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    Baek Do san • Korea Investment & Securities

    Baek Do san's questions to KB Financial Group Inc (KB) leadership

    Baek Do san's questions to KB Financial Group Inc (KB) leadership • Q2 2025

    Question

    Baek Do san of Korea Investment Securities asked a follow-up question regarding the deferred KRW 190 billion share buyback. He sought to clarify whether this deferral, equivalent to about 5 basis points of capital, would raise the CET1 ratio baseline for next year's shareholder return calculation from 13.0% to approximately 13.05%.

    Answer

    A representative clarified that the shareholder return policy remains unchanged: returns will be funded by capital in excess of the 13.0% CET1 ratio. The deferred 5 basis points will be included in the year-end 2025 CET1 ratio calculation, and the subsequent return is simply attributed to the 2025 shareholder return pool, even though the execution is in 2026. The baseline for the calculation remains 13.0%.

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    Baek Do san's questions to KB Financial Group Inc (KB) leadership • Q2 2025

    Question

    Baek Do san of Korea Investment & Securities sought clarification on the capital return policy, asking if the deferred KRW 190 billion buyback (approx. 5 bps of capital) would effectively raise the CET1 target for next year's return calculation, since the capital remains on the books at year-end.

    Answer

    A KBFG representative explained that the policy remains unchanged. The capital in excess of the 13.5% CET1 ratio at year-end will determine the following year's shareholder return pool. Although the 5 bps of capital for the deferred buyback will be in the year-end CET1 figure, it has already been attributed to the 2025 return program and will not reduce the capital available for 2026's return calculation.

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