Photo courtesy Euromoney.
Germany’s public bank network, KfW, operates on the principle that it finances the public good AND stands as the nation’s third-largest bank. A recent opinion article in Euromoney, a financial industry publication, asserts that due to the increasing impediments of the Basel framework on commercial bankers, the institution may indeed be “more necessary than ever.” The article states:
“KfW and the banking associations field frequent enquiries from other countries looking to emulate the system. Perhaps they should. Germany’s flourishing small and medium enterprises (SME) sector speaks for itself.”