-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S/8fZYZ7G/i0txMeCtxohvWpvjbK/ESdxPJeXoFBLk8IF0N2T5DwFdRPhLDPMVrY Anp6TFmlhJLN8o0evIEjAQ== 0000950123-10-010739.txt : 20100210 0000950123-10-010739.hdr.sgml : 20100210 20100210075039 ACCESSION NUMBER: 0000950123-10-010739 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100210 FILED AS OF DATE: 20100210 DATE AS OF CHANGE: 20100210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KB Financial Group Inc. CENTRAL INDEX KEY: 0001445930 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: M5 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53445 FILM NUMBER: 10586210 BUSINESS ADDRESS: STREET 1: 9-1, 2-GA, NAMDAEMOON-RO STREET 2: JUNG-GU CITY: SEOUL STATE: M5 ZIP: 100-703 BUSINESS PHONE: 822-2073-2844 MAIL ADDRESS: STREET 1: 9-1, 2-GA, NAMDAEMOON-RO STREET 2: JUNG-GU CITY: SEOUL STATE: M5 ZIP: 100-703 6-K 1 h03995e6vk.htm 6-K 6-K
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2010
Commission File Number: 000-53445
KB Financial Group Inc.
(Translation of registrant’s name into English)
9-1, 2-ga, Namdaemoon-ro, Jung-gu, Seoul 100-703, Korea
(Address of principal executive office)
     Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ          Form 40-F o
     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
     Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o          No þ
     If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-     N/A     .
 
 

 

 

Convocation of Annual General Meeting of Shareholders
of KB Financial Group Inc. for Fiscal Year 2009
On February 10, 2010, the board of directors of KB Financial Group Inc. resolved to convene the annual general meeting of shareholders for fiscal year 2009 as follows:
         
·
  Date and Time:   March 26, 2010, 10:00 A.M. local time
 
        
·
  Venue:   Fourth Floor Auditorium, Kookmin Bank, 36-3, Yeouido-dong,
Yeongdeungpo-gu, Seoul, Korea
 
        
·
  Agenda:    
  1)   Approval of financial statements (balance sheet, statement of income and statement of appropriation of retained earnings) for fiscal year 2009
 
  2)   Amendment of the Articles of Incorporation
 
  3)   Appointment of executive director(s)
 
  4)   Appointment of the members of the Audit Committee, who are non-executive directors
 
  5)   Approval of the aggregate remuneration limit for directors
Shareholders may exercise their voting rights without attending the meeting in person by submitting voting cards by mail.
Details regarding the candidate for executive director(s) will be disclosed after the list of such candidates is finalized.

 

 

2009 Preliminary Operating Results
On February 10, 2010, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for fiscal year 2009. The following tables reflect the key figures released during the conference. The presentation materials for the conference, which contain further details, are available at KB Financial Group’s website (http://www.kbfng.com).
The preliminary figures for KB Financial Group and Kookmin Bank for fiscal year 2009 presented herein are currently being audited by their respective independent auditors and are subject to change.
     1.     Operating results of KB Financial Group (consolidated)
                                             
                        % Change             % Change  
(Won in millions, %)   4Q 2009     3Q 2009     (Q to Q)     4Q 2008*     (Y to Y)  
Operating Revenue
   Specified Quarter     6,007,998       6,679,499       (10.05 )     17,967,947       (66.56 )
 
   Cumulative     30,446,099       24,487,629       —       29,729,283       —  
Operating Income
   Specified Quarter     70,936       145,037       (51.09 )     33,789       109.94  
 
   Cumulative     651,285       580,349       —       627,301       —  
Income before Income Tax
   Specified Quarter     41,398       155,419       (73.36 )     135,118       (69.36 )
 
   Cumulative     552,158       510,760       —       939,408       —  
Net Income **
   Specified Quarter     17,837       173,717       (89.73 )     43,878       (59.35 )
 
   Cumulative     539,818       521,981       —       611,927       —  
 
*   KB Financial Group was established on September 29, 2008 pursuant to a “comprehensive stock transfer” under Korean law and accordingly, the cumulative figures for the fourth quarter of fiscal year 2008 are based on the consolidated results subsequent to June 30, 2008, the end of the most recent quarter prior to the establishment of KB Financial Group.
 
