KB Financial : 1st Quarter 2024 Fact Book

KB Financial Group

Fact Book 1Q 2024

	Disclaimer
	Financial Highlights
	KB Financial Group	KB Kookmin Bank	KB Securities	KB Life Insurance
	Condensed Income Statement	Condensed Income Statement	Condensed Income Statement	Condensed Income Statement
	Condensed Balance Sheet	Condensed Balance Sheet	Condensed Balance Sheet	Condensed Balance Sheet
	Interest Income / Spread / Margin	Interest Income / Spread / Margin	Key Indicators	Key Indicators
	Fee and Commission Income	Fee and Commission Income		Premium Income
	Other Operating Income	Other Operating Income	KB Kookmin Card	Loss & Expense Ratios
	Provision for Credit Losses	Provision for Credit Losses	Condensed Income Statement	APE
	General & Administrative Expenses	General & Administrative Expenses	Condensed Balance Sheet
	Asset Quality	Loans / Deposits	Customers / Volume / Receivables	Other Subsidiaries
	Capital Adequacy	Asset Quality	Asset Quality	Condensed Income Statement
	Organizational Structure	Delinquency	Delinquency	Condensed Balance Sheet
	Employees / Branches	Capital Adequacy
	Credit Ratings	Credit Ratings	KB Insurance	Contacts
		Housing Price Index	Condensed Income Statement
			Condensed Balance Sheet
			Key Indicators
			Direct Premiums
			Loss & Expense Ratios
			Monthly Initial Premiums

Disclaimer

Disclaimer

Finanial Highlights

KB Financial Group

KB Kookmin Bank

KB Securities

KB Insurance KB Kookmin Card

KB Life Insurance

Other Subsidiaries Contacts

The consolidated financial information of KB Financial Group Inc. (the "Group") presented herein is based on the Korean International Financial Reporting Standards(K-IFRS). It is currently being audited by the Group's independent auditor, and accordingly, is subject to change.

The consolidated financial information presented herein is based on Korean IFRS9(K-IFRS9). Note that the financial results for years before 2017 contained herein have not been restated retrospectively.

The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of Korean IFRS17

(K-IFRS17), and the financial results for 2022 have been restated retrospectively for better comparison purposes. However, please note that the key financial ratios for 2022 have not been restated retrospectively.

From 2018, for better peer comparison purpose, the Group reclassified certain interest income out of Net Gain/Loss on Financial Assets at FVPL under Other Operating Profit to Interest Income under Net Interest Income. Note that beginning from the financial results for 2017 contained herein have been restated retrospectively.

As KB Insurance and KB Capital became wholly-owned subsidiaries of the Group on July 7, 2017, the financial results of KB Insurance and KB Capital have been fully consolidated in the Group's financial statements since 3Q17.

As Prudential Life Insurance became wholly-owned subsidiary of the Group as of August 31, 2020, the financial results have been fully consolidated in the Group's financial statements since September, 2020.

From 3Q21, the Group applied accounting policy in accordance the international Financial Reporting Interpretation Committee(IFRIC) agenda decision over K-IFRS No.1019(Employee benefits). However, please note that the financial information for the past period contained herein has not been restated retrospectively.

Former KB Life Insurance was merged with and into Prudential Life Insurance(the surviving entity) as of January 1, 2023, which had been renamed as "KB Life Insurance Co., Ltd." prior to the merger.

On June 30, 2023, KB Financial Group sold 100% of the shares of KB Credit Information, a former first-tier subsidiary of the Group, to KB Kookmin Card. Consequently, KB Credit Information became a second-tier subsidiary of the Group.

From 4Q23, the Group applied Variable Fee Approach Model in accordance with Financial Supervisory Service's guildelines on actuarial assumptions, and financial results from 1Q23 to 3Q23 contained herein have also been restated retrospectively.

Totals may not sum due to rounding.

