Report of Foreign Issuer (6-k)
October 26 2017 - 10:23AM
Edgar (US Regulatory)
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 2017
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.
2017 Third Quarter Preliminary Operating Results
On October 26, 2017, KB Financial Group Inc. (“KB Financial Group”) held an earnings conference and released its preliminary operating results
for the third quarter of fiscal year 2017. 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 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.
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1.
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Preliminary Operating Results of KB Financial Group (Consolidated)
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(Won in millions, %)
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3Q 2017
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2Q 2017
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% Change
Increase
(Decrease)
(Q to Q)
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3Q 2016
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% Change
Increase
(Decrease)
(Y to Y)
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Operating revenue*
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Specified Quarter
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9,477,872
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8,031,623
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18.01
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6,868,982
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37.98
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Cumulative
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27,144,353
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17,666,481
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—
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19,266,681
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40.89
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Net operating profit
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Specified Quarter
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1,165,404
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1,116,147
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4.41
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721,435
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61.54
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Cumulative
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3,168,391
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2,002,987
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—
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2,014,380
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57.29
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Profit before income tax
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Specified Quarter
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1,199,523
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1,247,011
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(3.81
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)
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761,857
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57.45
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Cumulative
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3,411,792
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2,212,269
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—
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2,232,017
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52.86
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Profit for the period
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Specified Quarter
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897,402
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1,004,749
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(10.68
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)
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577,417
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55.42
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Cumulative
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2,789,740
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1,892,338
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—
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1,727,034
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61.53
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Profit attributable to shareholders of the parent company
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Specified Quarter
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897,504
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990,081
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(9.35
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)
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564,446
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59.01
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Cumulative
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2,757,686
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1,860,182
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—
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1,689,813
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63.19
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*
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Represents the sum of interest income, fee and commission income, insurance income, gain on financial assets/liabilities at fair value through profit or loss, and other operating income.
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2.
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Preliminary Operating Results of Kookmin Bank (Consolidated)
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(Won in millions, %)
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3Q 2017
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2Q 2017
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% Change
Increase
(Decrease)
(Q to Q)
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3Q 2016
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% Change
Increase
(Decrease)
(Y to Y)
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Operating revenue*
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Specified Quarter
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3,951,446
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2,753,342
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43.51
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5,309,256
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(25.57
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)
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Cumulative
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13,171,881
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9,220,435
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—
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14,634,921
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(10.00
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Net operating profit
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Specified Quarter
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802,124
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686,847
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16.78
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547,551
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46.49
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Cumulative
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2,123,636
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1,321,512
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—
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1,479,266
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43.56
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Profit before income tax
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Specified Quarter
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822,835
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698,914
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17.73
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560,226
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46.88
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Cumulative
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2,193,902
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1,371,067
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—
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1,520,684
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44.27
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Profit for the period
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Specified Quarter
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632,034
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545,768
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15.81
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421,768
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49.85
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Cumulative
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1,841,263
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1,209,229
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—
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1,164,954
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58.05
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Profit attributable to shareholders of the parent company
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Specified Quarter
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632,034
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545,768
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15.81
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421,768
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49.85
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Cumulative
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1,841,263
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1,209,229
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—
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1,164,954
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58.05
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*
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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.
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3.
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Preliminary Operating Results of KB Securities Co., Ltd. (“KB Securities”) (Consolidated)*
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(Won in millions, %)
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3Q 2017
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2Q 2017
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% Change
Increase
(Decrease)
(Q to Q)
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3Q 2016
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% Change
Increase
(Decrease)
(Y to Y)
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Operating revenue
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Specified Quarter
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1,252,353
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1,239,814
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1.01
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1,053,620
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18.86
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Cumulative
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4,338,357
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3,086,004
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—
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3,299,207
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31.50
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Net operating profit
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Specified Quarter
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30,399
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89,371
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(65.99
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)
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34,971
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(13.07
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)
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Cumulative
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248,216
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217,817
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—
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67,843
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265.87
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Profit before income tax
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Specified Quarter
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40,393
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92,062
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(56.12
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)
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42,721
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(5.45
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)
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Cumulative
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266,065
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225,672
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—
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71,803
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270.55
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Profit (Loss) for the period
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Specified Quarter
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40,950
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(17,731
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*
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*
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36,242
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12.99
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Cumulative
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132,038
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91,088
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—
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72,133
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83.05
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Profit (Loss) attributable to shareholders of the parent company
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Specified Quarter
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40,950
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(17,731
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*
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*
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36,242
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12.99
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Cumulative
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132,038
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91,088
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—
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72,133
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83.05
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*
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Based on KB Securities’ consolidated financial statements, as a result of which the figures differ from KB Securities’ earnings released at KB Financial Group’s 2017 third quarter earnings conference,
which are based on the Group’s consolidated financial statements.
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**
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Recorded a profit in the current period compared to a loss in the previous period.
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***
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The above figures reflect income (loss) from discontinued operations relating to Hyundai Savings Bank, a subsidiary which has been sold as of October 16, 2017.
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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.
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KB Financial Group Inc.
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(Registrant)
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Date: October 26, 2017
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By:
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/s/ Jae Keun Lee
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(Signature)
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Name:
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Jae Keun Lee
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Title:
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Managing Director and Chief Financial Officer
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