Asia300

KB Financial Group, Inc.

South Korea

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 26, 2017
Prev close: 54,500
May 26, 2017
Market cap:
Market cap(USD):
22,787.1B
20,331.1M
Shares: 418.11M

Currency in KRW

Company profile

Market(Ticker): KRX(105560)
Sector:
Industry:
Finance
Regional Banks
Full time employees: --

Business summary

KB Financial Group, Inc. is a holding company that engages in providing financial services through its subsidiaries. It operates through the following segments: Corporate Banking, Retail Banking, Other Banking Services, Credit Card, Life Insurance, Investment and Securities business. The Corporate Banking business segment provides services such as loans, overdrafts, deposits, credit facilities and other foreign currency activities. The Retail Banking business segment offers services such as private customer current accounts, savings, deposits, consumer loans and mortgage loans. The Other Banking business segment provides services relating to banking business besides corporate banking and retail banking services. The Credit Card business segment offers services such as domestic as well as overseas credit and debit card operations. The Investment and Securities business segment provides services such as investment banking and brokerage. The Life Insurance business segment provides products such as life insurance and wealth management. The company was founded on September 29, 2008 and is headquartered in Seoul, South Korea.

Company background

KB Financial Group is a major player in South Korea's financial services sector. The holding company presides over KB Kookmin Bank, KB Kookmin Card, KB Investment & Securities and KB Life Insurance. As of the end of December 2014, the consolidated total assets of KB Financial Group ranked alongside those of South Korea's top financial holding companies.

KB Kookmin Bank was formed over time through the merger of a number of other major South Korean financial institutions, especially in 1998 and 2001. It shifted to the financial holding company system in 2008. In terms of assets, KB Financial Group ranks alongside the holding companies of other major institutions such as Shinhan Financial Group and Hana Financial Group. The group was the latest in reorganizing itself into a holding company structure.

KB Financial Group has operations in Japan, the U.S. and Britain as well as in China, India and Southeast Asian nations such as Vietnam. It is expanding its overseas network as corporate clients set up shop abroad. It aims to further broaden overseas operations as it lags behind Hana and other rivals in this regard.

As the South Korean economy remains weak, the Bank of Korea, the central bank, has brought down its benchmark interest rate to a record low of 1.5%. Against this backdrop, KB Financial is faced with the need to create a new earnings model in the business environment, in which new payment settlement systems based on fintech and other information technologies, for example, are expected to catch on.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 15,616.58B
Gross profit --
Operating income 1,714.36B
Income before tax 2,347.81B
Net income 2,143.74B
EBITDA --
Diluted EPS 5,559
Dividends per share 1,250
Total assets 376,823.3B
Total liabilities 345,561.89B
Total equity 30,998.04B
Operating cash flow 6,823.19B

Currency in KRW

Revenue 13,460.37M
Gross profit --
Operating income 1,477.66M
Income before tax 2,023.64M
Net income 1,847.75M
EBITDA --
Diluted EPS 4.79
Dividends per share 1.07
Total assets 311,991.45M
Total liabilities 286,108.52M
Total equity 25,664.87M
Operating cash flow 5,881.09M

Currency in USD

Valuation measures

Dec 2016

PER 7.65
ROA 0.60%
ROE 7.18%
Operating margin 10.97%
Profit margin 13.72%

Key executive

  • Chairman & Chief Executive Officer: Jong-Kyoo Yoon
  • President & Chief Operating Officer: Ok Chan Kim
  • Chief Financial Officer & Senior Managing Director: Jungsoo Huh
  • MD & Head-Research Institute: Kyung-Yup Cho
  • Senior MD & Head-Information Security Department: Young-Tae Park

Share holders

  • National Pension Service of Korea(9.7%)
  • KB Financial Group, Inc.(5.1%)
  • Templeton Global Advisors Ltd.(2.9%)
  • POSCO(2.7%)
  • Orbis Investment Management Ltd.(2.1%)
  • The Vanguard Group, Inc.(1.8%)
  • BlackRock Fund Advisors(1.7%)
  • Lazard Asset Management LLC(1.1%)
  • Fidelity Management & Research Co.(1.0%)
  • Norges Bank Investment Management(0.9%)

Address

  • Website: http://www.kbfng.com
  • Address: 26, Gukjegeumyung-ro, 8-gil, Seoul, 150-758, South Korea
  • Phone: +82.2.2073.7114

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