KB Financial Group

Disclaimer

Financial Highlights

KB Financial Group

KB Kookmin Bank

KB Securities

KB Insurance

KB Kookmin Card

KB Life Insurance

Other Subsidiaries

Contacts

Financial Highlights

Financial Statements

(bn Won)	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
KB Financial Group
Total Assets	670,166.0	682,678.2	713,722.7	688,664.8	691,435.7	706,317.7	716,439.8	715,739.1	732,240.3
Total Liabilities	619,320.4	630,266.1	659,434.5	634,557.0	635,222.3	648,645.2	657,625.5	656,864.8	673,032.9
Total Equity	50,845.6	52,412.1	54,288.2	54,107.8	56,213.4	57,672.5	58,814.3	58,873.3	59,207.3
Net Income	1,471.5	1,214.5	1,360.0	-114.6	1,510.3	1,504.6	1,337.1	211.4	1,063.2
Net Income (attributable to controlling interests)	1,460.6	1,209.9	1,367.8	114.7	1,508.7	1,498.9	1,368.9	255.4	1,049.1
Total Asset including AUM2)
1,135,267.2	1,137,236.6	1,169,947.0	1,146,690.7	1,170,303.2	1,192,239.7	1,206,347.7	1,216,730.4	1,242,814.0
(AUM)	465,101.2	454,558.5	456,224.3	458,025.9	478,867.5	485,922.0	489,907.9	500,991.3	510,573.7
Total Assets by Subsidiaries
KB Kookmin Bank	493,078.8	506,798.0	537,997.1	517,769.5	512,196.9	524,504.5	537,096.5	530,012.9	543,970.5
KB Securities	62,691.0	61,001.5	58,461.7	53,824.2	62,243.4	63,012.6	60,076.2	61,267.0	62,950.5
KB Insurance	34,967.4	34,850.1	34,994.4	34,743.3	35,516.7	35,349.6	35,398.4	37,729.7	37,403.9
KB Kookmin Card	27,238.6	28,439.5	30,144.6	29,721.0	28,811.3	29,255.9	29,737.8	29,365.6	29,547.0
KB Life Insurance	32,519.6	31,049.9	30,214.6	29,989.7	30,501.3	30,074.8	29,635.7	31,953.2	32,112.4
KB Asset Management	338.6	334.6	388.5	369.5	322.7	316.2	342.5	377.9	337.6
KB Capital	14,994.4	15,523.1	15,581.8	16,053.0	15,503.5	16,018.1	16,367.8	16,560.8	16,916.2
KB Real Estate Trust	476.5	501.0	519.5	519.0	496.2	560.6	742.0	859.4	941.0
KB Savings Bank	2,754.5	3,108.6	2,940.8	3,138.5	2,995.1	2,950.4	3,147.4	2,662.0	2,802.2
KB Investment	1,203.4	1,229.1	1,299.5	1,378.6	1,387.1	1,435.8	1,546.3	1,544.8	1,524.5
KB Data Systems	45.4	52.5	53.1	63.6	53.5	59.2	60.9	61.5	60.5
KB Credit Information	27.9	28.6	29.6	42.2	42.8	-	-	-	-
Total Equity by Subsidiaries
KB Kookmin Bank	32,430.0	32,688.4	33,336.9	33,723.3	34,037.2	34,958.5	35,956.9	36,548.7	35,519.8
KB Securities	5,638.9	5,826.7	6,053.9	5,877.3	5,897.1	6,127.0	6,224.1	6,299.2	6,483.0
KB Insurance	5,101.6	5,562.3	5,742.6	5,725.6	5,722.3	5,996.2	6,038.9	6,255.6	5,843.6
KB Kookmin Card	4,441.3	4,588.4	4,711.1	4,722.8	4,596.9	4,703.1	4,791.2	4,819.8	4,791.3
KB Life Insurance	3,586.7	3,785.9	3,952.0	3,817.3	3,922.5	4,088.6	4,329.7	4,130.0	3,632.7
KB Asset Management	219.3	228.4	257.8	266.5	224.8	238.2	251.2	268.3	245.8
KB Capital	1,997.0	2,051.5	2,096.9	2,106.2	2,148.1	2,195.9	2,241.9	2,260.0	2,315.6
KB Real Estate Trust	352.6	371.9	392.6	405.5	389.3	405.9	419.8	286.1	239.1
KB Savings Bank	269.4	277.5	283.5	284.0	273.0	272.8	261.5	193.8	205.0
KB Investment	268.5	268.9	264.7	270.3	272.6	285.9	299.3	279.5	277.5
KB Data Systems	18.4	19.8	19.6	23.1	22.9	25.1	25.7	20.9	21.4
KB Credit Information	14.9	15.4	16.2	17.3	17.2	-	-	-	-

