9 stories mentioning KRX:105560Updated 11d ago
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KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped nearly 5% in recent trade.
KB Financial's (KRX:105560) board approved the issuance of up to 270 billion won in domestic unsecured amortized contingent capital securities on Thursday, to bolster its BIS capital adequacy ratio by expanding additional Tier 1 capital.The proceeds will be used for debt repayment, and the final issuance amount and interest rates will be determined based on future demand forecasting results within the 400 billion won board-approved limit.The perpetual securities feature a five-year call option, subject to regulator's approval, and under conditions that maintain sufficient capital levels, according to a bourse filing on Thursday.
KB Financial's (KRX:105560) board approved a 700 billion won treasury stock acquisition through a trust contract with Samsung Securities (KRX:016360) on Thursday, according to a bourse filing on the same day.The buyback program runs from July 24 to Dec. 16, targeting approximately 3.99 million common shares at a reference price of 175,100 won per share, based on the July 22 closing price.The company currently holds 3.58 million treasury shares within the dividend-available limit and 19.8 million shares indirectly through existing trust contracts, for a total of about 22.9 million shares.All shares acquired under the new trust contract are expected to be retired within one year after the contract period ends.The acquisition remains within the company's 1.14 trillion won limit of distributable profits as of the previous fiscal year-end.
KB Financial's (KRX:105560) profit attributable to owners of the parent climbed nearly 15% to 1.992 trillion won for the second quarter from 1.738 trillion won a year earlier.The company's sales jumped 31% to 31.757 trillion won for the three months ended June 30 from 24.2 trillion won in the prior-year quarter, according to a Korea Exchange filing on Thursday.For the first half, attributable profit rose 13% to 3.885 trillion won from 3.436 trillion won, while cumulative net sales surged 42% to 62.456 trillion won from 43.944 trillion won.In a separate disclosure, KB Financial declared a quarterly cash dividend of 1,155 won per share for the quarter, with a record date of Aug. 7. The payout date was not disclosed.
Fitch affirmed KB Financial Group (KRX:105560) subsidiary Kookmin Bank's long-term issuer default rating (IDR) at A and short-term IDR at F1+ with a stable outlook.The ratings agency on Monday also affirmed the Korean bank's government support rating (GSR) and viability rating (VR) at a.Fitch expects the bank's underlying profitability to remain above 2% over the next two years, aided by moderate loan growth, cost discipline and a stabilizing net interest margin. In addition, the bank's strong domestic banking franchise, along with its diverse products and solutions, is expected to raise business volumes and lead to resilient near-term earnings.
Kookmin Bank, a subsidiary of KB Financial Group (KRX:105560), approved an interim cash dividend of 3,460 won per share, worth around 1.399 trillion won to its parent company, according to a Thursday filing with the Korean Exchange.The dividend was approved by the bank's board on June 17.
KB Financial Group (KRX:105560) plans to retire about 3.8 million treasury shares, valued at 600 billion won, according to a Friday filing with the Korea Exchange.The shares will be retired at a par value of 5,000 won apiece.Shares of KB Financial Group fell nearly 1% in recent trade.
KB Financial Group (KRX:105560) plans to retire about 14.3 million treasury shares, valued at 1.402 trillion won, according to a Friday filing with the Korea Exchange.The shares will be retired on May 15 at a par value of 5,000 won apiece.Shares of KB Financial Group fell nearly 1% in recent trade.
KB Financial Group (KRX:105560) posted first-quarter net income attributable to shareholders of 1.892 trillion won, up 12% from 1.697 trillion won a year earlier, according to a Thursday filing with the Korea Exchange.Sales jumped 55% year over year to 30.7 trillion won from 19.7 trillion won.
