0001193125-13-042121.txt : 20130207 0001193125-13-042121.hdr.sgml : 20130207 20130207061129 ACCESSION NUMBER: 0001193125-13-042121 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130207 FILED AS OF DATE: 20130207 DATE AS OF CHANGE: 20130207 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: 13579956 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 d480057d6k.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 February 2013

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.

 

 

 


Preliminary Operating Results for Fiscal Year 2012

On February 7, 2013, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for 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.kbfg.com).

The preliminary figures presented herein are based on the Korean International Financial Reporting Standards (“K-IFRS”) and are currently being audited by our independent auditor and are subject to change.

 

  1. Operating results of KB Financial Group (consolidated)

 

(Won in millions, %)

   4Q 2012      3Q 2012      % Change
Increase
(Decrease)
(Q to Q)
    4Q 2011      %  Change
Increase
(Decrease)

(Y to Y)
 
Operating Revenue*   

Specified Quarter

     6,007,860         6,296,285         (4.58     5,969,498         0.64   
  

Cumulative

     25,296,357         19,288,497         —          26,484,343         (4.49
Operating Income   

Specified Quarter

     421,475         536,797         (21.48     435,080         (3.13
  

Cumulative

     2,505,866         2,084,391         —          3,398,334         (26.26
Income before Income Taxes   

Specified Quarter

     308,653         510,846         (39.58     375,944         (17.90
  

Cumulative

     2,355,796         2,047,143         —          3,260,806         (27.75

Net Income**

  

Specified Quarter

     213,772         410,103         (47.87     219,069         (2.42
  

Cumulative

     1,774,519         1,560,747         —          2,373,026         (25.22

 

* 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, %)

   4Q 2012      3Q 2012      % Change
Increase
(Decrease)
(Q to Q)
    4Q 2011      %  Change
Increase
(Decrease)

(Y to Y)
 

Operating Revenue**

  

Specified Quarter

     4,779,488         4,850,715         (1.47     4,590,232         4.12   
  

Cumulative

     19,273,951         14,494,463         —          22,274,350         (13.47

Operating Income

  

Specified Quarter

     272,311         406,893         (33.08     277,562         (1.89
  

Cumulative

     2,015,265         1,742,954         —          2,806,349         (28.19

Income before Income Taxes

  

Specified Quarter

     220,070         396,379         (44.48     255,459         (13.85
  

Cumulative

     1,945,307         1,725,237         —          2,761,814         (29.56

Net Income***

  

Specified Quarter

     158,555         326,253         (51.40     129,931         22.03   
  

Cumulative

     1,487,380         1,328,825         —          2,046,538         (27.32

 

* 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.


Report of Change in Revenue or Income of More than 15% (KB Financial Group)

On February 7, 2013, KB Financial Group reported changes in its revenue and income, each on a separate basis, as described below.

Key Details

 

                  (Won in thousands, %)  
     FY 2012      FY 2011     Change
(Amount)
     Change
(%)
 

Revenue and Income

          

- Operating Revenue*

     693,943,379         26,999,320        666,944,059         2,470.2   

- Operating Income

     645,191,215         (62,362,418     707,553,633         N.A. ** 

- Income before Income Taxes

     644,879,885         (65,225,447     710,105,332         N.A. ** 

- Net Income

     646,235,488         (63,678,373     709,913,861         N.A. ** 

Other Financial Data

       

- Total Assets

     18,412,767,905         18,510,689,623     

- Total Liabilities

     328,425,926         794,409,913     

- Shareholders’ Equity

     18,084,341,979         17,716,279,710     

- Capital Stock

     1,931,758,465         1,931,758,465     

- Shareholders’ Equity/ Capital Stock Ratio (%)

     936.2         917.1     

 

* 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.
** Not Applicable.

 

   

The increase in operating revenue and net income were primarily due to an increase in the dividends received from KB Financial Group’s subsidiaries.

 

   

The preliminary figures presented above are based on K-IFRS and are currently being audited by our independent auditor and are subject to change.


Declaration of Cash Dividends by KB Financial Group Inc.

On February 7, 2013, the board of directors of KB Financial Group passed a resolution to declare a cash dividend of KRW 600 per common share (total dividend amount: KRW 231,811,015,800), subject to shareholder approval. The record date is December 31, 2012, 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, which is expected to be held on March 22, 2013.

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 386,351,693 shares.


Report of Change in Revenue or Income of More than 15% (Kookmin Bank)

On February 7, 2013, Kookmin Bank, a wholly owned subsidiary of KB Financial Group, reported changes in its revenue and income, each on a separate basis, as described below.

Key Details

 

                  (Won in thousands, %)  
    FY 2012      FY 2011*      Change
(Amount)
    Change
(%)
 

Revenue and Income

         

- Operating Revenue**

    19,136,840,967         21,743,059,971         (2,606,219,004     (12.0

- Operating Income

    1,959,892,428         2,615,686,997         (655,794,569     (25.1

- Income before Income Taxes

    1,813,529,836         2,555,746,871         (742,217,035     (29.0

- Net Income

    1,371,195,469         2,008,579,433         (637,383,964     (31.7

Other Financial Data

       

- Total Assets

    258,648,983,964         257,728,624,652      

- Total Liabilities

    238,699,843,844         238,720,226,628      

- Shareholders’ Equity

    19,949,140,120         19,008,398,024      

- Capital Stock

    2,021,895,580         2,021,895,580      

- Shareholders’ Equity / Capital Stock Ratio (%)

    986.7         940.1      

 

* The figures for operating revenue, operating income and income before income taxes in the table above for fiscal year 2011 exclude 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.

 

 

The decrease in operating income and net income were due primarily to (i) a decrease in interest income attributable mainly to a decrease in our net interest margin and (ii) a decrease in non-interest income attributable mainly to one-off items

 

 

The preliminary figures presented above are based on K-IFRS and are currently being audited by our independent auditor and are subject to change.


Declaration of Cash Dividends by Kookmin Bank

On February 6, 2013, the board of directors of Kookmin Bank, a wholly-owned subsidiary of KB Financial Group, passed a resolution to declare a cash dividend of KRW 697 per common share (total dividend amount: KRW 282,039,387,393), subject to shareholder approval. The record date is December 31, 2012, 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 Kookmin Bank, which is expected to be held on March 21, 2013. 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 and the results of the audit of Kookmin Bank by its independent auditor.


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 7, 2013

    By:  

/s/ Jong Kyoo Yoon

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