KB Financial Group		Financial Highlights
		(bn Won)	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
		Net Income by Subsidiaries
		KB Kookmin Bank	977.3	749.1	824.2	445.4	931.5	927.0	996.9	406.1	389.5
		KB Securities	114.3	67.7	121.7	-115.9	140.6	109.0	111.5	28.5	198.0
		KB Insurance	201.9	324.3	173.7	-142.7	253.8	271.4	155.1	72.6	292.2
		KB Kookmin Card	118.9	126.8	106.6	26.3	82.0	110.9	79.5	78.7	139.1
		KB Life Insurance	5.5	-73.1	35.2	-51.0	104.8	28.9	3.8	-55.3	77.0
		KB Asset Management	11.8	9.5	28.6	9.4	18.0	13.6	12.7	17.2	18.6
		KB Capital	83.3	64.0	54.7	15.1	46.9	58.5	53.5	27.6	61.6
		KB Real Estate Trust	15.7	19.4	20.7	11.9	18.8	16.6	13.8	-133.3	-46.9
		KB Savings Bank	7.4	8.0	6.1	0.3	-11.0	-0.2	-11.4	-68.0	11.3
		KB Investment	3.0	0.4	-4.2	5.6	2.3	13.3	13.4	-19.8	-2.0
		KB Data Systems	-0.2	1.4	-0.4	2.4	0.3	2.2	0.6	-3.0	0.4
		KB Credit Information	-1.5	0.6	0.7	0.7	0.1	-0.6	-	-	-

1. The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated

retrospectively for better comparison purposes. However, please note that the key financial ratios for 2022 have not been restated retrospectively.

1. Sum of assets of consolidated financial statement and AUM.
2. On June 30, 2023, KB Financial Group sold 100% of the shares of KB Credit Information to KB Kookmin Card, and KB Credit Information became a second-tier subsidiary of the Group. Accordingly, total assets, total liablities, and total equity of KB Credit Information have been fully consolidated to the consolidated financial statements of KB Kookmin Card as of June 30, 2023. Please note that KB Credit Information's net income contributable to KB Fianancial Group for 2023 is the amount for the six-month period ended before KB Financial Group's sale of the shares of KB Credit Information.

