6-K 1 d67772d6k.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 July 2021

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.

 

 

 

2021 First Half Preliminary Operating Results

On July 22, 2021, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first half of fiscal year 2021. 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, %)

    2Q 2021      1Q 2021      % Change
Increase
(Decrease)
(Q to Q)		      2Q 2020      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      12,241,668        17,584,415        (30.38 )       10,723,771        14.15  
   Cumulative      29,826,083        17,584,415        —          29,996,908        (0.57 ) 

Net operating profit

    Specified Quarter      1,673,748        1,746,826        (4.18 )       1,390,455        20.37  
   Cumulative      3,420,574        1,746,826        —          2,429,574        40.79  

Profit before income tax

    Specified Quarter      1,666,918        1,786,430        (6.69 )       1,376,206        21.12  
   Cumulative      3,453,348        1,786,430        —          2,395,602        44.15  

Profit for the period

    Specified Quarter      1,207,423        1,285,160        (6.05 )       992,477        21.66  
   Cumulative      2,492,583        1,285,160        —          1,731,414        43.96  

Profit attributable to shareholders of the parent company

    Specified Quarter      1,204,276        1,270,015        (5.18 )       981,886        22.65  
   Cumulative      2,474,291        1,270,015        —          1,711,340        44.58  

 

Note:

“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. Preliminary Operating Results of Kookmin Bank (Consolidated)

 

(Won in millions, %)

    2Q 2021      1Q 2021      % Change
Increase
(Decrease)
(Q to Q)		      2Q 2020      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      4,673,682        8,417,048        (44.47 )       4,520,138        3.40  
   Cumulative      13,090,730        8,417,048        —          13,532,177        (3.26 ) 

Net operating profit

    Specified Quarter      1,025,064        951,383        7.74        903,727        13.43  
   Cumulative      1,976,447        951,383        —          1,736,331        13.83  

Profit before income tax

    Specified Quarter      1,004,117        971,265        3.38        913,181        9.96  
   Cumulative      1,975,382        971,265        —          1,710,562        15.48  

Profit for the period

    Specified Quarter      737,617        690,567        6.81        670,931        9.94  
   Cumulative      1,428,184        690,567        —          1,257,278        13.59  

Profit attributable to shareholders of the parent company

    Specified Quarter      734,155        688,493        6.63        660,407        11.17  
   Cumulative      1,422,648        688,493        —          1,246,754        14.11  

 

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, %)

    2Q 2021      1Q 2021      % Change
Increase
(Decrease)
(Q to Q)		      2Q 2020      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue

    Specified Quarter      1,759,062        2,966,708        (40.71 )       1,201,222        46.44  
   Cumulative      4,725,770        2,966,708        —          6,446,608        (26.69 ) 

Net operating profit (loss)

    Specified Quarter      203,699        289,664        (29.68 )       230,229        (11.52 ) 
   Cumulative      493,363        289,664        —          209,421        135.58  

Profit (Loss) before income tax

    Specified Quarter      217,672        296,770        (26.65 )       210,931        3.20  
   Cumulative      514,442        296,770        —          194,376        164.66  

Profit (Loss) for the period

    Specified Quarter      154,731        222,480        (30.45 )       151,484        2.14  
   Cumulative      377,211        222,480        —          136,802        175.74  

Profit (Loss) attributable to shareholders of the parent company

    Specified Quarter      154,758        222,473        (30.44 )       151,479        2.16  
   Cumulative      377,231        222,473        —          136,791        175.77  

 

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 2021 first half 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: July 22, 2021     By:  

/s/ Hwan-Ju Lee

    (Signature)
    Name: Hwan-Ju Lee
    Title: Senior Executive Vice President and Chief Finance Officer