June 27, 2017 8:49 PM ET

Banks

Company Overview of KB Kookmin Bank

Company Overview

KB Kookmin Bank provides various banking products and financial services to individuals and households, as well as large, small, and medium-sized enterprises. It operates through Corporate Banking, Retail Banking, and Other Activities segments. The company accepts installment savings deposits, time deposits, demand deposits, certificates of deposit, and foreign currency deposits. It also offers personal, mortgage, and deposit-backed loans; overdraft, home equity, and other consumer loans; working capital and facilities loans. In addition, the company is involved in the investment and trading of debt and equity securities; trading of derivatives; asset securitization transaction services; fun...

#9-1 Namdaemunro 2-ga

Jung-gu

Seoul,  

South Korea

Founded in 1963

Phone:

82 2 2073 7114

Key Executives for KB Kookmin Bank

Chief Executive Officer, President and Executive Director
Age: 61
Vice President of Finance Group
Age: 56
Chief Compliance Officer and Managing Director
Age: 56
Senior Executive Vice President of Customer Satisfaction Division
Age: 59
Senior Executive Vice President of Strategy & Finance Planning Group and Executive Director
Age: 58
Compensation as of Fiscal Year 2016.

KB Kookmin Bank Key Developments

KB Kookmin Bank Reports Consolidated Earnings Results for the First Quarter of Fiscal 2017

KB Kookmin Bank reported consolidated earnings results for the first quarter of fiscal 2017. For the quarter, the company reported operating revenue of KRW 6,467,093 million against KRW 5,404,012 million a year ago. Net operating profit was KRW 634,665 million against KRW 475,592 million a year ago. Profit before income tax was KRW 672,153 million against KRW 501,465 million a year ago. Profit for the period was KRW 663,461 million against KRW 387,249 million a year ago. Profit attributable to shareholders of the parent company was KRW 663,461 million against KRW 387,249 million a year ago.

KB Kookmin Bank Announces Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016 and Parent Earnings Results for the Full Year Ended December 31, 2016

KB Kookmin Bank announced audited consolidated earnings results for the fourth quarter and full year ended December 31, 2016 and parent earnings results for the full year ended December 31, 2016. For the quarter, the company reported operating revenue of KRW 3,231,557 million as compared to KRW 3,268,372 million for the same period last year. Net operating loss was KRW 289,935 million as compared to net operating profit KRW 233,047 million for the same period last year. Loss before income tax was KRW 264,427 million as compared to profit before income tax of KRW 195,752 million for the same period last year. Loss attributable to shareholders of the parent company was KRW 200,698 million as compared to profit attributable to shareholders of the parent company KRW 143,434 million for the same period last year. For the year, on consolidated basis, the company's operating revenue was KRW 17,866,478 million as compared to KRW 16,367,176 million for the same period last year. Net operating profit was KRW 1,189,331 million as compared to KRW 1,179,981 million for the same period last year. Profit before income tax was KRW 1,256,257 million as compared to KRW 1,381,229 million for the same period last year. Profit attributable to shareholders of the parent company was KRW 964,256 million as compared to KRW 1,107,238 million for the same period last year. Interest income was KRW 7,894,156 million compared to KRW 8,388,382 million a year ago. Net interest income was KRW 4,828,910 million compared to KRW 4,711,747 million a year ago. Profit was KRW 964,256 million compared to KRW 1,107,238 million a year ago. Net cash inflow from operating activities was KRW 1,005,450 million compared to KRW 3,333,765 million a year ago. Acquisition of intangible assets was KRW 73,970 million compared to KRW 26,203 million a year ago. Acquisition of property and equipment was KRW 349,724 million compared to KRW 172,590 million a year ago. For the year, on parent basis, the company's interest income was KRW 7,819,550 million compared to KRW 8,329,583 million a year ago. Net interest income was KRW 4,868,925 million compared to KRW 4,764,273 million a year ago. Operating profit was KRW 1,185,294 million compared to KRW 1,163,571 million a year ago. Profit before income tax expense was KRW 1,252,432 million compared to KRW 1,314,667 million a year ago. Profit was KRW 967,766 million compared to KRW 1,055,656 million a year ago. Net cash inflow from operating activities was KRW 1,815,352 million compared to KRW 1,385,466 million a year ago. Acquisition of intangible assets was KRW 73,032 million compared to KRW 25,844 million a year ago. Acquisition of property and equipment was KRW 348,650 million compared to KRW 174,014 million a year ago.

KB Kookmin Intends To Sell Stake In Bank CenterCredit

KB Kookmin Bank is going to sell its share in Joint Stock Company Bank CenterCredit (KAS:CCBN) acquired in 2008, as it was informed with reference to The Korea Times. The sale of the stocks is assumed to be discussed at the BOD sitting in Kazakhstan this week.

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