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 October 2018

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.

 

 

 

2018 Third Quarter Preliminary Operating Results

On October 25, 2018, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the third quarter of fiscal year 2018. 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, %)				3Q 2018				2Q 2018				% Change Increase (Decrease) (Q to Q)				3Q 2017				% Change Increase (Decrease) (Y to Y)
Operating revenue		Specified Quarter			9,598,084				11,514,686				(16.64	)			9,477,872				1.27
		Cumulative			31,539,406				21,941,322				—				27,144,353				16.19
Net operating profit		Specified Quarter			1,328,192				1,324,005				0.32				1,165,404				13.97
		Cumulative			3,879,348				2,551,156				—				3,168,391				22.44
Profit before income tax		Specified Quarter			1,328,874				1,303,106				1.98				1,199,523				10.78
		Cumulative			3,975,398				2,646,524				—				3,411,792				16.52
Profit for the period		Specified Quarter			953,973				946,797				0.76				897,402				6.30
		Cumulative			2,869,159				1,915,186				—				2,789,740				2.85
Profit attributable to controlling interests		Specified Quarter			953,769				946,751				0.74				897,504				6.27
		Cumulative			2,868,752				1,914,983				—				2,757,686				4.03

 

Note: 1)

The consolidated financial information set forth above for 2018 periods is based on K-IFRS 1109 effective as of January 1, 2018. The corresponding financial information for 2017 periods has not been restated.

2)

“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, %)				3Q 2018				2Q 2018				% Change Increase (Decrease) (Q to Q)				3Q 2017				% Change Increase (Decrease) (Y to Y)
Operating revenue		Specified Quarter			3,816,865				5,367,813				(28.89	)			3,951,446				(3.41	)
		Cumulative			13,283,870				9,467,005				—				13,171,881				0.85
Net operating profit		Specified Quarter			983,092				897,877				9.49				802,124				22.56
		Cumulative			2,695,201				1,712,109				—				2,123,636				26.91
Profit before income tax		Specified Quarter			991,892				901,928				9.97				822,835				20.55
		Cumulative			2,832,268				1,840,376				—				2,193,902				29.10
Profit for the period		Specified Quarter			725,918				663,126				9.47				632,034				14.85
		Cumulative			2,079,251				1,353,333				—				1,841,263				12.93
Profit attributable to controlling interests		Specified Quarter			725,918				663,126				9.47				632,034				14.85
		Cumulative			2,079,251				1,353,333				—				1,841,263				12.93

 

Note: 1)

The consolidated financial information set forth above for 2018 periods is based on K-IFRS 1109 effective as of January 1, 2018. The corresponding financial information for 2017 periods has not been restated.

2)

“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 (Consolidated)

 

(Won in millions, %)				3Q 2018				2Q 2018				% Change Increase (Decrease) (Q to Q)				3Q 2017				% Change Increase (Decrease) (Y to Y)
Operating revenue		Specified Quarter			1,443,097				1,562,469				(7.64	)			1,302,872				10.76
		Cumulative			4,884,551				3,441,454				—				4,338,357				12.59
Net operating profit		Specified Quarter			83,080				98,343				(15.52	)			30,399				173.30
		Cumulative			298,395				215,315				—				248,216				20.22
Profit before income tax		Specified Quarter			88,759				103,098				(13.91	)			40,393				119.74
		Cumulative			307,264				218,505				—				266,065				15.48
Profit for the period		Specified Quarter			60,838				77,069				(21.06	)			40,950				48.57
		Cumulative			219,802				158,964				—				132,038				66.47
Profit attributable to controlling interests		Specified Quarter			60,835				77,067				(21.06	)			40,950				48.56
		Cumulative			219,795				158,960				—				132,038				66.46

 

Note: 1)

The consolidated financial information set forth above is based on K-IFRS 1109 effective as of January 1, 2018. The corresponding financial information for 2017 periods has not been restated.

2)

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 2018 third quarter earnings conference, which are based on the Group’s consolidated financial statements.

3)

“Operating revenue” represents operating income based on KB Securities’ financial statements.

4)

The figures set forth above for 2017 periods include income (loss) from discontinued operations relating to Hyundai Savings Bank, a subsidiary sold on October 16, 2017.

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: October 25, 2018				By:		/s/ Ki-Hwan Kim
				(Signature)
				Name:		Ki-Hwan Kim
				Title:		Senior Managing Director and Chief Finance Officer