Key Financial Indicators

KB Financial Group	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
ROA (Quarterly)	0.89%	0.72%	0.77%	N.A.	0.89%	0.86%	0.75%	0.12%	0.59%
ROA (Cumulative)	0.89%	0.81%	0.79%	0.57%	0.89%	0.87%	0.83%	0.65%	0.59%
ROE (Quarterly)1)	13.00%	10.36%	11.36%	0.94%	12.50%	12.01%	10.61%	1.95%	8.15%
ROE (Cumulative)1)	13.00%	11.68%	11.57%	8.83%	12.50%	12.25%	11.68%	9.18%	8.15%
Basic EPS (Won, Quarterly)	3,691	3,032	3,422	190	3,782	3,757	3,428	540	2,627
Basic EPS (Won, Cumulative)	3,691	6,722	10,144	10,334	3,782	7,558	11,004	11,580	2,627
BPS (Won)	123,655	126,529	130,419	130,813	135,389	139,010	142,389	143,163	144,776
NIM (Quarterly)	1.91%	1.96%	1.98%	1.99%	2.04%	2.10%	2.09%	2.08%	2.11%
NIM (Cumulative)	1.91%	1.93%	1.95%	1.96%	2.04%	2.07%	2.08%	2.08%	2.11%
CIR (Quarterly)	41.9%	46.4%	42.9%	62.5%	35.8%	37.1%	39.5%	53.5%	36.9%
CIR (Cumulative)	41.9%	44.1%	43.7%	48.2%	35.8%	36.4%	37.4%	41.0%	36.9%
Credit Cost Ratio (Quarterly)	0.15%	0.31%	0.27%	0.97%	0.63%	0.56%	0.38%	1.13%	0.38%
Credit Cost Ratio (Cumulative)	0.15%	0.23%	0.24%	0.43%	0.63%	0.59%	0.52%	0.67%	0.38%
NPL Ratio	0.31%	0.32%	0.32%	0.34%	0.43%	0.44%	0.48%	0.57%	0.63%
NPL Coverage Ratio(New)2)	217.7%	222.4%	219.7%	216.3%	196.2%	200.5%	180.4%	174.6%	158.7%
NPL Coverage Ratio(Old)3)	454.6%	451.4%	446.9%	431.0%	350.8%	343.8%	315.0%	297.3%	259.4%
BIS Ratio	15.92%	15.63%	15.45%	16.16%	16.84%	16.99%	16.79%	16.73%	16.54%
CET 1 Ratio	13.43%	12.93%	12.62%	13.24%	13.66%	13.80%	13.74%	13.59%	13.40%

KB Financial Group		Financial Highlights
		Key Financial Indicators
		KB Kookmin Bank	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
		ROA (Quarterly)	0.81%	0.60%	0.61%	0.16%	0.73%	0.71%	0.72%	0.26%	0.28%
		ROA (Cumulative)	0.81%	0.70%	0.67%	0.54%	0.73%	0.72%	0.72%	0.60%	0.28%
		ROE (Quarterly)	12.21%	9.29%	9.97%	5.28%	11.13%	10.81%	11.24%	4.47%	4.37%
		ROE (Cumulative)	12.21%	10.73%	10.45%	9.12%	11.13%	10.97%	11.05%	9.34%	4.37%
		NIM (Quarterly)	1.66%	1.73%	1.76%	1.77%	1.79%	1.85%	1.84%	1.83%	1.87%
		NIM (Cumulative)	1.66%	1.69%	1.72%	1.73%	1.79%	1.82%	1.83%	1.83%	1.87%
		CIR (Quarterly)	45.5%	48.1%	46.3%	53.6%	38.3%	40.2%	41.4%	53.3%	40.3%
		CIR (Cumulative)	45.5%	46.8%	46.6%	48.7%	38.3%	39.3%	40.0%	43.2%	40.3%
		NPL Ratio	0.20%	0.19%	0.19%	0.20%	0.23%	0.25%	0.26%	0.31%	0.33%
		NPL Coverage Ratio(New)2)	231.2%	254.6%	252.2%	259.4%	263.9%	253.9%	227.7%	225.6%	208.2%
		NPL Coverage Ratio(Old)3)	574.4%	602.7%	591.8%	597.5%	519.1%	466.8%	424.4%	404.7%	367.3%
		BIS Ratio	17.70%	17.43%	16.83%	17.46%	18.53%	18.45%	18.36%	18.08%	17.31%
		CET 1 Ratio	14.97%	14.49%	13.96%	14.50%	15.29%	15.26%	15.26%	14.91%	14.34%
		Loan to Deposit Ratio4)	98.8%	99.2%	99.2%	95.6%	96.3%	96.8%	97.3%	98.8%	97.0%

1. Common shares basis, eliminating the effects of supplementary capital.
2. Based on new formula in accordance with FSS guideline: Loan loss reserves / NPL (i.e. not including reserves for credit losses).
3. Including reserves for credit losses.
4. Based on new formula in accordance with FSS guideline from 2020.
5. Ratios for periods starting from January 1, 2023 presented herein are based on K-IFRS 1117(Insurance Contracts).

