KB Financial Group
Fact Book 1Q 2024
Disclaimer | ||||
Financial Highlights | ||||
KB Financial Group | KB Kookmin Bank | KB Securities | KB Life Insurance | |
Condensed Income Statement | Condensed Income Statement | Condensed Income Statement | Condensed Income Statement | |
Condensed Balance Sheet | Condensed Balance Sheet | Condensed Balance Sheet | Condensed Balance Sheet | |
Interest Income / Spread / Margin | Interest Income / Spread / Margin | Key Indicators | Key Indicators | |
Fee and Commission Income | Fee and Commission Income | Premium Income | ||
Other Operating Income | Other Operating Income | KB Kookmin Card | Loss & Expense Ratios | |
Provision for Credit Losses | Provision for Credit Losses | Condensed Income Statement | APE | |
General & Administrative Expenses | General & Administrative Expenses | Condensed Balance Sheet | ||
Asset Quality | Loans / Deposits | Customers / Volume / Receivables | Other Subsidiaries | |
Capital Adequacy | Asset Quality | Asset Quality | Condensed Income Statement | |
Organizational Structure | Delinquency | Delinquency | Condensed Balance Sheet | |
Employees / Branches | Capital Adequacy | |||
Credit Ratings | Credit Ratings | KB Insurance | Contacts | |
Housing Price Index | Condensed Income Statement | |||
Condensed Balance Sheet | ||||
Key Indicators | ||||
Direct Premiums | ||||
Loss & Expense Ratios | ||||
Monthly Initial Premiums | ||||
Disclaimer
Disclaimer
Finanial Highlights
KB Financial Group
KB Kookmin Bank
KB Securities
KB Insurance KB Kookmin Card
KB Life Insurance
Other Subsidiaries Contacts
The consolidated financial information of KB Financial Group Inc. (the "Group") presented herein is based on the Korean International Financial Reporting Standards(K-IFRS). It is currently being audited by the Group's independent auditor, and accordingly, is subject to change.
The consolidated financial information presented herein is based on Korean IFRS9(K-IFRS9). Note that the financial results for years before 2017 contained herein have not been restated retrospectively.
The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of Korean IFRS17
(K-IFRS17), and the financial results for 2022 have been restated retrospectively for better comparison purposes. However, please note that the key financial ratios for 2022 have not been restated retrospectively.
From 2018, for better peer comparison purpose, the Group reclassified certain interest income out of Net Gain/Loss on Financial Assets at FVPL under Other Operating Profit to Interest Income under Net Interest Income. Note that beginning from the financial results for 2017 contained herein have been restated retrospectively.
As KB Insurance and KB Capital became wholly-owned subsidiaries of the Group on July 7, 2017, the financial results of KB Insurance and KB Capital have been fully consolidated in the Group's financial statements since 3Q17.
As Prudential Life Insurance became wholly-owned subsidiary of the Group as of August 31, 2020, the financial results have been fully consolidated in the Group's financial statements since September, 2020.
From 3Q21, the Group applied accounting policy in accordance the international Financial Reporting Interpretation Committee(IFRIC) agenda decision over K-IFRS No.1019(Employee benefits). However, please note that the financial information for the past period contained herein has not been restated retrospectively.
Former KB Life Insurance was merged with and into Prudential Life Insurance(the surviving entity) as of January 1, 2023, which had been renamed as "KB Life Insurance Co., Ltd." prior to the merger.
On June 30, 2023, KB Financial Group sold 100% of the shares of KB Credit Information, a former first-tier subsidiary of the Group, to KB Kookmin Card. Consequently, KB Credit Information became a second-tier subsidiary of the Group.
From 4Q23, the Group applied Variable Fee Approach Model in accordance with Financial Supervisory Service's guildelines on actuarial assumptions, and financial results from 1Q23 to 3Q23 contained herein have also been restated retrospectively.
Totals may not sum due to rounding.
