Asia300

KB Financial Group, Inc.

South Korea

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Feb 22, 2018
Prev close: 64,900
Feb 22, 2018
Market cap:
Market cap(USD):
27,135.44B
25,026.91M
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 2017

  • Local currency
  • US Dollar
Revenue 39,229.26B
Gross profit --
Operating income 39,229.26B
Income before tax 4,139.1B
Net income 3,311.92B
EBITDA --
Diluted EPS --
Dividends per share 1,920
Total assets 436,785.60B
Total liabilities 402,740.28B
Total equity 34,045.31B
Operating cash flow --

Currency in KRW

Revenue 34,700.49M
Gross profit --
Operating income 34,700.49M
Income before tax 3,661.26M
Net income 2,929.58M
EBITDA --
Diluted EPS --
Dividends per share 1.69
Total assets 408,001.11M
Total liabilities 376,199.40M
Total equity 31,801.70M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER 8.00
ROA 0.81%
ROE 10.18%
Operating margin 100%
Profit margin 8.44%

Key executive

  • Chairman & Chief Executive Officer: Jong-Kyoo Yoon
  • Chief Financial Officer & Managing Director: Lee Jae Keun
  • Head-IT, Executive Board member & VP: Gi-Heon Kim
  • President-Executive Board: Ok Chan Kim
  • Senior MD & Head-Information Security Department: Young-Tae Park

Share holders

  • National Pension Service of Korea(9.6%)
  • KB Financial Group, Inc.(4.0%)
  • Capital Research & Management Co. (Global Investors)(3.2%)
  • Templeton Global Advisors Ltd.(2.9%)
  • POSCO(2.7%)
  • Orbis Investment Management Ltd.(2.1%)
  • BlackRock Fund Advisors(2.1%)
  • The Vanguard Group, Inc.(2.0%)
  • Capital Research & Management Co. (World Investors)(1.4%)
  • FIL Investment Advisors (UK) Ltd.(1.0%)

Address

  • Website: http://www.kbfng.com
  • Address: 84 Namdaemun-ro, Jung-gu, Seoul, 04534, South Korea
  • Phone: +82.2.2073.7114

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