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 2016

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  x            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):  ¨

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):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨            No   x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A .

 

 

 

2016 First Half Preliminary Operating Results

On July 21, 2016, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first half of fiscal year 2016. 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, %)

    2Q 2016      1Q 2016      % Change
Increase
(Decrease)
(Q to Q)		      2Q 2015*      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue**

    Specified Quarter      5,390,209         7,007,490         -23.08         5,402,522         -0.23   
   Cumulative      12,397,699         7,007,490         —           10,652,892         16.38   

Net operating profit

    Specified Quarter      625,038         667,907         -6.42         397,893         57.09   
   Cumulative      1,292,945         667,907         —           933,786         38.46   

Profit before income tax

    Specified Quarter      750,353         719,807         4.24         424,545         76.74   
   Cumulative      1,470,160         719,807         —           1,166,264         26.06   

Profit for the period

    Specified Quarter      595,383         554,234         7.42         338,516         75.88   
   Cumulative      1,149,617         554,234         —           951,671         20.80   

Profit attributable to shareholders of the parent company

    Specified Quarter      580,363         545,004         6.49         331,729         74.95   
   Cumulative      1,125,367         545,004         —           936,694         20.14   

 

* The figures have been restated to reflect a change in the operating results of an affiliate.
** 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.

2. Preliminary Operating Results of Kookmin Bank (Consolidated)

 

(Won in millions, %)

    2Q 2016      1Q 2016      % Change
Increase
(Decrease)
(Q to Q)		      2Q 2015      % Change
Increase
(Decrease)
(Y to Y)		  

Operating revenue*

    Specified Quarter      3,921,653         5,404,012         -27.43         4,093,851         -4.21   
   Cumulative      9,325,665         5,404,012         —           7,934,081         17.54   

Net operating profit

    Specified Quarter      456,123         475,592         -4.09         302,447         50.81   
   Cumulative      931,715         475,592         —           649,696         43.41   

Profit before income tax

    Specified Quarter      458,993         501,465         -8.47         318,610         44.06   
   Cumulative      960,458         501,465         —           873,211         9.99   

Profit for the period

    Specified Quarter      355,937         387,249         -8.09         253,997         40.13   
   Cumulative      743,186         387,249         —           730,189         1.78   

Profit attributable to shareholders of the parent company

    Specified Quarter      355,937         387,249         -8.09         253,997         40.13   
   Cumulative      743,186         387,249         —           730,189         1.78   

 

* 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.

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 21, 2016

    

By: /s/ Jungsoo Huh

    (Signature)
    Name:   Jungsoo Huh
    Title:   Senior Managing Director