6-K 1 d779494d6k.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 2019

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul 07331, 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  ☒            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):  ☐

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

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):  ☐

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

 

 


2019 First Half Preliminary Operating Results

On July 18, 2019, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first half of fiscal year 2019. 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 International Financial Reporting Standards as adopted by the Republic of Korea (“K-IFRS”) and are currently being reviewed by KB Financial Group’s independent auditors and are subject to change.

 

1.

Preliminary Operating Results of KB Financial Group (Consolidated)

 

(Won in millions, %)    2Q 2019      1Q 2019      % Change
Increase
(Decrease)
(Q to Q)
     2Q 2018      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue

  Specified Quarter      12,605,561        12,337,332        2.17        11,343,723        11.12  
  Cumulative      24,942,893        12,337,332        —          21,583,999        15.56  

Net operating profit

  Specified Quarter      1,310,158        1,159,249        13.02        1,324,005        (1.05
  Cumulative      2,469,407        1,159,249        —          2,551,156        (3.20

Profit before income tax

  Specified Quarter      1,358,805        1,165,943        16.54        1,303,106        4.27  
  Cumulative      2,524,748        1,165,943        —          2,646,524        (4.60

Profit for the period

  Specified Quarter      991,467        845,930        17.20        946,797        4.72  
  Cumulative      1,837,397        845,930        —          1,915,186        (4.06

Profit attributable to shareholders of the parent company

  Specified Quarter      991,192        845,652        17.21        946,751        4.69  
  Cumulative      1,836,844        845,652        —          1,914,983        (4.08

 

Note)

“Operating revenue” represents the sum of interest income, fee and commission income, insurance income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.


2.

Preliminary Operating Results of Kookmin Bank (Consolidated)

 

(Won in millions, %)    2Q 2019      1Q 2019      % Change
Increase
(Decrease)
(Q to Q)
     2Q 2018      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue

  Specified Quarter      6,164,042        5,308,928        16.11        5,367,813        14.83  
  Cumulative      11,472,970        5,308,928        —          9,467,005        21.19  

Net operating profit

  Specified Quarter      981,842        775,564        26.60        897,877        9.35  
  Cumulative      1,757,406        775,564        —          1,712,109        2.65  

Profit before income tax

  Specified Quarter      989,162        776,583        27.37        901,928        9.67  
  Cumulative      1,765,745        776,583        —          1,840,376        (4.06

Profit for the period

  Specified Quarter      732,289        572,813        27.84        663,126        10.43  
  Cumulative      1,305,102        572,813        —          1,353,333        (3.56

Profit attributable to shareholders of the parent company

  Specified Quarter      732,289        572,813        27.84        663,126        10.43  
  Cumulative      1,305,102        572,813        —          1,353,333        (3.56

 

Note)

“Operating revenue” represents the sum of interest income, fee and commission income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.


3.

Preliminary Operating Results of KB Securities Co., Ltd. (“KB Securities”) (Consolidated)

 

(Won in millions, %)    2Q 2019      1Q 2019      % Change
Increase
(Decrease)
(Q to Q)
    2Q 2018      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue

  Specified Quarter      2,029,016        2,512,459        (19.24     1,562,469        29.86  
  Cumulative      4,541,475        2,512,459        —         3,441,454        31.96  

Net operating profit (loss)

  Specified Quarter      100,517        117,607        (14.53     98,343        2.21  
  Cumulative      218,124        117,607        —         215,315        1.30  

Profit (Loss) before income tax

  Specified Quarter      127,769        121,882        4.83       103,098        23.93  
  Cumulative      249,651        121,882        —         218,505        14.25  

Profit (Loss) for the period

  Specified Quarter      93,126        87,276        6.70       77,069        20.83  
  Cumulative      180,402        87,276        —         158,964        13.49  

Profit (Loss) attributable to shareholders of the parent company

  Specified Quarter      93,120        87,275        6.70       77,067        20.83  
  Cumulative      180,395        87,275        —         158,960        13.48  

 

Note 1)

Based on KB Securities’ consolidated financial statements, as a result of which the figures differ from KB Securities’ earnings results to be released at KB Financial Group’s 2019 first half earnings conference, which are based on KB Financial Group’s consolidated financial statements.

 

        2)

“Operating revenue” represents operating income based on KB Securities’ financial statements.


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 18, 2019

                                 By:  

/s/ Ki-Hwan Kim

      (Signature)
    Name:   Ki-Hwan Kim
    Title:   Deputy President and Chief Finance Officer