0001193125-21-125560.txt : 20210422 0001193125-21-125560.hdr.sgml : 20210422 20210422063451 ACCESSION NUMBER: 0001193125-21-125560 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210422 FILED AS OF DATE: 20210422 DATE AS OF CHANGE: 20210422 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: 21843207 BUSINESS ADDRESS: STREET 1: 141, UISADANG-DAERO STREET 2: YEONGDEUNGPO-GU CITY: SEOUL STATE: M5 ZIP: 07332 BUSINESS PHONE: 822-2073-2844 MAIL ADDRESS: STREET 1: 141, UISADANG-DAERO STREET 2: YEONGDEUNGPO-GU CITY: SEOUL STATE: M5 ZIP: 07332 6-K 1 d104161d6k.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 2021

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.

 

 

 

2021 First Quarter Preliminary Operating Results

On April 22, 2021, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first quarter of fiscal year 2021. 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, %)

    1Q 2021      4Q 2020      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2020      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      17,584,415        15,150,275        16.07        19,273,137        (8.76 ) 
   Cumulative      17,584,415        55,680,183        —          19,273,137        (8.76 ) 

Net operating profit

    Specified Quarter      1,747,185        769,893        126.94        1,039,119        68.14  
   Cumulative      1,747,185        4,615,992        —          1,039,119        68.14  

Profit before income tax

    Specified Quarter      1,786,497        795,156        124.67        1,019,396        75.25  
   Cumulative      1,786,497        4,761,632        —          1,019,396        75.25  

Profit for the period

    Specified Quarter      1,285,223        576,647        122.88        738,937        73.93  
   Cumulative      1,285,223        3,502,281        —          738,937        73.93  

Profit attributable to shareholders of the parent company

    Specified Quarter      1,270,078        577,228        120.03        729,454        74.11  
   Cumulative      1,270,078        3,455,151        —          729,454        74.11  

 

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, %)

    1Q 2021      4Q 2020      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2020      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      8,417,046        6,987,024        20.47        9,012,039        (6.60 ) 
   Cumulative      8,417,046        24,519,818        —          9,012,039        (6.60 ) 

Net operating profit

    Specified Quarter      951,445        503,510        88.96        832,604        14.27  
   Cumulative      951,445        3,151,137        —          832,604        14.27  

Profit before income tax

    Specified Quarter      971,327        553,395        75.52        797,381        21.81  
   Cumulative      971,327        3,131,823        —          797,381        21.81  

Profit for the period

    Specified Quarter      690,629        415,437        66.24        586,347        17.79  
   Cumulative      690,629        2,319,519        —          586,347        17.79  

Profit attributable to shareholders of the parent company

    Specified Quarter      688,555        415,817        65.59        586,347        17.43  
   Cumulative      688,555        2,298,195        —          586,347        17.43  

 

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, %)

    1Q 2021      4Q 2020      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2020     % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      2,965,343        2,142,810        38.39        5,245,386       (43.47 ) 
   Cumulative      2,965,343        10,055,866        —          5,245,386       (43.47 ) 

Net operating profit (loss)

    Specified Quarter      289,664        136,809        111.73        (20,808 )      *  
   Cumulative      289,664        578,796        —          (20,808 )      *  

Profit (Loss) before income tax

    Specified Quarter      296,770        118,142        151.20        (16,555 )      *  
   Cumulative      296,770        593,236        —          (16,555 )      *  

Profit (Loss) for the period

    Specified Quarter      222,480        88,701        150.82        (14,682 )      *  
   Cumulative      222,480        433,951        —          (14,682 )      *  

Profit (Loss) attributable to shareholders of the parent company

    Specified Quarter      222,473        88,693        150.83        (14,688 )      *  
   Cumulative      222,473        433,926        —          (14,688 )      *  

 

Notes:   

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 2021 first 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.

  

3) * indicates that a profit was recorded in the current period compared to a loss in the previous period.

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 22, 2021

      

By: /s/ Hwan-Ju Lee

      (Signature)
      Name: Hwan-Ju Lee
      Title: Senior Executive Vice President and Chief Finance Officer