KB Financial Group
Disclaimer
Financial Highlights
KB Financial Group
KB Kookmin Bank
KB Securities
KB Insurance
KB Kookmin Card
KB Life Insurance
Other Subsidiaries
Contacts
Financial Highlights
Financial Statements
(bn Won) | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) |
KB Financial Group | |||||||||
Total Assets | 670,166.0 | 682,678.2 | 713,722.7 | 688,664.8 | 691,435.7 | 706,317.7 | 716,439.8 | 715,739.1 | 732,240.3 |
Total Liabilities | 619,320.4 | 630,266.1 | 659,434.5 | 634,557.0 | 635,222.3 | 648,645.2 | 657,625.5 | 656,864.8 | 673,032.9 |
Total Equity | 50,845.6 | 52,412.1 | 54,288.2 | 54,107.8 | 56,213.4 | 57,672.5 | 58,814.3 | 58,873.3 | 59,207.3 |
Net Income | 1,471.5 | 1,214.5 | 1,360.0 | -114.6 | 1,510.3 | 1,504.6 | 1,337.1 | 211.4 | 1,063.2 |
Net Income (attributable to controlling interests) | 1,460.6 | 1,209.9 | 1,367.8 | 114.7 | 1,508.7 | 1,498.9 | 1,368.9 | 255.4 | 1,049.1 |
Total Asset including AUM2) | |||||||||
1,135,267.2 | 1,137,236.6 | 1,169,947.0 | 1,146,690.7 | 1,170,303.2 | 1,192,239.7 | 1,206,347.7 | 1,216,730.4 | 1,242,814.0 | |
(AUM) | 465,101.2 | 454,558.5 | 456,224.3 | 458,025.9 | 478,867.5 | 485,922.0 | 489,907.9 | 500,991.3 | 510,573.7 |
Total Assets by Subsidiaries | |||||||||
KB Kookmin Bank | 493,078.8 | 506,798.0 | 537,997.1 | 517,769.5 | 512,196.9 | 524,504.5 | 537,096.5 | 530,012.9 | 543,970.5 |
KB Securities | 62,691.0 | 61,001.5 | 58,461.7 | 53,824.2 | 62,243.4 | 63,012.6 | 60,076.2 | 61,267.0 | 62,950.5 |
KB Insurance | 34,967.4 | 34,850.1 | 34,994.4 | 34,743.3 | 35,516.7 | 35,349.6 | 35,398.4 | 37,729.7 | 37,403.9 |
KB Kookmin Card | 27,238.6 | 28,439.5 | 30,144.6 | 29,721.0 | 28,811.3 | 29,255.9 | 29,737.8 | 29,365.6 | 29,547.0 |
KB Life Insurance | 32,519.6 | 31,049.9 | 30,214.6 | 29,989.7 | 30,501.3 | 30,074.8 | 29,635.7 | 31,953.2 | 32,112.4 |
KB Asset Management | 338.6 | 334.6 | 388.5 | 369.5 | 322.7 | 316.2 | 342.5 | 377.9 | 337.6 |
KB Capital | 14,994.4 | 15,523.1 | 15,581.8 | 16,053.0 | 15,503.5 | 16,018.1 | 16,367.8 | 16,560.8 | 16,916.2 |
KB Real Estate Trust | 476.5 | 501.0 | 519.5 | 519.0 | 496.2 | 560.6 | 742.0 | 859.4 | 941.0 |
KB Savings Bank | 2,754.5 | 3,108.6 | 2,940.8 | 3,138.5 | 2,995.1 | 2,950.4 | 3,147.4 | 2,662.0 | 2,802.2 |
KB Investment | 1,203.4 | 1,229.1 | 1,299.5 | 1,378.6 | 1,387.1 | 1,435.8 | 1,546.3 | 1,544.8 | 1,524.5 |
KB Data Systems | 45.4 | 52.5 | 53.1 | 63.6 | 53.5 | 59.2 | 60.9 | 61.5 | 60.5 |
KB Credit Information | 27.9 | 28.6 | 29.6 | 42.2 | 42.8 | - | - | - | - |
Total Equity by Subsidiaries | |||||||||
KB Kookmin Bank | 32,430.0 | 32,688.4 | 33,336.9 | 33,723.3 | 34,037.2 | 34,958.5 | 35,956.9 | 36,548.7 | 35,519.8 |
KB Securities | 5,638.9 | 5,826.7 | 6,053.9 | 5,877.3 | 5,897.1 | 6,127.0 | 6,224.1 | 6,299.2 | 6,483.0 |
KB Insurance | 5,101.6 | 5,562.3 | 5,742.6 | 5,725.6 | 5,722.3 | 5,996.2 | 6,038.9 | 6,255.6 | 5,843.6 |
KB Kookmin Card | 4,441.3 | 4,588.4 | 4,711.1 | 4,722.8 | 4,596.9 | 4,703.1 | 4,791.2 | 4,819.8 | 4,791.3 |
KB Life Insurance | 3,586.7 | 3,785.9 | 3,952.0 | 3,817.3 | 3,922.5 | 4,088.6 | 4,329.7 | 4,130.0 | 3,632.7 |
KB Asset Management | 219.3 | 228.4 | 257.8 | 266.5 | 224.8 | 238.2 | 251.2 | 268.3 | 245.8 |
