0001193125-12-317995.txt : 20120727 0001193125-12-317995.hdr.sgml : 20120727 20120727062633 ACCESSION NUMBER: 0001193125-12-317995 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120727 FILED AS OF DATE: 20120727 DATE AS OF CHANGE: 20120727 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: 12988733 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 d386573d6k.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 July 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 Half Preliminary Operating Results

On July 27, 2012, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first half 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, %)

    2Q 2012      1Q 2012      % Change
Increase
(Decrease)
(Q to Q)		     2Q 2011      %  Change
Increase
(Decrease)
(Y to Y)		  

Operating Revenue*

    Specified Quarter      6,091,275         6,900,937         (11.73 )      6,506,323         (6.38 ) 
   Cumulative      12,992,212         6,900,937         —          12,955,496         0.28   

Operating Income

    Specified Quarter      735,990         811,604         (9.32 )      1,165,214         (36.84 ) 
   Cumulative      1,547,594         811,604         —          2,175,768         (28.87 ) 

Income before Income Taxes

    Specified Quarter      729,992         806,305         (9.46 )      1,085,605         (32.76 ) 
   Cumulative      1,536,297         806,305         —          2,102,112         (26.92 ) 

Net Income**

    Specified Quarter      547,458         603,186         (9.24 )      817,335         (33.02 ) 
   Cumulative      1,150,644         603,186         —          1,574,885         (26.94 ) 

 

* 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, %)

    2Q 2012      1Q 2012      % Change
Increase
(Decrease)
(Q to Q)		     2Q 2011*      %  Change
Increase
(Decrease)
(Y to Y)		  

Operating Revenue**

    Specified Quarter      4,463,399         5,180,349         (13.84 )      5,619,942         (20.58 ) 
   Cumulative      9,643,748         5,180,349         —          11,376,648         (15.23 ) 

Operating Income

    Specified Quarter      646,338         689,723         (6.29 )      1,166,447         (44.59 ) 
   Cumulative      1,336,061         689,723         —          2,122,443         (37.05 ) 

Income before Income Taxes

    Specified Quarter      638,472         690,386         (7.52 )      1,125,648         (43.28 ) 
   Cumulative      1,328,858         690,386         —          2,089,956         (36.42 ) 

Net Income***

    Specified Quarter      477,897         524,675         (8.92 )      859,950         (44.43 ) 
   Cumulative      1,002,572         524,675         —          1,600,420         (37.36 ) 

 

* The cumulative figures herein include 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, %)

    2Q 2012      1Q 2012      % Change
Increase
(Decrease)
(Q to Q)		     2Q 2011*      %  Change
Increase
(Decrease)
(Y to Y)		  

Operating Revenue**

    Specified Quarter      717,321         723,250         (0.82 )      665,986         7.71   
   Cumulative      1,440,571         723,250         —          914,210         57.58   

Operating Income

    Specified Quarter      59,398         92,802         (35.99 )      88,855         (33.15 ) 
   Cumulative      152,200         92,802         —          107,956         40.98   

Income before Income Taxes

    Specified Quarter      59,791         93,037         (35.73 )      87,331         (31.54 ) 
   Cumulative      152,828         93,037         —          106,363         43.69   

Net Income***

    Specified Quarter      45,223         71,106         (36.40 )      68,236         (33.73 ) 
   Cumulative      116,329         71,106         —          81,921         42.00   

 

* The cumulative figures herein cover the four-month period from March 1 to June 30, 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: July 27, 2012

    

By: /s/ Jong Kyoo Yoon

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