**   Represents net income for controlling company interests.

 

 

     2.     Operating results of Kookmin Bank (non-consolidated)
                                             
                        % Change             % Change  
(Won in millions, %)   4Q 2009     3Q 2009     (Q to Q)     4Q 2008     (Y to Y)  
Operating Revenue
   Specified Quarter     5,480,502       6,311,324       (13.16 )     17,605,426       (68.87 )
 
   Cumulative     28,734,838       23,254,336       —       44,379,564       (35.25 )
Operating Income
   Specified Quarter     91,016       189,876       (52.07 )     (433,973 )     N/A *
 
   Cumulative     703,027       612,011       —       1,811,443       (61.19 )
Income before Income Tax
   Specified Quarter     58,708       199,098       (70.51 )     (388,335 )     N/A *
 
   Cumulative     660,471       601,763       —       2,158,289       (69.40 )
Net Income
   Specified Quarter     17,818       231,144       (92.29 )     (318,459 )     N/A *
 
   Cumulative     635,803       617,985       —       1,510,784       (57.92 )
 
*   N/A = Not applicable

 

 

Declaration of Cash Dividends by KB Financial Group Inc.
     On February 10, 2010, the board of directors of KB Financial Group Inc. (“KB Financial Group”) passed a resolution to declare a cash dividend of KRW 230 per common share (total dividend amount: KRW 78,896,667,470), subject to shareholder approval. The record date is December 31, 2009, and in accordance with the Korean Commercial Code, the payment for such dividends (which is subject to change pending shareholder approval) is expected to be made within one month following shareholder approval at the annual general meeting of shareholders of KB Financial Group scheduled to be held on March 26, 2010.
     The contents of the above declaration remain subject to change pending approval at the annual general meeting of shareholders and the results of the audit by our independent auditor.
     The total number of common shares that are eligible for payment of dividends is 343,028,989 shares (which excludes 43,322,704 shares held by Kookmin Bank, a wholly-owned subsidiary of KB Financial Group).

 

 

Declaration of Cash Dividends by Kookmin Bank
     On February 9, 2010, the board of directors of Kookmin Bank, a wholly-owned subsidiary of KB Financial Group Inc. (“KB Financial Group”), passed a resolution to declare a cash dividend of KRW192 per common share (total dividend amount: KRW95,304,790,272), subject to shareholder approval. The record date is December 31, 2009, and the expected payment date for such dividends (which is subject to change pending shareholder approval) is March 25, 2010. The entire dividend amount is to be paid to KB Financial Group, which holds all of the common shares of Kookmin Bank.
     The contents of the above declaration remain subject to change pending approval at the annual general meeting of shareholders of Kookmin Bank (which is scheduled to be held on March 25, 2010) and the results of the audit of Kookmin Bank by its independent auditor.

 

 

Report of Change in Revenue or Income of More than 15% (Kookmin Bank)
Kookmin Bank, a wholly owned subsidiary of KB Financial Group Inc., reported changes in its non-consolidated revenue and income as described below.
     
Key Details   (Won in thousands, %)
                                 
                    Change     Change  
    FY2009     FY2008     (Amount)     (%)  
Revenue and Income
                                
- Operating Revenue
     28,734,837,826       44,379,563,742       (15,644,725,916 )     (35.3 )
- Operating Income
     703,026,527       1,811,442,884       (1,108,416,357 )     (61.2 )
- Income before Income Tax
     660,470,970       2,158,289,327       (1,497,818,357 )     (69.4 )
- Net Income
     635,802,787       1,510,783,978       (874,981,191 )     (57.9 )
Other Financial Data
                                
- Total Assets
     256,519,760,407       262,093,176,566                  
- Total Liabilities
     237,177,202,547       244,779,083,051                  
- Shareholders’ Equity
     19,342,557,860       17,314,093,515                  
- Capital Stock
     2,481,895,580       2,181,895,580                  
- Shareholders’ Equity/ Capital Stock Ratio (%)
     779.3       793.5                  
 
  -   The decreases in operating income and net income were primarily due to (i) a decrease in operating revenue due to, among other reasons, a decrease in income from derivatives and (ii) an increase in operating expenses due to, among other reasons, an increase in loan loss provisions.
The above figures are subject to change based on (i) the results of the audit by Kookmin Bank’s independent auditors and (ii) the results of Kookmin Bank’s annual general meeting of shareholders.

 

 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
    KB Financial Group Inc.  
    (Registrant)  
     
     
         
     
Date: February 10, 2010  By:   /s/ Kap Shin    
    (Signature)   
    Name:   Kap Shin
    Title:   Deputy President & CFO 
 

 

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