KB Capital | 1,997.0 | 2,051.5 | 2,096.9 | 2,106.2 | 2,148.1 | 2,195.9 | 2,241.9 | 2,260.0 | 2,315.6 |
KB Real Estate Trust | 352.6 | 371.9 | 392.6 | 405.5 | 389.3 | 405.9 | 419.8 | 286.1 | 239.1 |
KB Savings Bank | 269.4 | 277.5 | 283.5 | 284.0 | 273.0 | 272.8 | 261.5 | 193.8 | 205.0 |
KB Investment | 268.5 | 268.9 | 264.7 | 270.3 | 272.6 | 285.9 | 299.3 | 279.5 | 277.5 |
KB Data Systems | 18.4 | 19.8 | 19.6 | 23.1 | 22.9 | 25.1 | 25.7 | 20.9 | 21.4 |
KB Credit Information | 14.9 | 15.4 | 16.2 | 17.3 | 17.2 | - | - | - | - |
KB Financial Group | Financial Highlights | ||||||||||
(bn Won) | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) | ||
Net Income by Subsidiaries | |||||||||||
KB Kookmin Bank | 977.3 | 749.1 | 824.2 | 445.4 | 931.5 | 927.0 | 996.9 | 406.1 | 389.5 | ||
KB Securities | 114.3 | 67.7 | 121.7 | -115.9 | 140.6 | 109.0 | 111.5 | 28.5 | 198.0 | ||
KB Insurance | 201.9 | 324.3 | 173.7 | -142.7 | 253.8 | 271.4 | 155.1 | 72.6 | 292.2 | ||
KB Kookmin Card | 118.9 | 126.8 | 106.6 | 26.3 | 82.0 | 110.9 | 79.5 | 78.7 | 139.1 | ||
KB Life Insurance | 5.5 | -73.1 | 35.2 | -51.0 | 104.8 | 28.9 | 3.8 | -55.3 | 77.0 | ||
KB Asset Management | 11.8 | 9.5 | 28.6 | 9.4 | 18.0 | 13.6 | 12.7 | 17.2 | 18.6 | ||
KB Capital | 83.3 | 64.0 | 54.7 | 15.1 | 46.9 | 58.5 | 53.5 | 27.6 | 61.6 | ||
KB Real Estate Trust | 15.7 | 19.4 | 20.7 | 11.9 | 18.8 | 16.6 | 13.8 | -133.3 | -46.9 | ||
KB Savings Bank | 7.4 | 8.0 | 6.1 | 0.3 | -11.0 | -0.2 | -11.4 | -68.0 | 11.3 | ||
KB Investment | 3.0 | 0.4 | -4.2 | 5.6 | 2.3 | 13.3 | 13.4 | -19.8 | -2.0 | ||
KB Data Systems | -0.2 | 1.4 | -0.4 | 2.4 | 0.3 | 2.2 | 0.6 | -3.0 | 0.4 | ||
KB Credit Information | -1.5 | 0.6 | 0.7 | 0.7 | 0.1 | -0.6 | - | - | - |
- The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated
retrospectively for better comparison purposes. However, please note that the key financial ratios for 2022 have not been restated retrospectively.
- Sum of assets of consolidated financial statement and AUM.
- On June 30, 2023, KB Financial Group sold 100% of the shares of KB Credit Information to KB Kookmin Card, and KB Credit Information became a second-tier subsidiary of the Group. Accordingly, total assets, total liablities, and total equity of KB Credit Information have been fully consolidated to the consolidated financial statements of KB Kookmin Card as of June 30, 2023. Please note that KB Credit Information's net income contributable to KB Fianancial Group for 2023 is the amount for the six-month period ended before KB Financial Group's sale of the shares of KB Credit Information.
Key Financial Indicators
KB Financial Group | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) |
ROA (Quarterly) | 0.89% | 0.72% | 0.77% | N.A. | 0.89% | 0.86% | 0.75% | 0.12% | 0.59% |
ROA (Cumulative) | 0.89% | 0.81% | 0.79% | 0.57% | 0.89% | 0.87% | 0.83% | 0.65% | 0.59% |
ROE (Quarterly)1) | 13.00% | 10.36% | 11.36% | 0.94% | 12.50% | 12.01% | 10.61% | 1.95% | 8.15% |
ROE (Cumulative)1) | 13.00% | 11.68% | 11.57% | 8.83% | 12.50% | 12.25% | 11.68% | 9.18% | 8.15% |
Basic EPS (Won, Quarterly) | 3,691 | 3,032 | 3,422 | 190 | 3,782 | 3,757 | 3,428 | 540 | 2,627 |
