6-K 1 d808648d6k.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 October 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 Third Quarter Preliminary Operating Results

On October 24, 2019, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the third quarter 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, %)

  

3Q 2019

    

2Q 2019

    

% Change
Increase
(Decrease)
(Q to Q)

   

3Q 2018

    

% Change
Increase
(Decrease)

(Y to Y)

 

Operating revenue

   Specified Quarter      13,011,650        12,590,237        3.35       9,411,867        38.08  
   Cumulative      37,939,219        24,927,569        —         30,995,866        22.40  

Net operating profit

   Specified Quarter      1,248,190        1,310,158        (4.73     1,328,192        (6.02
   Cumulative      3,717,597        2,469,407        —         3,879,348        (4.17

Profit before income tax

   Specified Quarter      1,260,147        1,358,805        (7.26     1,328,874        (5.17
   Cumulative      3,784,895        2,524,748        —         3,975,398        (4.79

Profit for the period

   Specified Quarter      940,685        991,467        (5.12     953,973        (1.39
   Cumulative      2,778,082        1,837,397        —         2,869,159        (3.17

Profit attributable to shareholders of the parent company

   Specified Quarter      940,284        991,192        (5.14     953,769        (1.41
   Cumulative      2,777,128        1,836,844        —         2,868,752        (3.19

 

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, %)

  

3Q 2019

    

2Q 2019

    

% Change
Increase
(Decrease)
(Q to Q)

   

3Q 2018

    

% Change
Increase
(Decrease)

(Y to Y)

 

Operating revenue

   Specified Quarter      6,499,949        6,164,051        5.45       3,816,865        70.30  
   Cumulative      17,972,928        11,472,979        —         13,283,870        35.30  

Net operating profit

   Specified Quarter      963,936        981,851        (1.82     983,092        (1.95
   Cumulative      2,721,351        1,757,415        —         2,695,201        0.97  

Profit before income tax

   Specified Quarter      958,682        989,171        (3.08     991,892        (3.35
   Cumulative      2,724,436        1,765,754        —         2,832,268        (3.81

Profit for the period

   Specified Quarter      701,612        732,296        (4.19     725,918        (3.35
   Cumulative      2,006,721        1,305,109        —         2,079,251        (3.49

Profit attributable to shareholders of the parent company

   Specified Quarter      701,612        732,296        (4.19     725,918        (3.35
   Cumulative      2,006,721        1,305,109        —         2,079,251        (3.49

 

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, %)

  

3Q 2019

    

2Q 2019

    

% Change
Increase
(Decrease)
(Q to Q)

   

3Q 2018

    

% Change
Increase
(Decrease)

(Y to Y)

 

Operating revenue

   Specified Quarter      1,952,316        2,013,692        (3.05     1,443,097        35.29  
   Cumulative      6,478,467        4,526,151        —         4,884,551        32.63  

Net operating profit (loss)

   Specified Quarter      75,625        100,517        (24.76     83,080        (8.97
   Cumulative      293,838        218,214        —         298,395        (1.53

Profit (Loss) before income tax

   Specified Quarter      84,883        127,769        (33.57     88,759        (4.37
   Cumulative      334,535        249,651        —         307,264        8.88  

Profit (Loss) for the period

   Specified Quarter      61,438        93,126        (34.03     60,838        0.99  
   Cumulative      241,840        180,402        —         219,802        10.03  

Profit (Loss) attributable to shareholders of the parent company

   Specified Quarter      61,433        93,120        (34.03     60,835        0.98  
   Cumulative      241,828        180,395        —         219,795        10.02  

 

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 third quarter 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: October 24, 2019

    By:  

/s/ Ki-Hwan Kim

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