OREANDA-NEWS. December 20, 2012. The Chairman of KfW's Board of Supervisory Directors, Dr Philipp Rosler, German Federal Minister of Economics and Technology (BMWi), also speaking on behalf of the Deputy Chairman, Dr Wolfgang Schauble, declared the following after the 05 December 2012 meeting of the KfW Board of Supervisory Directors:

I am pleased to announce that Dr Schroder has agreed to serve a second term as Chief Executive Officer (CEO) of KfW Bankengruppe. The Board of Supervisory Directors today appointed Dr Ulrich Schroder once again as a member of the Executive Board and as CEO. Dr Schroder's new contract will run for five years. Dr Schroder, who began directing the bank on 01 September 2008 during a difficult time has proven himself as head of the Executive Board, in particular in the restructuring process of the KfW Group.