KfW IPEX-Bank opens representative office in Mexico

Frankfurt am Main (ots) -

- KfW IPEX-Bank opens its 10th international representative office
in an important regional economic and financial centre
- Growth market of Mexico an important destination for German and
European exports and investment

KfW IPEX-Bank is commencing operations in Mexico as of now. The
new representative office in Mexico City officially opened yesterday
with a reception for customers. "Mexico is our second base in North
America alongside New York. The country is an important manufacturing
location for NAFTA countries, and therefore also presents potential
for growth to German and European exporters and investors. We see a
lot of options for new lending operations. Some of these have
substantial volumes, as a result of which we would especially like to
tackle them in partnership with other banks - for the benefit of
German and European industry," said Klaus R. Michalak, CEO of KfW
IPEX-Bank.

Since this year, international companies have been allowed to
invest directly in oil and gas extraction in Mexico, a previously
state-owned sector. Thanks to the structural reforms of recent years,
Alex Wegenast, Director of KfW IPEX-Bank's new office, expects the
opportunities for investment to increase: "We anticipate new business
here, especially for companies operating in the fields of exploration
and the petrochemical sector, as well as their suppliers. The
expansion of extraction activities will also place higher demands on
the transport and logistics infrastructure. We can now offer our
customers local support in order to promote their business."

At the end of 2014, the Mexican regulatory authorities granted KfW
IPEX-Bank a licence to open a representative office, meaning that the
office could already start arranging its first transactions. With the
addition of the office in Mexico City, KfW IPEX-Bank now operates ten
representative offices around the world alongside its headquarters in
Frankfurt am Main and branch office in London: Abu Dhabi, Bangkok,
Istanbul, Johannesburg, Mexico City, Moscow, Mumbai, New York, São
Paulo and Singapore.

The opening ceremony in the metropolis with 20 million
inhabitants, held at the historical Hacienda de los Morales in the
heart of the Polanco business quarter, was attended by high-ranking
representatives of German business as well as Viktor Elbling, the
German Ambassador to Mexico, Dr Ulrich Schröder, CEO of the KfW
Group, Klaus R. Michalak, CEO of KfW IPEX-Bank and Markus Scheer,
Member of the Management Board of KfW IPEX-Bank.

More information about KfW IPEX-Bank's representative office in
Mexico: http://ots.de/LBiN9

About KfW IPEX-Bank GmbH

Within the KfW Group, KfW IPEX-Bank is responsible for
international project and export finance. Its function of providing
financing to boost the German and European economy is derived from
the legal mandate assigned to KfW. It offers medium- and long-term
financing to support key export industries, to develop economic and
social infrastructure and to fund environmental and climate
protection projects. KfW IPEX-Bank operates as a legally independent
group subsidiary and plays a major role in fulfilling KfW's
promotional mission. It is represented in the most important economic
and financial centres across the globe.

Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: Thomas.Krick@kfw.de
Tel. 069 7431-8454, Fax: 069 7431-9409, E-Mail: Thomas.Krick@kfw.de,
Internet: www.kfw-ipex-bank.de