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    Kim Do • Hanoi Investment & Securities

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

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

    Question

    Kim Do from Hanoi Investment Securities asked about the feasibility of receiving interim dividends from subsidiaries before year-end to secure distributable profit, specifically questioning the capacity of the insurance units. He also sought clarity on whether KB Financial Group has a specific PBR valuation band, such as 0.8x to 1.0x, for adjusting its shareholder return mix.

    Answer

    A representative clarified that the company is not considering interim dividends from its insurance subsidiaries this year due to their specific capital situations. Instead, it is looking to other units like securities and brokerage. The representative also confirmed that while the company is considering a PBR range of 0.8x to 1.0x for adjusting the return mix, the key trigger is the belief that a 'rerating cycle' has begun, rather than hitting a specific number.

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

    Question

    Kim Do of Hanoi Investment & Securities questioned the feasibility of receiving interim dividends from insurance subsidiaries to boost distributable profit, given capital regulations. He also asked if KBFG has a specific PBR valuation band, like 0.8x to 1.0x, for adjusting its shareholder return mix.

    Answer

    A KBFG representative clarified that the company is not considering interim dividends from its insurance subsidiaries this year due to regulatory changes. Instead, it will look to dividends from securities and brokerage units. The representative confirmed KBFG is considering a PBR range of 0.8x to 1.0x to adjust the return mix, stating the change would be triggered by a belief that a 'rerating cycle' has begun, rather than hitting a specific number.

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