Basic EPS (Won, Cumulative) | 3,691 | 6,722 | 10,144 | 10,334 | 3,782 | 7,558 | 11,004 | 11,580 | 2,627 |
BPS (Won) | 123,655 | 126,529 | 130,419 | 130,813 | 135,389 | 139,010 | 142,389 | 143,163 | 144,776 |
NIM (Quarterly) | 1.91% | 1.96% | 1.98% | 1.99% | 2.04% | 2.10% | 2.09% | 2.08% | 2.11% |
NIM (Cumulative) | 1.91% | 1.93% | 1.95% | 1.96% | 2.04% | 2.07% | 2.08% | 2.08% | 2.11% |
CIR (Quarterly) | 41.9% | 46.4% | 42.9% | 62.5% | 35.8% | 37.1% | 39.5% | 53.5% | 36.9% |
CIR (Cumulative) | 41.9% | 44.1% | 43.7% | 48.2% | 35.8% | 36.4% | 37.4% | 41.0% | 36.9% |
Credit Cost Ratio (Quarterly) | 0.15% | 0.31% | 0.27% | 0.97% | 0.63% | 0.56% | 0.38% | 1.13% | 0.38% |
Credit Cost Ratio (Cumulative) | 0.15% | 0.23% | 0.24% | 0.43% | 0.63% | 0.59% | 0.52% | 0.67% | 0.38% |
NPL Ratio | 0.31% | 0.32% | 0.32% | 0.34% | 0.43% | 0.44% | 0.48% | 0.57% | 0.63% |
NPL Coverage Ratio(New)2) | 217.7% | 222.4% | 219.7% | 216.3% | 196.2% | 200.5% | 180.4% | 174.6% | 158.7% |
NPL Coverage Ratio(Old)3) | 454.6% | 451.4% | 446.9% | 431.0% | 350.8% | 343.8% | 315.0% | 297.3% | 259.4% |
BIS Ratio | 15.92% | 15.63% | 15.45% | 16.16% | 16.84% | 16.99% | 16.79% | 16.73% | 16.54% |
CET 1 Ratio | 13.43% | 12.93% | 12.62% | 13.24% | 13.66% | 13.80% | 13.74% | 13.59% | 13.40% |
KB Financial Group | Financial Highlights | ||||||||||
Key Financial Indicators | |||||||||||
KB Kookmin Bank | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) | ||
ROA (Quarterly) | 0.81% | 0.60% | 0.61% | 0.16% | 0.73% | 0.71% | 0.72% | 0.26% | 0.28% | ||
ROA (Cumulative) | 0.81% | 0.70% | 0.67% | 0.54% | 0.73% | 0.72% | 0.72% | 0.60% | 0.28% | ||
ROE (Quarterly) | 12.21% | 9.29% | 9.97% | 5.28% | 11.13% | 10.81% | 11.24% | 4.47% | 4.37% | ||
ROE (Cumulative) | 12.21% | 10.73% | 10.45% | 9.12% | 11.13% | 10.97% | 11.05% | 9.34% | 4.37% | ||
NIM (Quarterly) | 1.66% | 1.73% | 1.76% | 1.77% | 1.79% | 1.85% | 1.84% | 1.83% | 1.87% | ||
NIM (Cumulative) | 1.66% | 1.69% | 1.72% | 1.73% | 1.79% | 1.82% | 1.83% | 1.83% | 1.87% | ||
CIR (Quarterly) | 45.5% | 48.1% | 46.3% | 53.6% | 38.3% | 40.2% | 41.4% | 53.3% | 40.3% | ||
CIR (Cumulative) | 45.5% | 46.8% | 46.6% | 48.7% | 38.3% | 39.3% | 40.0% | 43.2% | 40.3% | ||
NPL Ratio | 0.20% | 0.19% | 0.19% | 0.20% | 0.23% | 0.25% | 0.26% | 0.31% | 0.33% | ||
NPL Coverage Ratio(New)2) | 231.2% | 254.6% | 252.2% | 259.4% | 263.9% | 253.9% | 227.7% | 225.6% | 208.2% | ||
NPL Coverage Ratio(Old)3) | 574.4% | 602.7% | 591.8% | 597.5% | 519.1% | 466.8% | 424.4% | 404.7% | 367.3% | ||
BIS Ratio | 17.70% | 17.43% | 16.83% | 17.46% | 18.53% | 18.45% | 18.36% | 18.08% | 17.31% | ||
CET 1 Ratio | 14.97% | 14.49% | 13.96% | 14.50% | 15.29% | 15.26% | 15.26% | 14.91% | 14.34% | ||
Loan to Deposit Ratio4) | 98.8% | 99.2% | 99.2% | 95.6% | 96.3% | 96.8% | 97.3% | 98.8% | 97.0% |
- Common shares basis, eliminating the effects of supplementary capital.
- Based on new formula in accordance with FSS guideline: Loan loss reserves / NPL (i.e. not including reserves for credit losses).
- Including reserves for credit losses.
- Based on new formula in accordance with FSS guideline from 2020.
- Ratios for periods starting from January 1, 2023 presented herein are based on K-IFRS 1117(Insurance Contracts).
