0001193125-12-187948.txt : 20120427 0001193125-12-187948.hdr.sgml : 20120427 20120427062652 ACCESSION NUMBER: 0001193125-12-187948 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120427 FILED AS OF DATE: 20120427 DATE AS OF CHANGE: 20120427 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: 12785392 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 d344461d6k.htm FORM 6-K Form 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 April 2012

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   x    Form 40-F  ¨

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): ¨

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): ¨

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  ¨    No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-  N/A  .

 

 

 

2012 First Quarter Preliminary Operating Results

On April 27, 2012, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first quarter of fiscal year 2012. 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 presented herein are based on the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”) and are currently being reviewed by our independent auditor and are subject to change.

 

1. Operating results of KB Financial Group (consolidated)

 

(Won in millions, %)

    1Q 2012      4Q 2011      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2011      %  Change
Increase
(Decrease)
(Y to Y)		  

Operating Revenue*

    Specified Quarter      6,900,937         5,969,498         15.60         6,449,173         7.0   
   Cumulative      6,900,937         26,484,343         —           6,449,173         7.0   

Operating Income

    Specified Quarter      811,604         435,080         86.54         1,010,554         (19.69 ) 
   Cumulative      811,604         3,398,334         —           1,010,554         (19.69 ) 

Income before Income Taxes

    Specified Quarter      806,305         375,944         114.47         1,016,507         (20.68 ) 
   Cumulative      806,305         3,260,806         —           1,016,507         (20.68 ) 

Net Income**

    Specified Quarter      603,186         219,069         175.34         757,550         (20.38 ) 
   Cumulative      603,186         2,373,026         —           757,550         (20.38 ) 

 

* Represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit and loss, and other operating income.
** Represents profit attributable to equity holders of the parent entity.

2. Operating results of Kookmin Bank (consolidated)

 

(Won in millions, %)

      1Q 2012      4Q 2011      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2011*      %  Change
Increase
(Decrease)
(Y to Y)		  

Operating Revenue**

      Specified Quarter         5,180,348         4,590,232         12.86         5,756,706         (10.01 ) 
     Cumulative         5,180,348         22,274,350         —           5,756,706         (10.01 ) 

Operating Income

      Specified Quarter         689,723         277,562         148.49         955,996         (27.85 ) 
     Cumulative         689,723         2,806,349         —           955,996         (27.85 ) 

Income before Income Taxes

      Specified Quarter         690,386         255,459         170.25         964,308         (28.41 ) 
     Cumulative         690,386         2,761,814         —           964,308         (28.41 ) 

Net Income***

      Specified Quarter         524,675         129,931         303.81         740,470         (29.14 ) 
     Cumulative         524,675         2,046,538         —           740,470         (29.14 ) 

 

* Includes income (loss) from discontinued operations of Kookmin Bank’s credit card business, which was spun off as of the end of February 2011.
** Represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit and loss, and other operating income.
*** Represents profit attributable to equity holders of the parent entity.

3. Operating results of KB Kookmin Card Co., Ltd. (consolidated)

 

(Won in millions, %)

    1Q 2012      4Q 2011*      % Change
Increase
(Decrease)
(Q to Q)		  

Operating Revenue**

    Specified Quarter      723,250         789,975         (8.45 ) 
   Cumulative      723,250         2,426,030         —     

Operating Income

    Specified Quarter      92,802         141,650         (34.48 ) 
   Cumulative      92,802         412,566         —     

Income before Income Taxes

    Specified Quarter      93,037         141,972         (34.47 ) 
   Cumulative      93,037         410,797         —     

Net Income***

    Specified Quarter      71,106         114,713         (38.01 ) 
   Cumulative      71,106         319,794      

 

* The cumulative figures herein cover the ten-month period from March 1 to December 31, 2011. KB Kookmin Card Co., Ltd. was established on March 2, 2011 as a wholly-owned subsidiary of KB Financial Group following the spin-off of the credit card business from Kookmin Bank.
** Represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit and loss, and other operating income.
*** Represents profit attributable to equity holders of the parent entity.

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: April 27, 2012

    

By: /s/ Jong Kyoo Yoon

    (Signature)
    Name:   Jong Kyoo Yoon
    Title:   Deputy President & CFO