KfW IPEX-Bank and DEG Open Representative Office in Singapore
OREANDA-NEWS. June 26, 2012. The two KfW subsidiaries KfW IPEX-Bank and DEG will officially launch their new joint representative office in
KfW IPEX-Bank and DEG, both wholly owned subsidiaries of KfW, will operate the new representative office together. "The financings offered by the two institutions complement each other very well because the Asian market demands both classic export finance products and instruments for the financing of direct investments. As a German promotional bank, KfW is very active in both areas", said Dr Norbert Kloppenburg, who is not only on KfW's Executive Board but also on the Board of Supervisory Directors of KfW IPEX-Bank and First Deputy Chairman of the Board of Supervisory Directors of DEG.
After the regulatory authority in