KfW IPEX-Bank celebrates the official opening of its representative office in Abu Dhabi

Frankfurt am Main (ots) - KfW IPEX-Bank officially opened its new
representative office in Abu Dhabi on 28 November 2010. With this
step the bank emphasizes the great importance of the region and at
the same time expands its network of international locations. In the
presence of the Senior Executive Director of the Central Bank of the
United Arab Emirates, Mr Saeed Abdullah Al Hamiz, and the German
Ambassador, Mr Klaus-Peter Brandes, Dr Norbert Kloppenburg, Member of
the Executive Board of KfW Bankengruppe and Christian K Murach and
Markus Scheer, both Members of the Managing Board of KfW IPEX-Bank
opened the office in Abu Dhabi.

"The Gulf region has traditionally been an important sales market
for the German plant engineering and construction industry. Thus the
representative office is a key element in fulfilling our mission of
supporting the German and European export industry", said Markus
Scheer, Managing Director of KfW IPEX-Bank about the reasons for
establishing this new representative office.

After the Central Bank of the United Arab Emirates had granted
approval and issued the Representative Office Licence, the office
took up its work already at the beginning of the year. It is headed
by Mr Klaus Sander.

In addition to the London Branch Office, KfW IPEX-Bank now
maintains nine representative offices worldwide including the one in
Abu Dhabi. "KfW is a German promotional bank, which also conducts
international business in the framework of German Financial
Cooperation and to support the German export industry. Because we are
an international project and export finance institution, the presence
in our clients' local target markets is extremely important for us.
For this reason we are present with our branch offices and
representations in the regions most important for the export
industry", Dr Norbert Kloppenburg explains the strategy. Besides his
function as Member of the Executive Board of KfW Bankengruppe, Dr
Kloppenburg is also the Chairman of the Board of Supervisory
Directors of KfW IPEX-Bank GmbH.

About KfW IPEX-Bank GmbH

Within KfW Bankengruppe KfW IPEX-Bank is in charge of
international project and export finance. It is responsible for
providing financing to support the German and European economy, a
task derived from the legal mandate assigned to KfW Bankengruppe. Its
prime focus is on medium- and long-term lending to boost the export
economy, develop economic and social infrastructure and support
environmental and climate protection projects. KfW IPEX-Bank operates
as a legally independent group subsidiary and plays a major role in
fulfilling the promotional mission of KfW Bankengruppe. It has
approx. 521 employees (as of 31 December 2009) and is represented in
the key economic and financial centres around the globe.

Originaltext: KfW-IPEX-Bank
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Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: presse.ipex@kfw.de
Tel. +49 (0)69 7431-3300, Fax: +49 (0)69 7431-9409, E-Mail:
info@kfw-ipex-bank.de, Internet: www.kfw-ipex-bank.de