KfW
![Central office of KfW (Westarkade Frankfurt)](/Images/godic/202501/22/Westarkade2720.JPG")
The KfW, formerly KfW Bankengruppe (banking group), is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau ("Reconstruction Credit Institute"). It was formed in 1948 after World War II as part of the Marshall Plan.