KB Financial Group | Group Condensed Income Statement |
Disclaimer
Finanial Highlights
KB Financial Group
Condensed Income Statement
Condensed Balance Sheet Interest Income / Spread / Margin Fee and Commission Income Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality
Capital Adequacy Organizational Structure Employees / Branches Credit Ratings
KB Kookmin Bank
KB Securities
KB Insurance
KB Kookmin Card
KB Life Insurance
Other Subsidiaries
Contacts
(bn Won) | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) | |
Net interest income | 2,651.5 | 2,821.3 | 2,928.0 | 3,114.5 | 2,823.9 | 3,009.8 | 3,124.6 | 3,183.4 | 3,151.5 | |
Net fee and commission income | 957.3 | 934.5 | 872.7 | 750.4 | 914.0 | 951.4 | 901.4 | 906.7 | 990.1 | |
Net other operating income(expenses) | -71.2 | -410.5 | -214.7 | -553.2 | 636.6 | 335.9 | -66.2 | -492.4 | 270.4 | |
Gross operating income | 3,537.6 | 3,345.3 | 3,586.0 | 3,311.7 | 4,374.5 | 4,297.1 | 3,959.8 | 3,597.7 | 4,412.0 | |
General & administrative expenses | 1,481.4 | 1,552.8 | 1,539.3 | 2,070.2 | 1,566.3 | 1,592.9 | 1,564.7 | 1,923.5 | 1,628.2 | |
Operating profit before provision for credit losses | 2,056.2 | 1,792.5 | 2,046.7 | 1,241.5 | 2,808.2 | 2,704.2 | 2,395.1 | 1,674.2 | 2,783.8 | |
Provision for credit losses | 145.8 | 329.8 | 312.8 | 1,059.3 | 668.2 | 651.4 | 448.6 | 1,378.2 | 428.4 | |
Net operating profit | 1,910.4 | 1,462.7 | 1,733.9 | 182.2 | 2,140.0 | 2,052.8 | 1,946.5 | 296.0 | 2,355.4 | |
Net non-operating profit(loss) | 9.3 | 192.6 | 113.9 | -155.2 | -96.2 | -92.3 | -43.4 | -33.0 | -948.0 | |
Profit before income tax | 1,919.7 | 1,655.3 | 1,847.8 | 27.0 | 2,043.8 | 1,960.5 | 1,903.1 | 263.0 | 1,407.4 | |
Income tax expense | 448.2 | 440.8 | 487.8 | 141.6 | 533.5 | 455.9 | 566.0 | 51.6 | 344.2 | |
Profit for the period | 1,471.5 | 1,214.5 | 1,360.0 | -114.6 | 1,510.3 | 1,504.6 | 1,337.1 | 211.4 | 1,063.2 | |
Profit attibutable to non-controlling interests | 10.9 | 4.6 | -7.8 | -229.3 | 1.6 | 5.7 | -31.8 | -44.0 | 14.1 | |
Profit attributable to shareholders of the parent company | 1,460.6 | 1,209.9 | 1,367.8 | 114.7 | 1,508.7 | 1,498.9 | 1,368.9 | 255.4 | 1,049.1 |
- The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated
retrospectively for better comparison purposes.
KB Financial Group | Group Condensed Balance Sheet |
Disclaimer
Finanial Highlights
KB Financial Group
Condensed Income Statement
Condensed Balance Sheet
Interest Income / Spread / Margin Fee and Commission Income Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality
Capital Adequacy Organizational Structure Employees / Branches Credit Ratings
KB Kookmin Bank
KB Securities
KB Insurance
KB Kookmin Card
KB Life Insurance
Other Subsidiaries
Contacts
(bn Won) | Mar. 22 | Jun. 22 | Sep. 22 | Dec. 22 | Mar. 23 | Jun. 23 | Sep. 23 | Dec. 23 | Mar. 24(E) |
Total Assets | 670,166.0 | 682,678.2 | 713,722.7 | 688,664.8 | 691,435.7 | 706,317.7 | 716,439.8 | 715,739.1 | 732,240.3 |
Cash and due from financial institutions | 29,485.8 | 32,303.3 | 27,904.7 | 32,474.7 | 28,955.1 | 31,610.9 | 31,946.1 | 29,836.3 | 30,509.3 |
Financial assets at fair value through profit or loss | 73,546.2 | 70,523.6 | 66,764.3 | 70,092.5 | 70,094.7 | 74,604.6 | 72,864.0 | 77,038.3 | 77,356.8 |
Derivative financial assets | 4,987.9 | 9,419.2 | 17,820.0 | 9,446.6 | 8,588.7 | 8,195.3 | 8,896.6 | 6,157.6 | 7,260.4 |
Financial investments | 107,874.7 | 105,543.3 | 111,049.7 | 115,452.7 | 115,454.1 | 116,969.6 | 118,516.0 | 122,199.5 | 124,966.7 |
