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:
kfw bankengruppe
KFW bank group
KFW FORDERBANK and please give the answers of previous questions......
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.
Deutsche Investitions- und Entwicklungsgesellschaft (DEG)-- German Investment Corporation. DEG KfW Bank Group (KfW Bankengruppe) government of the Federal Republic of Germany.
KfW Entwicklungsbank, Development bank of the Federal Republic and federal states
From,
Vivek Pai
KFW-IPEX-BANK
KfW - Germany's state owned bank
KfW banking group
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