This is about one third of the banking group’s total financing volume of 81.4 billion euro for the year an increase of 27 percent since 2010.
The banking group provided about 11.1 billion euro in environmental protection programs under its unit for small and medium enterprises KfW Mittlestandsbank. This figure increased by 59 percent from last year’s 7 billion euro.
The increase, according to the banking group, was mostly a result of strong demand for the KfW Renewable Energies Program which provided 9.6 billion euro in loans in total.
The banking group allotted 8.7 billion euro to programs in energy-efficient construction and renovation facilities through its unit KfW Privatkundenbank. But while it was the second largest commitment, it was slightly below the 2009 record of 8.9 billion.
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The banking group also said its export and import finance unit KfW IPEX-Bank set aside 20 percent of its 9.3 billion euro budget for the completion of energy and environmental projects in Germany and abroad.
However, the main focus of the unit was mainly on new business activities on transport and infrastructure, which obtained 35 percent of the total budget.
The development aid unit KfW Entwicklungsbank expanded its commitments in international climate and environmental projects providing 58 percent of its total loans, which amounted to 2.6 billion euro.
“The record demand for KfW products in the year 2010 shows that we offered the German economy the right solutions even during the crisis, said KfW Bankengruppe’s chief executive officer Ulrich Schröder
He added that, since the increase in their loans was mainly due to Germany’s economic and financial crisis, they expect the demand for the banks offers to decline in the coming months as the economy recovers.
KfW has set a funding target for the year 2011 at 75 billion euro.