KB Financial Group	Group Condensed Income Statement

Disclaimer

Finanial Highlights

KB Financial Group

Condensed Income Statement

Condensed Balance Sheet Interest Income / Spread / Margin Fee and Commission Income Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality

Capital Adequacy Organizational Structure Employees / Branches Credit Ratings

KB Kookmin Bank

KB Securities

KB Insurance

KB Kookmin Card

KB Life Insurance

Other Subsidiaries

Contacts

(bn Won)	1Q22	2Q22	3Q22	4Q22		1Q23	2Q23	3Q23	4Q23	1Q24(E)
Net interest income	2,651.5	2,821.3	2,928.0	3,114.5	2,823.9	3,009.8	3,124.6	3,183.4	3,151.5
Net fee and commission income	957.3	934.5	872.7	750.4	914.0	951.4	901.4	906.7	990.1
Net other operating income(expenses)	-71.2	-410.5	-214.7	-553.2	636.6	335.9	-66.2	-492.4	270.4
Gross operating income	3,537.6	3,345.3	3,586.0	3,311.7	4,374.5	4,297.1	3,959.8	3,597.7	4,412.0
General & administrative expenses	1,481.4	1,552.8	1,539.3	2,070.2	1,566.3	1,592.9	1,564.7	1,923.5	1,628.2
Operating profit before provision for credit losses	2,056.2	1,792.5	2,046.7	1,241.5		2,808.2	2,704.2	2,395.1	1,674.2	2,783.8
Provision for credit losses	145.8	329.8	312.8	1,059.3	668.2	651.4	448.6	1,378.2	428.4
Net operating profit	1,910.4	1,462.7	1,733.9	182.2	2,140.0	2,052.8	1,946.5	296.0	2,355.4
Net non-operating profit(loss)	9.3	192.6	113.9	-155.2	-96.2	-92.3	-43.4	-33.0	-948.0
Profit before income tax	1,919.7	1,655.3	1,847.8	27.0	2,043.8	1,960.5	1,903.1	263.0	1,407.4
Income tax expense	448.2	440.8	487.8	141.6	533.5	455.9	566.0	51.6	344.2
Profit for the period	1,471.5	1,214.5	1,360.0	-114.6	1,510.3	1,504.6	1,337.1	211.4	1,063.2
Profit attibutable to non-controlling interests	10.9	4.6	-7.8	-229.3	1.6	5.7	-31.8	-44.0	14.1
Profit attributable to shareholders of the parent company	1,460.6	1,209.9	1,367.8	114.7	1,508.7	1,498.9	1,368.9	255.4	1,049.1

• The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated
  retrospectively for better comparison purposes.

KB Financial Group	Group Condensed Balance Sheet

Disclaimer

Finanial Highlights

KB Financial Group

Condensed Income Statement

Condensed Balance Sheet

Interest Income / Spread / Margin Fee and Commission Income Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality

