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 April 2017

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

84, Namdaemoon-ro, Jung-gu, Seoul 04534, 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.

 

 

 


2017 First Quarter Preliminary Operating Results

On April 20, 2017, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first quarter of fiscal year 2017. 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 the International Financial Reporting Standards as adopted by the Republic of Korea (“K-IFRS”) and are currently being reviewed by our independent auditors and are subject to change.

 

  1. Preliminary Operating Results of KB Financial Group (Consolidated)

 

(Won in millions, %)

        1Q 2017      4Q 2016     % Change
Increase
(Decrease)
(Q to Q)
    1Q 2016      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue*

   Specified Quarter      9,634,858        6,089,154       58.23       7,007,490        37.49  
   Cumulative      9,634,858        25,355,835       —         7,007,490        37.49  

Net operating profit (loss)

   Specified Quarter      886,840        (337,432          **      667,907        32.78  
   Cumulative      886,840        1,676,948       —         667,907        32.78  

Profit before income tax

   Specified Quarter      965,258        396,638       143.36       719,807        34.10  
   Cumulative      965,258        2,628,655       —         719,807        34.10  

Profit for the period

   Specified Quarter      887,589        463,146       91.64       554,234        60.15  
   Cumulative      887,589        2,190,180       —         554,234        60.15  

Profit attributable to shareholders of the parent company

   Specified Quarter      870,101        453,931       91.68       545,004        59.65  
   Cumulative      870,101        2,143,744       —         545,004        59.65  

 

* 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.
** Recorded a profit in the current period compared to a loss in the previous period.


  2. Preliminary Operating Results of Kookmin Bank (Consolidated)

 

(Won in millions, %)

   1Q 2017      4Q 2016     % Change
Increase
(Decrease)
(Q to Q)
    1Q 2016      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue*

   Specified Quarter      6,467,093        3,231,557       100.12       5,404,012        19.67  
   Cumulative      6,467,093        17,866,478       —         5,404,012        19.67  

Net operating profit (loss)

   Specified Quarter      634,665        (289,935        **      475,592        33.45  
   Cumulative      634,665        1,189,331       —         475,592        33.45  

Profit (Loss) before income tax

   Specified Quarter      672,153        (264,427        **      501,465        34.04  
   Cumulative      672,153        1,256,257       —         501,465        34.04  

Profit (Loss) for the period

   Specified Quarter      663,461        (200,698        **      387,249        71.33  
   Cumulative      663,461        964,256       —         387,249        71.33  

Profit (Loss) attributable to shareholders of the parent company

   Specified Quarter      663,461        (200,698        **      387,249        71.33  
   Cumulative      663,461        964,256       —         387,249        71.33  

 

* 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.
** Recorded a profit in the current period compared to a loss in the previous period.


  3. Preliminary Operating Results of KB Securities Co., Ltd. (“KB Securities”) (Consolidated)*

 

(Won in millions, %)

   1Q 2017      4Q 2016     % Change
Increase
(Decrease)
(Q to Q)
    1Q 2016      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue

   Specified Quarter      1,931,681        1,089,107       77.36       1,369,506        41.05  
   Cumulative      1,931,681        4,520,155       —         1,369,506        41.05  

Net operating profit (Loss)

   Specified Quarter      141,275        (73,087        **      55,964        152.44  
   Cumulative      141,275        21,583       —         55,964        152.44  

Profit (Loss) before income tax

   Specified Quarter      146,861        (67,377        **      61,036        140.61  
   Cumulative      146,861        29,745       —         61,036        140.61  

Profit (Loss) for the period

   Specified Quarter      108,819        (72,563        **      49,344        120.53  
   Cumulative      108,819        (430     —         49,344        120.53  

Profit (Loss) attributable to shareholders of the parent company

   Specified Quarter      108,819        (72,563        **      49,344        120.53  
   Cumulative      108,819        (430     —         49,344        120.53  

 

* Based on KB Securities’ consolidated financial statements, and accordingly, the figures differ from KB Securities’ earnings to be released at the KB Financial Group’s 2017 first quarter earnings conference, which is based on the Group’s consolidated financial statements.
** Recorded a profit in the current period compared to a loss in the previous period.


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: April 20, 2017    

By: /s/ Jae Keun Lee

    (Signature)
    Name:   Jae Keun Lee
    Title:   Managing Director and Chief Financial Officer