Loans | 422,025.5 | 431,193.4 | 453,435.0 | 433,038.9 | 432,189.4 | 434,953.6 | 441,720.7 | 444,805.3 | 448,194.4 |
(Reserves for loan losses) | -3,593.6 | -3,590.3 | -3,719.6 | -4,161.0 | -4,667.2 | -4,812.9 | -4,913.3 | -5,462.8 | -5,548.9 |
Investments in associates | 475.1 | 522.9 | 698.1 | 682.7 | 660.8 | 666.9 | 662.7 | 722.2 | 700.6 |
Insurance contract assets | 20.4 | 51.0 | 78.6 | 83.3 | 152.5 | 189.2 | 215.9 | 229.6 | 267.2 |
Reinsurance contract assets | 1,563.8 | 1,503.1 | 1,699.6 | 1,496.0 | 1,511.2 | 1,529.4 | 1,686.9 | 1,656.1 | 1,554.2 |
Tangible assets | 7,962.4 | 8,390.1 | 7,942.2 | 8,351.6 | 8,482.6 | 8,690.5 | 8,781.0 | 9,263.7 | 9,392.7 |
Goodwill & Intangible assets | 1,784.9 | 1,822.1 | 1,931.2 | 1,858.5 | 1,984.6 | 1,956.5 | 1,986.1 | 1,950.9 | 1,961.0 |
Current income tax assets | 183.3 | 206.6 | 241.7 | 204.7 | 219.2 | 243.0 | 262.9 | 244.3 | 274.9 |
Deferred income tax assets | 296.2 | 103.3 | 307.4 | 188.4 | 200.7 | 271.8 | 245.3 | 274.2 | 335.1 |
Other assets | 19,959.8 | 21,096.3 | 23,850.2 | 15,294.2 | 22,942.1 | 26,436.4 | 28,655.6 | 21,361.1 | 29,467.0 |
Total Liabilities | 619,320.4 | 630,266.1 | 659,434.5 | 634,557.0 | 635,222.3 | 648,645.2 | 657,625.5 | 656,864.8 | 673,032.9 |
Financial liabilities at fair value through profit or loss | 13,125.8 | 12,779.3 | 12,262.1 | 12,271.6 | 11,842.2 | 12,044.4 | 10,882.7 | 10,920.4 | 11,267.1 |
Deposits | 379,436.2 | 380,424.3 | 395,493.0 | 393,928.9 | 387,230.5 | 396,081.6 | 398,943.6 | 406,512.4 | 418,070.6 |
Debts | 60,336.1 | 65,633.4 | 69,205.1 | 71,717.4 | 67,904.5 | 69,262.0 | 70,352.8 | 69,583.6 | 62,993.6 |
Debentures | 68,840.6 | 71,087.3 | 72,363.3 | 68,698.2 | 68,546.6 | 68,260.6 | 68,608.8 | 69,176.7 | 70,002.9 |
Insurance contract liabilities | 50,762.2 | 47,465.7 | 45,571.1 | 45,969.4 | 47,794.7 | 46,884.7 | 45,908.6 | 50,308.6 | 50,704.3 |
Reinsurance contract liabilities | 39.3 | 37.9 | 36.9 | 31.7 | 34.2 | 33.8 | 32.2 | 36.0 | 37.4 |
Derivative financial liabilities | 5,317.1 | 10,046.2 | 19,069.8 | 9,509.8 | 8,516.4 | 7,999.8 | 8,976.1 | 6,210.6 | 7,236.6 |
Net defined benefit liabilities | 266.5 | 350.4 | 414.8 | 85.7 | 88.8 | 112.4 | 115.6 | 81.9 | 72.9 |
Provisions | 778.3 | 832.8 | 852.4 | 933.7 | 942.0 | 978.3 | 972.7 | 1,444.4 | 2,062.0 |
Accrued expenses payables | 3,311.9 | 3,602.7 | 4,232.8 | 4,759.3 | 5,408.1 | 6,408.8 | 7,295.7 | 6,535.0 | 6,341.2 |
Other liabilities | 37,106.4 | 38,006.1 | 39,933.2 | 26,651.3 | 36,914.3 | 40,578.8 | 45,536.7 | 36,055.2 | 44,244.3 |
Total Equity | 50,845.6 | 52,412.1 | 54,288.2 | 54,107.8 | 56,213.4 | 57,672.5 | 58,814.3 | 58,873.3 | 59,207.4 |
Share capital | 2,090.6 | 2,090.6 | 2,090.6 | 2,090.6 | 2,090.6 | 2,090.6 | 2,090.6 | 2,090.6 | 2,090.6 |
Hybrid financial instrument | 3,436.8 | 3,935.6 | 4,434.3 | 4,434.3 | 5,032.8 | 5,032.8 | 5,032.8 | 5,032.8 | 5,431.9 |
Capital surplus | 16,940.2 | 16,940.8 | 16,940.7 | 16,940.7 | 16,940.7 | 16,649.2 | 16,643.6 | 16,647.9 | 16,639.9 |
Accumulated other comprehensive income | 1,627.4 | 1,298.7 | 1,043.9 | 1,249.9 | 1,724.1 | 1,840.6 | 2,032.6 | 2,295.1 | 1,531.4 |
Retained earnings | 26,856.2 | 27,842.6 | 29,073.6 | 28,948.4 | 29,850.9 | 30,890.7 | 32,015.6 | 32,029.2 | 32,439.1 |
Treasury shares | -986.2 | -986.2 | -836.2 | -836.2 | -1,107.9 | -865.8 | -967.8 | -1,165.8 | -996.8 |
Non-controlling interest | 880.6 | 1,290.0 | 1,541.3 | 1,280.1 | 1,682.2 | 2,034.4 | 1,966.9 | 1,943.5 | 2,071.3 |
- The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated retrospectively for better comparison purposes.