Capital Adequacy Organizational Structure Employees / Branches Credit Ratings

KB Kookmin Bank

KB Securities

KB Insurance

KB Kookmin Card

KB Life Insurance

Other Subsidiaries

Contacts

(bn Won)	Mar. 22	Jun. 22	Sep. 22	Dec. 22	Mar. 23	Jun. 23	Sep. 23	Dec. 23	Mar. 24(E)
Total Assets	670,166.0	682,678.2	713,722.7	688,664.8	691,435.7	706,317.7	716,439.8	715,739.1	732,240.3
Cash and due from financial institutions	29,485.8	32,303.3	27,904.7	32,474.7	28,955.1	31,610.9	31,946.1	29,836.3	30,509.3
Financial assets at fair value through profit or loss	73,546.2	70,523.6	66,764.3	70,092.5	70,094.7	74,604.6	72,864.0	77,038.3	77,356.8
Derivative financial assets	4,987.9	9,419.2	17,820.0	9,446.6	8,588.7	8,195.3	8,896.6	6,157.6	7,260.4
Financial investments	107,874.7	105,543.3	111,049.7	115,452.7	115,454.1	116,969.6	118,516.0	122,199.5	124,966.7
Loans	422,025.5	431,193.4	453,435.0	433,038.9	432,189.4	434,953.6	441,720.7	444,805.3	448,194.4
(Reserves for loan losses)	-3,593.6	-3,590.3	-3,719.6	-4,161.0	-4,667.2	-4,812.9	-4,913.3	-5,462.8	-5,548.9
Investments in associates	475.1	522.9	698.1	682.7	660.8	666.9	662.7	722.2	700.6
Insurance contract assets	20.4	51.0	78.6	83.3	152.5	189.2	215.9	229.6	267.2
Reinsurance contract assets	1,563.8	1,503.1	1,699.6	1,496.0	1,511.2	1,529.4	1,686.9	1,656.1	1,554.2
Tangible assets	7,962.4	8,390.1	7,942.2	8,351.6	8,482.6	8,690.5	8,781.0	9,263.7	9,392.7
Goodwill & Intangible assets	1,784.9	1,822.1	1,931.2	1,858.5	1,984.6	1,956.5	1,986.1	1,950.9	1,961.0
Current income tax assets	183.3	206.6	241.7	204.7	219.2	243.0	262.9	244.3	274.9
Deferred income tax assets	296.2	103.3	307.4	188.4	200.7	271.8	245.3	274.2	335.1
Other assets	19,959.8	21,096.3	23,850.2	15,294.2	22,942.1	26,436.4	28,655.6	21,361.1	29,467.0
Total Liabilities	619,320.4	630,266.1	659,434.5	634,557.0	635,222.3	648,645.2	657,625.5	656,864.8	673,032.9
Financial liabilities at fair value through profit or loss	13,125.8	12,779.3	12,262.1	12,271.6	11,842.2	12,044.4	10,882.7	10,920.4	11,267.1
Deposits	379,436.2	380,424.3	395,493.0	393,928.9	387,230.5	396,081.6	398,943.6	406,512.4	418,070.6
Debts	60,336.1	65,633.4	69,205.1	71,717.4	67,904.5	69,262.0	70,352.8	69,583.6	62,993.6
Debentures	68,840.6	71,087.3	72,363.3	68,698.2	68,546.6	68,260.6	68,608.8	69,176.7	70,002.9
Insurance contract liabilities	50,762.2	47,465.7	45,571.1	45,969.4	47,794.7	46,884.7	45,908.6	50,308.6	50,704.3
Reinsurance contract liabilities	39.3	37.9	36.9	31.7	34.2	33.8	32.2	36.0	37.4
Derivative financial liabilities	5,317.1	10,046.2	19,069.8	9,509.8	8,516.4	7,999.8	8,976.1	6,210.6	7,236.6
Net defined benefit liabilities	266.5	350.4	414.8	85.7	88.8	112.4	115.6	81.9	72.9
Provisions	778.3	832.8	852.4	933.7	942.0	978.3	972.7	1,444.4	2,062.0
Accrued expenses payables	3,311.9	3,602.7	4,232.8	4,759.3	5,408.1	6,408.8	7,295.7	6,535.0	6,341.2
Other liabilities	37,106.4	38,006.1	39,933.2	26,651.3	36,914.3	40,578.8	45,536.7	36,055.2	44,244.3
Total Equity	50,845.6	52,412.1	54,288.2	54,107.8	56,213.4	57,672.5	58,814.3	58,873.3	59,207.4
Share capital	2,090.6	2,090.6	2,090.6	2,090.6	2,090.6	2,090.6	2,090.6	2,090.6	2,090.6
Hybrid financial instrument	3,436.8	3,935.6	4,434.3	4,434.3	5,032.8	5,032.8	5,032.8	5,032.8	5,431.9
Capital surplus	16,940.2	16,940.8	16,940.7	16,940.7	16,940.7	16,649.2	16,643.6	16,647.9	16,639.9
Accumulated other comprehensive income	1,627.4	1,298.7	1,043.9	1,249.9	1,724.1	1,840.6	2,032.6	2,295.1	1,531.4
Retained earnings	26,856.2	27,842.6	29,073.6	28,948.4	29,850.9	30,890.7	32,015.6	32,029.2	32,439.1
Treasury shares	-986.2	-986.2	-836.2	-836.2	-1,107.9	-865.8	-967.8	-1,165.8	-996.8
Non-controlling interest	880.6	1,290.0	1,541.3	1,280.1	1,682.2	2,034.4	1,966.9	1,943.5	2,071.3

• The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated retrospectively for better comparison purposes.

