KB Financial Group, Inc.
In the news
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- Top three South Korean banking groups post robust 3Q profits Oct 30, 2017
- South Korean brokerage houses eye Vietnamese market Sep 28, 2017 See more articles on KB Financial Group, Inc.
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.
Business Summary
Financial Highlights
| Dec 2019 | KRW | USD |
| Revenue | 33,866.97B | 29,040.84M |
| Gross Profit | -- | -- |
| Operating income | 4,576.36B | 3,924.22M |
| Income before tax | 4,533.98B | 3,887.88M |
| Net income | 3,305.31B | 2,834.29M |
| EBITDA | -- | -- |
| Diluted EPS | 8,388.65 | 7.19 |
| Dividends Per Share | 2,210 | 1.89 |
| Total Assets | 520,249.70B | 449,867.88M |
| Total liabilities | 481,529.58B | 416,386.00M |
| Total equity | 38,134.71B | 32,975.67M |
| Operating cash flow | 4,146.19B | 3,555.34M |
| Currency in KRW | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 15,783.81B | 15,616.58B | 25,682.57B | 30,349.97B | 33,866.97B |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 2,048.25B | 1,714.36B | 4,095.44B | 4,322.80B | 4,576.36B |
| Income before tax | 1,961.59B | 2,347.81B | 4,138.42B | 4,301.53B | 4,533.98B |
| Net income | 1,698.31B | 2,143.74B | 3,311.43B | 3,061.19B | 3,305.31B |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 4,376 | 5,559 | 8,257 | 7,676 | 8,388.65 |
| Dividends Per Share | 980 | 1,250 | 1,920 | 1,920 | 2,210 |
| Total Assets | 330,694.06B | 376,823.30B | 438,106.98B | 481,146.47B | 520,249.70B |
| Total liabilities | 301,791.34B | 345,561.89B | 404,062.15B | 445,433.44B | 481,529.58B |
| Total equity | 28,680.62B | 30,998.04B | 34,038.68B | 35,703.91B | 38,134.71B |
| Operating cash flow | 4,731.78B | 6,823.19B | 3,014.12B | 10,033.18B | 4,146.19B |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 13,945.71M | 13,460.37M | 22,717.68M | 27,577.90M | 29,040.84M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 1,809.73M | 1,477.66M | 3,622.65M | 3,927.97M | 3,924.22M |
| Income before tax | 1,733.16M | 2,023.64M | 3,660.66M | 3,908.64M | 3,887.88M |
| Net income | 1,500.54M | 1,847.75M | 2,929.15M | 2,781.59M | 2,834.29M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 3.86 | 4.79 | 7.30 | 6.97 | 7.19 |
| Dividends Per Share | 0.86 | 1.07 | 1.69 | 1.74 | 1.89 |
| Total Assets | 282,029.80M | 311,991.45M | 409,235.40M | 431,212.10M | 449,867.88M |
| Total liabilities | 257,380.34M | 286,108.52M | 377,434.15M | 399,205.44M | 416,386.00M |
| Total equity | 24,460.03M | 25,664.87M | 31,795.51M | 31,998.49M | 32,975.67M |
| Operating cash flow | 4,180.74M | 5,881.09M | 2,666.16M | 9,116.78M | 3,555.34M |
Valuation Measures
| Dec 2019 | |
| PER | 5.63 |
| ROA | 0.66% |
| ROE | 8.95% |
| Operating margin | 13.51% |
| Profit margin | 9.75% |
Key executives
- Chairman & Chief Executive Officer: Jong-Kyoo Yoon
- Chief Financial Officer & Senior Executive VP: Ki-Hwan Kim
- Chief Information Technology Officer: Woo Yeul Lee
- Chief Information Technology Officer: Woo-Yeol Lee
- Managing Director & Compliance Officer: Chan-Il Park
Shareholders
- National Pension Service of Korea (9.9%)
- KB Financial Group, Inc. (5.0%)
- The Vanguard Group, Inc. (2.5%)
- BlackRock Fund Advisors (2.1%)
- Templeton Global Advisors Ltd. (1.4%)
- Fidelity Management & Research Co. LLC (1.3%)
- Hermes Investment Management Ltd. (1.3%)
- Lazard Asset Management LLC (1.0%)
- Norges Bank Investment Management (1.0%)
- Dimensional Fund Advisors LP (0.9%)
Contact Details
- Website:http://www.kbfng.com
- Address: 26 Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, 07331, South Korea
- Phone: +82.2.2073.7114
Related Companies
- Silver Investment 2nd Co., Ltd.
- KB Investments Holdings Ltd.
- KB 13th Securitization Specialty Co. Ltd.
- KB Savings Bank Co., Ltd.
- Wise Mobile First Securitization Specialty Co., Ltd.
- Yehansoul Mutual Savings Bank
- KB Kookmin Bank
- KB Kookmin Card Co., Ltd.
- KB 14th Securitization Specialty Co., Ltd.
- KB Wise Star CR REIT No.1 Co., Ltd.
- KB 9th ABS Speciality Co. Ltd.
- KB 8th ABS Speciality Co. Ltd.
- KB 1st Mortgage Loan Specialty Co. Ltd.
- KB 13th ABS Specialtiy Co., Ltd.
- KB 12th ABS Specialtiy Co. Ltd.
- KB 11th ABS Specialty Co. Ltd.
- KB 10th ABS Specialty Co. Ltd.
- Kamco Value Recreation 3rd ABS Specialty Co. Ltd.
- Eubora ABS Specialty Co. Ltd.
- KB Card Co., Ltd.
- Kb Financial Group, Inc. Employee Stock Ownership Association
- KB Credit Information Co. Ltd.
- KB Real Estate Trust Co., Ltd.
- Prudential Life Insurance Company of Korea Ltd.
- KB Data Systems Corp.
- KB Investment Co., Ltd.
- PT Bank Bukopin Tbk
- KB Capital Co., Ltd.
- KB Life Insurance Co., Ltd.
- KB Asset Management Co., Ltd.
Competitors
- ASIA CEMENT Co., Ltd.
- CLIO Cosmetics co., Ltd
- Redcap Tour Co., Ltd.
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Last Updated on 20 Oct, 2020
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