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    Jung Joon seok • Mirae Asset Securities

    Jung Joon seok's questions to KB Financial Group Inc (KB) leadership

    Jung Joon seok's questions to KB Financial Group Inc (KB) leadership • Q2 2025

    Question

    Jung Joon seok from MA Securities inquired about the potential for changing the shareholder return mix (from buybacks to cash dividends) as the PBR improves, asking about the timing and triggers for such a policy shift. He also asked how government measures to control household debt would impact the bank's loan growth guidance for the year.

    Answer

    A representative stated that KB Financial Group is 'seriously considering a change in this mix' as the PBR improves, noting the trigger would be a sustained rerating rather than a specific PBR figure. The Bank CFO then addressed loan growth, revising the outlook for household loans to around 3% growth due to government controls, while targeting 6-7% growth in corporate loans to maintain the overall annual bank loan growth target of 4-5%.

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    Jung Joon seok's questions to KB Financial Group Inc (KB) leadership • Q2 2025

    Question

    Jung Joon seok from Mirae Asset Securities inquired about potential changes to the dividend and buyback mix as the PBR approaches 0.8x, and asked how government controls on household debt would impact the bank's annual loan growth guidance.

    Answer

    A KBFG representative stated the company is 'seriously considering' adjusting the shareholder return mix towards higher cash dividends as PBR improves. The Bank CFO addressed loan growth, maintaining the 4-5% annual target. They anticipate household loan growth will slow to around 3% due to regulations, which will be offset by a targeted 6-7% growth in high-quality corporate loans.

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