-----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, Bw7F9PMR9q5aWWcBLs2yuWvDUuiSM5umueEJPyRPPUe1LWC2svM6/nvT2DityFRc wSaEdHFnFnEmfgad5dpcOw== 0000950123-10-097778.txt : 20101029 0000950123-10-097778.hdr.sgml : 20101029 20101029061359 ACCESSION NUMBER: 0000950123-10-097778 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101029 FILED AS OF DATE: 20101029 DATE AS OF CHANGE: 20101029 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: 101149662 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 h04589e6vk.htm FORM 6-K e6vk
 
 
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 October 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     .
 
 

 

 

2010 Third Quarter Preliminary Operating Results
On October 29, 2010, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the third quarter of fiscal year 2010. 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 the third quarter of fiscal year 2010 presented herein are currently being reviewed by our independent auditor and are subject to change.
     1.   Operating results of KB Financial Group (consolidated)
                                         
                    % Change             % Change  
                    Increase             Increase  
                    (Decrease)             (Decrease)  
(Won in millions, %)   3Q 2010     2Q 2010     (Q to Q)     3Q 2009     (Y to Y)  
Operating Revenue
                                        
Specified Quarter
     6,023,161       6,888,568       (12.56 )     6,679,499       (9.83 )
Cumulative
     20,018,015       14,085,062       —       24,487,629       (18.25 )
Operating Income
                                        
Specified Quarter
     163,015       (446,713 )     N/A *     145,037       12.40  
Cumulative
     329,414       166,399       —       580,349       (43.24 )
Income before Income Taxes
                                        
Specified Quarter
     126,384       (458,696 )     N/A *     155,419       (18.68 )
Cumulative
     284,930       158,546       —       510,760       (44.21 )
Net Income**
                                        
Specified Quarter
     81,323       (334,950 )     N/A *     173,717       (53.19 )
Cumulative
     319,048       237,725       —       521,981       (38.88 )
 
*   N/A = Not applicable
 
**   Represents net income for controlling company interests.

 

 

     2.   Operating results of Kookmin Bank (non-consolidated)
                                         
                    % Change             % Change  
                    Increase             Increase  
                    (Decrease)             (Decrease)  
(Won in millions, %)   3Q 2010     2Q 2010     (Q to Q)     3Q 2009     (Y to Y)  
Operating Revenue**
                                        
Specified Quarter
     4,823,871       N/A *     —       5,685,014       (15.15 )
Cumulative
     16,436,208       N/A *     —       21,278,612       (22.76 )
Operating Income**
                                        
Specified Quarter
     (53,217 )     N/A *     —       58,382       N/A *
Cumulative
     (265,891 )     N/A *     —       239,613       N/A *
Income before Income Taxes**
                                        
Specified Quarter
     (90,973 )     N/A *     —       72,441       N/A *
Cumulative
     (310,578 )     N/A *     —       243,317       N/A *
Net Income
                                        
Specified Quarter
     56,727       (346,724 )     N/A *     231,144       (75.46 )
Cumulative
     230,257       173,530       —       617,985       (62.74 )
 
*   N/A = Not applicable
 
**   As a result of the resolution of the board of directors of Kookmin Bank on September 28, 2010 to spin-off its credit card business to be operated by a newly established, wholly-owned subsidiary of KB Financial Group, which will remain unlisted, in accordance with the Korea Financial Accounting Standards, the figures for operating revenue, operating income and income before income taxes in the table above for the third quarter of 2009 and 2010 have been prepared based on financial statements that exclude income (loss) from discontinued operations. Please note that except for net income, only the financial information for the third quarter of 2009 has been provided in the table above for comparative purposes.

 

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: October 29, 2010  By:   /s/ Wang-Ky Kim    
  (Signature)   
  Name:   Wang-Ky Kim   
  Title:   Deputy President & CPRO   
 

 

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