KfW IPEX Bank of Germany has reported that its new loan commitments in 2012 were 13.4 billion euro, matching 2011, despite a more difficult business environment.
The bank said in a prepared statement that it expects to announced new financing projects in 2013 on the same level as for 2012.
Conducting export financing, KfW IPEX said it was impacted by the shipping crisis, but still posted operating income of 264 million euro, on par with the previous year. That was offset, however, by higher risk provisions, reducing net income to 17 million euro for 2012.
With 61 billion euro outstanding in financing, the largest single industry category is the maritime sector with 14.2 billion euro.