KB Financial Group

Disclaimer

Finanial Highlights

KB Financial Group

Condensed Income Statement

Condensed Balance Sheet

Interest Income / Spread / Margin

Fee and Commission Income Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality

Capital Adequacy Organizational Structure Employees / Branches Credit Ratings

KB Kookmin Bank

KB Securities

KB Insurance

KB Kookmin Card

KB Life Insurance

Other Subsidiaries

Contacts

Group Interest Income / Spread / Margin (Bank+Credit Card)

Group Interest Income

(bn Won)	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
Interest Income	4,306.3	4,693.5	5,373.7	6,414.1	6,866.6	7,130.6	7,413.4	7,734.5	7,614.0
Due from financial institutions	21.6	27.9	45.6	74.0	76.4	88.7	88.6	99.8	94.4
Financial investments	641.3	703.1	813.0	1,044.9	1,096.9	1,142.2	1,213.7	1,297.6	1,303.7
Loans	3,558.8	3,876.2	4,430.2	5,183.4	5,562.5	5,774.5	5,977.9	6,175.9	6,056.7
Insurance contract liabilities interest	5.0	4.2	3.9	3.6	5.5	5.8	5.9	6.8	8.3
Others	79.6	82.1	81.0	108.2	125.3	119.4	127.3	154.4	150.9
Interest Expense	1,654.8	1,872.2	2,445.7	3,299.6	4,042.7	4,120.8	4,288.8	4,551.1	4,462.5
Deposits	731.3	844.3	1,178.7	1,883.1	2,342.9	2,423.2	2,554.6	2,732.1	2,631.8
Debts & debentures	504.5	595.1	795.4	1,037.2	1,140.1	1,176.6	1,221.8	1,287.8	1,261.9
Insurance contract liabilities interest	384.1	391.7	412.4	307.4	402.8	392.5	385.3	396.1	396.0
Others	34.9	41.1	59.2	71.9	156.9	128.5	127.1	135.1	172.8
Net Interest Income	2,651.5	2,821.3	2,928.0	3,114.5	2,823.9	3,009.8	3,124.6	3,183.4	3,151.5

• The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated retrospectively for better comparison purposes.

Group Net Interest Margin(NIM)1)

	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
NIM (Quarterly)	1.91%	1.96%	1.98%	1.99%	2.04%	2.10%	2.09%	2.08%	2.11%
NIM (Cumulative)	1.91%	1.93%	1.95%	1.96%	2.04%	2.07%	2.08%	2.08%	2.11%

1) Bank NIM+ Card NIM(excluding credit card merchant fees).

Interest Spread / Net Interest Margin(NIM)1) excluding credit card merchant fees

(bn Won)	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
Interest earning assets	445,481.0	452,097.3	464,495.7	481,921.8	469,207.7	468,190.1	474,893.6	485,193.9	487,089.2
Interest earned on the assets2)	3,102.3	3,405.6	3,990.1	4,913.7	5,333.2	5,536.6	5,752.1	5,995.1	5,921.5
Yield	2.82%	3.02%	3.41%	4.05%	4.61%	4.74%	4.81%	4.90%	4.89%
Interest bearing liabilities	434,048.5	442,832.5	454,801.5	471,665.9	456,034.8	454,524.7	461,122.6	470,606.1	473,544.4
Interest paid on the liabilities3)	1,008.4	1,201.5	1,673.7	2,495.7	2,972.4	3,080.9	3,251.3	3,446.0	3,360.3
Yield	0.94%	1.09%	1.46%	2.10%	2.64%	2.72%	2.80%	2.91%	2.85%
Interest spread	1.88%	1.93%	1.95%	1.95%	1.97%	2.02%	2.01%	2.00%	2.04%
Net Interest Margin	1.91%	1.96%	1.98%	1.99%	2.04%	2.10%	2.09%	2.08%	2.11%

