KfW and ING-DiBa conclude second joint global loan transaction EUR 300 million to finance private homebuilding

Frankfurt (ots) - Today in Frankfurt ING-DiBa AG and KfW
Förderbank signed a contract for a global loan in the housing sector
in the amount of EUR 300 million. The global loan provides ING-DiBa
with KfW financing at favourable conditions, with the resultant
advantages being passed on to the homebuilders. The funds will be
made available through the global loan to private individuals
planning to purchase or build their own home. They will also enable
owners of a house or flat to finance renovation or modernisation
work.

"This new global loan shows that ING-DiBA continues to play a
leading role in private real estate finance", said Ben Tellings, CEO
of ING-DiBa.

"We are pleased to have concluded a second global loan with
ING-DiBa", said Dr Ulrich Schröder, CEO of KfW Bankengruppe. "With
this global loan for home construction we are supporting private
homebuilders. Since orders for this type of work typically go to
local small and medium-sized construction firms and craftsmen, the
generated demand will also benefit the SME sector. In this way, local
jobs can be created or safeguarded. As a result, not only private
homebuilders but also SMEs will benefit from the favourable
refinancing conditions we as a promotional bank can offer".

The global loan is one of KfW Bankengruppe's promotional products
available to all credit institutions and comes in two variants - for
private housing construction and for SMEs. The KfW funds are
typically paid out to the commercial banks in various tranches, which
the banks then use to extend bespoke loans to individual borrowers.
Since the loan structures can be agreed freely, the global loan
offers both banks and their customers broad, flexible scope for
action. At the same time, the global loans are easy for the banks to
handle. Apart from cooperation in KfW's housing finance programmes,
the global loan concluded today marks the second joint transaction by
ING-DiBa and KfW in this field, with the first global loan contract
for EUR 500 million having been signed in December 2006. These funds
were fully used to finance private homebuilding.

Press contacts:

ING-DiBa
Dr Ulrich Ott
Phone: +49 (0)69 27 222 66233
E-mail: u.ott@ing-diba.de
www.ing-diba.de/presse

KfW Bankengruppe
Nathalie Drücke
Phone: +49 (0)69 7431-2098
E-mail: nathalie.druecke@kfw.de
www.kfw.de

Originaltext: KfW
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Contact:
KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Kommunikation (KOM)
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de