The KfW IPEX-Bank GmbH is a German commercial bank that is the wholly owned subsidiary of German KfW that focuses on development financing. Since 1 January 2008 it has been a legally independent bank governed by the German Banking Act. Its work focuses on international project and export financing. The bank's headquarter is located in Frankfurt, where the KfW IPEX-Bank uses the Westarkade, which was completed in 2011.