1. Bank NIM + Card NIM.
2. Interest income - credit guarantee fee.
3. Interest expense + deposit insurance fee.

KB Financial Group		Group Interest Income / Spread / Margin	(Bank+Credit Card)
		Interest Spread / Net Interest Margin(NIM)1) including credit card merchant fees
		(bn Won)	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
		Interest earning assets	449,770.9	456,765.2	469,356.6	486,910.3	473,985.4	473,015.8	479,792.8	490,215.8	491,992.9
		Interest earned on the assets2)	3,503.0	3,834.3	4,426.8	5,350.9	5,777.7	5,980.8	6,198.8	6,469.4	6,381.5
		Yield	3.16%	3.37%	3.74%	4.36%	4.94%	5.07%	5.13%	5.24%	5.22%
		Interest bearing liabilities	434,048.5	442,832.5	454,801.5	471,665.9	456,034.8	454,524.7	461,122.6	470,606.1	473,544.4
		Interest paid on the liabilities3)	1,008.4	1,201.5	1,673.7	2,495.7	2,972.4	3,080.9	3,251.3	3,446.0	3,360.2
		Yield	0.94%	1.09%	1.46%	2.10%	2.64%	2.72%	2.80%	2.91%	2.85%
		Interest spread	2.22%	2.28%	2.28%	2.26%	2.30%	2.35%	2.33%	2.33%	2.36%
		Net Interest Margin	2.25%	2.31%	2.33%	2.33%	2.40%	2.46%	2.44%	2.45%	2.47%

1. Bank NIM + Card NIM.
2. Interest income - credit guarantee fee.
3. Interest expense + deposit insurance fee.

KB Financial Group	Group Fee and Commission Income

Disclaimer

Finanial Highlights

KB Financial Group

Condensed Income Statement

Condensed Balance Sheet

Interest Income / Spread / Margin

Fee and Commission Income

Other Operating Income Provision for Credit Losses General & Administrative Expenses Asset Quality

Capital Adequacy Organizational Structure Employees / Branches Credit Ratings

KB Kookmin Bank

KB Securities

KB Insurance

KB Kookmin Card

KB Life Insurance

Other Subsidiaries

Contacts

(bn Won)	1Q22	2Q22	3Q22	4Q22	1Q23	2Q23	3Q23	4Q23	1Q24(E)
Trust Fee	125.5	114.9	119.4	108.0	121.8	132.7	129.2	124.3	103.0
Fee and Commission	831.8	819.6	753.3	642.4	792.2	818.7	772.2	782.4	887.1
Fees from credit cards		175.4	190.5	161.2	149.3	195.1	173.5	170.1	198.6	214.1
Guarantee fees		15.1	18.2	16.0	17.5	15.7	18.8	20.3	22.5	22.3
Other commissions in Won	591.7	556.7	524.6	425.4	529.1	571.9	529.1	516.8	597.8
Commissions received as agency		43.9	46.9	72.0	76.4	52.6	39.6	39.1	40.5	48.5
Commissions received on represent securities	31.8	34.9	32.7	25.4	30.2	28.9	28.5	25.9	28.8
Commissions received on banking business		44.2	45.5	45.8	45.2	45.9	45.3	44.9	45.7	47.5
Commissions received on securities business	218.5	181.2	125.1	103.6	137.7	202.3	180.3	136.1	174.5
Others		253.3	248.2	249.0	174.8	262.7	255.8	236.3	268.6	298.5
Other commissions in foreign currency	49.6	54.2	51.5	50.2	52.3	54.5	52.7	44.5	52.9
Net Fee and Commission Income		957.3	934.5	872.7	750.4	914.0	951.4	901.4	906.7	990.1

• The consolidated financial information for periods starting from January 1, 2023 presented herein reflect the application of K-IFRS 1117(Insuarnce Contracts), and the figures for 2022 have been restated retrospectively for better comparison purposes.