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 2014

Commission File Number: 000-53445

 

 

KB Financial Group Inc.

(Translation of registrant’s name into English)

 

 

84, Namdaemoon-ro, Jung-gu, Seoul 100-703, 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.

 

 

 


2014 First Half Preliminary Operating Results

On July 25, 2014, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results for the first half of fiscal year 2014. 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. Operating results of KB Financial Group (Consolidated)

 

(Won in millions, %)

   2Q 2014      1Q 2014      % Change
Increase
(Decrease)
(Q to Q)
    2Q 2013      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue*

   Specified Quarter      5,707,527         4,986,561         14.46     5,978,021         (4.52 %) 
   Cumulative      10,694,088         4,986,561         —          12,180,575         (12.20 %) 

Net operating profit

   Specified Quarter      525,409         483,724         8.62     451,495         16.37
   Cumulative      1,009,133         483,724         —          984,360         2.52

Profit before income tax

   Specified Quarter      522,245         498,427         4.78     323,403         61.48
   Cumulative      1,020,672         498,427         —          871,139         17.17

Profit for the period

   Specified Quarter      398,397         373,525         6.66     165,258         141.08
   Cumulative      771,922         373,525         —          578,174         33.51

Profit attributable to shareholders of the parent company

   Specified Quarter      391,687         373,525         4.86     163,520         139.53
   Cumulative      765,212         373,525         —          574,978         33.09

 

* 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. Operating results of Kookmin Bank (Consolidated)

 

(Won in millions, %)

   2Q 2014      1Q 2014      % Change
Increase
(Decrease)
(Q to Q)
    2Q 2013      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue*

   Specified Quarter      4,403,545         3,774,007         16.68     4,633,834         (4.97 %) 
   Cumulative      8,177,552         3,774,007         —          9,496,504         (13.89 %) 

Net operating profit

   Specified Quarter      343,551         322,356         6.58     293,671         16.98
   Cumulative      665,907         322,356         —          669,734         (0.57 %) 

Profit before income tax

   Specified Quarter      369,064         337,337         9.41     168,666         118.81
   Cumulative      706,401         337,337         —          559,756         26.20

Profit for the period

   Specified Quarter      287,937         258,232         11.50     48,822         489.77
   Cumulative      546,169         258,232         —          344,679         58.46

Profit attributable to shareholders of the parent company

   Specified Quarter      287,937         258,232         11.50     48,783         490.24
   Cumulative      546,169         258,232         —          344,595         58.50

 

* 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. Operating results of KB Kookmin Card Co., Ltd. (Consolidated)

 

(Won in millions, %)

   2Q 2014      1Q 2014      % Change
Increase
(Decrease)
(Q to Q)
    2Q 2013      % Change
Increase
(Decrease)

(Y to Y)
 

Operating revenue*

   Specified Quarter      687,428         722,306         (4.83 %)      739,522         (7.04 %) 
   Cumulative      1,409,734         722,306         —          1,453,898         (3.04 %) 

Net operating profit

   Specified Quarter      123,809         124,899         (0.87 %)      141,053         (12.23 %) 
   Cumulative      248,708         124,899         —          265,791         (6.43 %) 

Profit before income tax

   Specified Quarter      123,704         124,189         (0.39 %)      141,068         (12.31 %) 
   Cumulative      247,893         124,189         —          265,828         (6.75 %) 

Profit for the period

   Specified Quarter      94,996         94,439         0.59     108,011         (12.05 %) 
   Cumulative      189,435         94,439         —          203,599         (6.96 %) 

Profit attributable to shareholders of the parent company

   Specified Quarter      94,996         94,439         0.59     108,011         (12.05 %) 
   Cumulative      189,435         94,439         —          203,599         (6.96 %) 

 

* Represents the sum of interest income, fee and commission income, 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 25, 2014    

By: /s/ Woong-Won Yoon

    (Signature)
    Name:   Woong-Won Yoon
    Title:   Deputy President & CFO