co/directory/kreditanstalt-fuer-wiederaufbau-kfwideff) - [Deg - Deutsche Investitions Und Entwicklungsgesellschaft Mbh BIC DEGKDE3K Non-financial corporate Not on a tracked register Germany · Not on a tracked register · LEI 529900G0ONBZN5XQ9G48](https://elucidate.co/directory/deg-deutsche-investitions-und-entwicklungsgesellschaft-mbh-degkde3k) [All 3 institutions in the Kreditanstalt für Wiederaufbau group →](https://elucidate.co/directory/group/549300GDPG70E3MBBU98) ### Largest institutions in Germany - [DZ Bank AG, Deutsche Zentral- Genossenschaftsbank BIC GENODEF1 Financial institution Not on a tracked register Germany · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/dz-bank-ag-deutsche-zentral-genossenschaftsbank-genodef1) - [Deutsche Bank AG BIC DEUTDEDB Financial institution Not on a tracked register Germany · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/deutsche-bank-ag-deutdedb) - [Unicredit Bank GMBH BIC HYVEDEMM Credit institution Prudential licence Germany · On the ECB list of supervised entities · LEI 2ZCNRR8UK83OBTEK2170](https://elucidate.co/directory/unicredit-bank-gmbh-hyvedemm) - [Commerzbank AG BIC COBADEFF Credit institution Prudential licence Germany · On the ECB list of supervised entities · LEI 851WYGNLUQLFZBSYGB56](https://elucidate.co/directory/commerzbank-ag-cobadeff) - [Commerzbank AG (Formerly Dresdner Bank AG) BIC DRESDEFF Financial institution Not on a tracked register Germany · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/commerzbank-ag-formerly-dresdner-bank-ag-dresdeff) - [DZ Bank AG, Deutsche Zentral- Genossenschaftsbank BIC GENODES1 Financial institution Not on a tracked register Germany · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/dz-bank-ag-deutsche-zentral-genossenschaftsbank-genodes1) - [Deutsche Bank AG BIC DEUTDEFF Credit institution Prudential licence Germany · On the ECB list of supervised entities · LEI 7LTWFZYICNSX8D621K86](https://elucidate.co/directory/deutsche-bank-ag-deutdeff) - [DZ Bank AG, Deutsche Zentral- Genossenschaftsbank BIC GENODED1 Financial institution Not on a tracked register Germany · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/dz-bank-ag-deutsche-zentral-genossenschaftsbank-genoded1) [See every BIC in Germany →](https://elucidate.co/directory/country/de#bics) Claim this profile ## Work at KFW Ipex Bank GMBH? Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page. 1. 01 **Submit** Tell us who you are, using your work email. 2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days. 3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time. 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 →](https://elucidate.co/directory/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](https://commons.wikimedia.org/wiki/File:KfW_IPEX-Bank_logo.svg) · [original](https://thumb.wikimedia.org/wikipedia/commons/thumb/0/0f/KfW_IPEX-Bank_logo.svg/330px-KfW_IPEX-Bank_logo.svg.png?utm_source=commons.wikimedia.org&utm_campaign=imageinfo&utm_content=thumbnail). ## Assess the financial crime risk behind a BIC A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.