6-K 1 d142276d6k.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 2022

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.

 

 

 

2022 First Quarter Preliminary Operating Results

On April 22, 2022, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first quarter of fiscal year 2022. 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 2022      4Q 2021      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2021      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      20,662,441        12,618,343        63.75        17,584,415        17.50  
   Cumulative      20,662,441        58,917,647        —          17,584,415        17.50  

Net operating profit

    Specified Quarter      1,901,839        889,540        113.80        1,746,826        8.87  
   Cumulative      1,901,839        6,097,617        —          1,746,826        8.87  

Profit before income tax

    Specified Quarter      1,909,404        845,184        125.92        1,786,430        6.88  
   Cumulative      1,909,404        6,081,606        —          1,786,430        6.88  

Profit for the period

    Specified Quarter      1,464,119        586,130        149.79        1,285,160        13.93  
   Cumulative      1,464,119        4,384,381        —          1,285,160        13.93  

Profit attributable to shareholders of the parent company

    Specified Quarter      1,453,157        637,128        128.08        1,270,015        14.42  
   Cumulative      1,453,157        4,409,543        —          1,270,015        14.42  

 

Note:    1)    “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)    KB Financial Group adopted accounting policies to reflect the application of K-IFRS 1019 (Employee Benefits) from the third quarter of fiscal year 2021. However, please note the figures for the periods prior to the third quarter of fiscal year 2021 have not been restated retrospectively.

  2.

Preliminary Operating Results of Kookmin Bank (Consolidated)

 

(Won in millions, %)

    1Q 2022      4Q 2021      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2021      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      9,929,905        5,127,017        93.68        8,417,048        17.97  
   Cumulative      9,929,905        26,536,995        —          8,417,048        17.97  

Net operating profit

    Specified Quarter      1,211,696        505,623        139.64        951,383        27.36  
   Cumulative      1,211,696        3,513,993        —          951,383        27.36  

Profit before income tax

    Specified Quarter      1,215,441        485,831        150.18        971,265        25.14  
   Cumulative      1,215,441        3,491,544        —          971,265        25.14  

Profit for the period

    Specified Quarter      974,526        338,454        187.93        690,567        41.12  
   Cumulative      974,526        2,538,029        —          690,567        41.12  

Profit attributable to shareholders of the parent company

    Specified Quarter      977,275        390,444        150.30        688,493        41.94  
   Cumulative      977,275        2,590,764        —          688,493        41.94  

 

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 2022      4Q 2021      % Change
Increase
(Decrease)
(Q to Q)		      1Q 2021      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      4,529,216        1,626,032        178.54        2,966,708        52.67  
   Cumulative      4,529,216        8,549,550        —          2,966,708        52.67  

Net operating profit

    Specified Quarter      151,113        91,763        64.68        289,664        (47.83 ) 
   Cumulative      151,113        821,274        —          289,664        (47.83 ) 

Profit before income tax

    Specified Quarter      161,967        69,979        131.45        296,770        (45.42 ) 
   Cumulative      161,967        818,044        —          296,770        (45.42 ) 

Profit for the period

    Specified Quarter      115,910        52,843        119.35        222,480        (47.90 ) 
   Cumulative      115,910        600,291        —          222,480        (47.90 ) 

Profit attributable to shareholders of the parent company

    Specified Quarter      115,715        52,922        118.65        222,473        (47.99 ) 
   Cumulative      115,715        600,439        —          222,473        (47.99 ) 

 

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 2022 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.

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, 2022       By: /s/ Scott Y. H. Seo
      (Signature)
      Name: Scott Y. H. Seo
      Title: Senior Managing Director and Chief Finance Officer