Logo Quiz of the Day : 703


Hint: Europe's dumbest bank.
Answer: KfW
KfW banking group is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau, meaning Reconstruction Credit Institute. It was formed in 1948 after World War II as part of the Marshall Plan.
It is owned by the Federal Republic of Germany (80%) and the States of Germany (20%).
On September 15, 2008, KfW transferred €300 million ($425 million) to Lehman Brothers Holdings on the same day that Lehman filed for bankruptcy, a step that earned the bank an unflattering moniker of "Germany's dumbest bank" in the media.

9 Answer Here:

Fayaz said...
May 16, 2011 at 9:05 PM

kfw bankengruppe

AMIT said...
May 16, 2011 at 9:53 PM

KFW bank group

divas said...
May 16, 2011 at 11:41 PM

KFW FORDERBANK and please give the answers of previous questions......

Shweta Patil said...
May 17, 2011 at 10:51 AM

KfW banking group is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau, meaning Reconstruction Credit Institute. It was formed in 1948 after World War II as part of the Marshall Plan.

indian said...
May 17, 2011 at 11:52 AM

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)-- German Investment Corporation. DEG KfW Bank Group (KfW Bankengruppe) government of the Federal Republic of Germany.

Anonymous said...
May 17, 2011 at 12:08 PM

KfW Entwicklungsbank, Development bank of the Federal Republic and federal states


From,
Vivek Pai

VK Handa said...
May 18, 2011 at 8:58 AM

KFW-IPEX-BANK

Hitesh said...
May 20, 2011 at 11:22 AM

KfW - Germany's state owned bank

iRat said...
May 21, 2011 at 2:35 PM

KfW banking group

Post a Comment