KB Financial Group
Disclaimer
Finanial Highlights
KB Financial Group
Condensed Income Statement
Condensed Balance Sheet
Interest Income / Spread / Margin
Fee and Commission Income Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality
Capital Adequacy Organizational Structure Employees / Branches Credit Ratings
KB Kookmin Bank
KB Securities
KB Insurance
KB Kookmin Card
KB Life Insurance
Other Subsidiaries
Contacts
Group Interest Income / Spread / Margin (Bank+Credit Card)
Group Interest Income
(bn Won) | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) |
Interest Income | 4,306.3 | 4,693.5 | 5,373.7 | 6,414.1 | 6,866.6 | 7,130.6 | 7,413.4 | 7,734.5 | 7,614.0 |
Due from financial institutions | 21.6 | 27.9 | 45.6 | 74.0 | 76.4 | 88.7 | 88.6 | 99.8 | 94.4 |
Financial investments | 641.3 | 703.1 | 813.0 | 1,044.9 | 1,096.9 | 1,142.2 | 1,213.7 | 1,297.6 | 1,303.7 |
Loans | 3,558.8 | 3,876.2 | 4,430.2 | 5,183.4 | 5,562.5 | 5,774.5 | 5,977.9 | 6,175.9 | 6,056.7 |
Insurance contract liabilities interest | 5.0 | 4.2 | 3.9 | 3.6 | 5.5 | 5.8 | 5.9 | 6.8 | 8.3 |
Others | 79.6 | 82.1 | 81.0 | 108.2 | 125.3 | 119.4 | 127.3 | 154.4 | 150.9 |
Interest Expense | 1,654.8 | 1,872.2 | 2,445.7 | 3,299.6 | 4,042.7 | 4,120.8 | 4,288.8 | 4,551.1 | 4,462.5 |
Deposits | 731.3 | 844.3 | 1,178.7 | 1,883.1 | 2,342.9 | 2,423.2 | 2,554.6 | 2,732.1 | 2,631.8 |
Debts & debentures | 504.5 | 595.1 | 795.4 | 1,037.2 | 1,140.1 | 1,176.6 | 1,221.8 | 1,287.8 | 1,261.9 |
Insurance contract liabilities interest | 384.1 | 391.7 | 412.4 | 307.4 | 402.8 | 392.5 | 385.3 | 396.1 | 396.0 |
Others | 34.9 | 41.1 | 59.2 | 71.9 | 156.9 | 128.5 | 127.1 | 135.1 | 172.8 |
Net Interest Income | 2,651.5 | 2,821.3 | 2,928.0 | 3,114.5 | 2,823.9 | 3,009.8 | 3,124.6 | 3,183.4 | 3,151.5 |
- The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated retrospectively for better comparison purposes.
Group Net Interest Margin(NIM)1)
1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) | |
NIM (Quarterly) | 1.91% | 1.96% | 1.98% | 1.99% | 2.04% | 2.10% | 2.09% | 2.08% | 2.11% |
NIM (Cumulative) | 1.91% | 1.93% | 1.95% | 1.96% | 2.04% | 2.07% | 2.08% | 2.08% | 2.11% |
1) Bank NIM+ Card NIM(excluding credit card merchant fees).
Interest Spread / Net Interest Margin(NIM)1) excluding credit card merchant fees
(bn Won) | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) |
Interest earning assets | 445,481.0 | 452,097.3 | 464,495.7 | 481,921.8 | 469,207.7 | 468,190.1 | 474,893.6 | 485,193.9 | 487,089.2 |
Interest earned on the assets2) | 3,102.3 | 3,405.6 | 3,990.1 | 4,913.7 | 5,333.2 | 5,536.6 | 5,752.1 | 5,995.1 | 5,921.5 |
Yield | 2.82% | 3.02% | 3.41% | 4.05% | 4.61% | 4.74% | 4.81% | 4.90% | 4.89% |
Interest bearing liabilities | 434,048.5 | 442,832.5 | 454,801.5 | 471,665.9 | 456,034.8 | 454,524.7 | 461,122.6 | 470,606.1 | 473,544.4 |
Interest paid on the liabilities3) | 1,008.4 | 1,201.5 | 1,673.7 | 2,495.7 | 2,972.4 | 3,080.9 | 3,251.3 | 3,446.0 | 3,360.3 |
Yield | 0.94% | 1.09% | 1.46% | 2.10% | 2.64% | 2.72% | 2.80% | 2.91% | 2.85% |
Interest spread | 1.88% | 1.93% | 1.95% | 1.95% | 1.97% | 2.02% | 2.01% | 2.00% | 2.04% |
Net Interest Margin | 1.91% | 1.96% | 1.98% | 1.99% | 2.04% | 2.10% | 2.09% | 2.08% | 2.11% |
- Bank NIM + Card NIM.
