6-K 1 d228900d6k.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 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 Third Quarter Preliminary Operating Results

On October 21, 2021, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the third 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, %)    3Q 2021      2Q 2021      % Change
Increase
(Q to Q)
     3Q 2020      % Change
Increase

(Y to Y)
 

Operating revenue

  Specified Quarter      16,472,963        12,241,667        34.56        10,533,000        56.39  
  Cumulative      46,299,046        29,826,082        —          40,529,908        14.23  

Net operating profit

  Specified Quarter      1,787,248        1,673,748        6.78        1,416,525        26.17  
  Cumulative      5,207,822        3,420,574        —          3,846,099        35.41  

Profit before income tax

  Specified Quarter      1,782,819        1,666,918        6.95        1,570,874        13.49  
  Cumulative      5,236,167        3,453,348        —          3,966,476        32.01  

Profit for the period

  Specified Quarter      1,305,413        1,207,423        8.12        1,194,220        9.31  
  Cumulative      3,797,996        2,492,583        —          2,925,634        29.82  

Profit attributable to shareholders of the parent company

  Specified Quarter      1,297,908        1,204,276        7.77        1,166,583        11.26  
  Cumulative      3,772,199        2,474,291        —          2,877,923        31.07  

 

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 2021      2Q 2021      % Change
Increase
(Q to Q)
     3Q 2020      % Change
Increase

(Y to Y)
 

Operating revenue

  Specified Quarter      8,319,248        4,673,682        78.00        4,000,617        107.95  
  Cumulative      21,409,978        13,090,730        —          17,532,794        22.11  

Net operating profit

  Specified Quarter      1,031,923        1,025,064        0.67        911,296        13.24  
  Cumulative      3,008,370        1,976,447        —          2,647,627        13.63  

Profit before income tax

  Specified Quarter      1,030,331        1,004,117        2.61        867,866        18.72  
  Cumulative      3,005,713        1,975,382        —          2,578,428        16.57  

Profit for the period

  Specified Quarter      771,391        737,617        4.58        646,804        19.26  
  Cumulative      2,199,575        1,428,184        —          1,904,082        15.52  

Profit attributable to shareholders of the parent company

  Specified Quarter      777,672        734,155        5.93        635,624        22.35  
  Cumulative      2,200,320        1,422,648        —          1,882,378        16.89  

 

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 2021      2Q 2021      % Change
Increase
(Q to Q)
     3Q 2020      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue

  Specified Quarter      2,197,748        1,759,062        24.94        1,466,448        49.87  
  Cumulative      6,923,518        4,725,770        —          7,913,056        (12.51

Net operating profit

  Specified Quarter      236,148        203,699        15.93        232,566        1.54  
  Cumulative      729,511        493,363        —          441,987        65.05  

Profit before income tax

  Specified Quarter      233,623        217,672        7.33        280,718        (16.78
  Cumulative      748,065        514,442        —          475,094        57.46  

Profit for the period

  Specified Quarter      170,237        154,731        10.02        208,448        (18.33
  Cumulative      547,448        377,211        —          345,250        58.57  

Profit attributable to shareholders of the parent company

  Specified Quarter      170,286        154,758        10.03        208,442        (18.31
  Cumulative      547,517        377,231        —          345,233        58.59  

 

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 2021 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 21, 2021

      By: /s/ Hwan-Ju Lee                                    
     

(Signature)

 

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