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 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  ☒             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.

 

 

 


2016 Third Quarter Preliminary Operating Results

On October 20, 2016, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the third quarter 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, %)

   3Q 2016      2Q 2016      % Change
Increase
(Decrease)
(Q to Q)
    3Q 2015*      % Change
Increase
(Decrease)

(Y to Y)
 
Operating revenue**    Specified Quarter      6,868,982         5,390,209         27.43        6,971,077         (1.46
   Cumulative      19,266,681         12,397,699         —          17,623,969         9.32   
Net operating profit    Specified Quarter      721,435         625,038         15.42        541,339         33.27   
   Cumulative      2,014,380         1,292,945         —          1,475,125         36.56   
Profit before income tax    Specified Quarter      761,857         750,353         1.53        568,441         34.03   
   Cumulative      2,232,017         1,470,160         —          1,734,705         28.67   
Profit for the period    Specified Quarter      577,417         595,383         (3.02     423,934         36.20   
   Cumulative      1,727,034         1,149,617         —          1,375,605         25.55   
Profit attributable to shareholders of the parent company    Specified Quarter      564,446         580,363         (2.74     414,499         36.18   
   Cumulative      1,689,813         1,125,367         —          1,351,193         25.06   

 

* 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, %)

   3Q 2016      2Q 2016      % Change
Increase
(Decrease)
(Q to Q)
     3Q 2015      % Change
Increase
(Decrease)

(Y to Y)
 
Operating revenue*    Specified Quarter      5,309,256         3,921,653         35.38         5,164,723         2.80   
   Cumulative      14,634,921         9,325,665         —           13,098,804         11.73   
Net operating profit    Specified Quarter      547,551         456,123         20.04         297,238         84.21   
   Cumulative      1,479,266         931,715         —           946,934         56.22   
Profit before income tax    Specified Quarter      560,226         458,993         22.06         312,266         79.41   
   Cumulative      1,520,684         960,458         —           1,185,477         28.28   
Profit for the period    Specified Quarter      421,768         355,937         18.50         233,615         80.54   
   Cumulative      1,164,954         743,186         —           963,804         20.87   
Profit attributable to shareholders of the parent company    Specified Quarter      421,768         355,937         18.50         233,615         80.54   
   Cumulative      1,164,954         743,186         —           963,804         20.87   

 

* 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: October 20, 2016

   

By: /s/ Jungsoo Huh

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