- Interest income - credit guarantee fee.
- Interest expense + deposit insurance fee.
KB Financial Group | Group Interest Income / Spread / Margin | (Bank+Credit Card) | |||||||||
Interest Spread / Net Interest Margin(NIM)1) including credit card merchant fees | |||||||||||
(bn Won) | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) | ||
Interest earning assets | 449,770.9 | 456,765.2 | 469,356.6 | 486,910.3 | 473,985.4 | 473,015.8 | 479,792.8 | 490,215.8 | 491,992.9 | ||
Interest earned on the assets2) | 3,503.0 | 3,834.3 | 4,426.8 | 5,350.9 | 5,777.7 | 5,980.8 | 6,198.8 | 6,469.4 | 6,381.5 | ||
Yield | 3.16% | 3.37% | 3.74% | 4.36% | 4.94% | 5.07% | 5.13% | 5.24% | 5.22% | ||
Interest bearing liabilities | 434,048.5 | 442,832.5 | 454,801.5 | 471,665.9 | 456,034.8 | 454,524.7 | 461,122.6 | 470,606.1 | 473,544.4 | ||
Interest paid on the liabilities3) | 1,008.4 | 1,201.5 | 1,673.7 | 2,495.7 | 2,972.4 | 3,080.9 | 3,251.3 | 3,446.0 | 3,360.2 | ||
Yield | 0.94% | 1.09% | 1.46% | 2.10% | 2.64% | 2.72% | 2.80% | 2.91% | 2.85% | ||
Interest spread | 2.22% | 2.28% | 2.28% | 2.26% | 2.30% | 2.35% | 2.33% | 2.33% | 2.36% | ||
Net Interest Margin | 2.25% | 2.31% | 2.33% | 2.33% | 2.40% | 2.46% | 2.44% | 2.45% | 2.47% | ||
- Bank NIM + Card NIM.
- Interest income - credit guarantee fee.
- Interest expense + deposit insurance fee.
KB Financial Group | Group Fee and Commission Income |
Disclaimer
Finanial Highlights
KB Financial Group
Condensed Income Statement
Condensed Balance Sheet
Interest Income / Spread / Margin
Fee and Commission Income
Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality
Capital Adequacy Organizational Structure Employees / Branches Credit Ratings
KB Kookmin Bank
KB Securities
KB Insurance
KB Kookmin Card
KB Life Insurance
Other Subsidiaries
Contacts
(bn Won) | 1Q22 | 2Q22 | 3Q22 | 4Q22 | 1Q23 | 2Q23 | 3Q23 | 4Q23 | 1Q24(E) | |
Trust Fee | 125.5 | 114.9 | 119.4 | 108.0 | 121.8 | 132.7 | 129.2 | 124.3 | 103.0 | |
Fee and Commission | 831.8 | 819.6 | 753.3 | 642.4 | 792.2 | 818.7 | 772.2 | 782.4 | 887.1 | |
Fees from credit cards | 175.4 | 190.5 | 161.2 | 149.3 | 195.1 | 173.5 | 170.1 | 198.6 | 214.1 | |
Guarantee fees | 15.1 | 18.2 | 16.0 | 17.5 | 15.7 | 18.8 | 20.3 | 22.5 | 22.3 | |
Other commissions in Won | 591.7 | 556.7 | 524.6 | 425.4 | 529.1 | 571.9 | 529.1 | 516.8 | 597.8 | |
Commissions received as agency | 43.9 | 46.9 | 72.0 | 76.4 | 52.6 | 39.6 | 39.1 | 40.5 | 48.5 | |
Commissions received on represent securities | 31.8 | 34.9 | 32.7 | 25.4 | 30.2 | 28.9 | 28.5 | 25.9 | 28.8 | |
Commissions received on banking business | 44.2 | 45.5 | 45.8 | 45.2 | 45.9 | 45.3 | 44.9 | 45.7 | 47.5 | |
Commissions received on securities business | 218.5 | 181.2 | 125.1 | 103.6 | 137.7 | 202.3 | 180.3 | 136.1 | 174.5 | |
Others | 253.3 | 248.2 | 249.0 | 174.8 | 262.7 | 255.8 | 236.3 | 268.6 | 298.5 | |
Other commissions in foreign currency | 49.6 | 54.2 | 51.5 | 50.2 | 52.3 | 54.5 | 52.7 | 44.5 | 52.9 | |
Net Fee and Commission Income | 957.3 | 934.5 | 872.7 | 750.4 | 914.0 | 951.4 | 901.4 | 906.7 | 990.1 | |
- The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated retrospectively for better comparison purposes.
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KB Financial Group Inc. published this content on 25 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2024 07:14:19 UTC.