KB Financial Group Inc (KB) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings. I am Peter Won, head of the KBFG IR Division. We will now begin the 2025 Q1 business results presentation. Thank you very much for participating in today's earnings release. We have here with us executives from the group, including CFO Sangnong Da. First, our group CFO will cover 2025 Q1 major performance highlights. After that, we will have a Q&A session. Please note that like in the previous quarter, after our real-time Q&A session, we have set aside additional time for the management team to answer shareholders' questions. I will now invite our group CFO to walk us through 2025 Q1 business results. Greetings. I am KBFG CFO Sangnok Na. Thank you for participating in our 2025 Q1 Business Results Presentation. I will first touch upon Q1 key performance and major management indicators and give you more details for each category. In addition, by applying the financial supervisor services response to our inquiry regarding insurance contract accounting treatment, we retrospectively restated financial results from 2024 Q1 to Q3. Please take this into consideration. Let's go to page 1. In October of last year, we announced our clear roadmap regarding shareholder return, and this year we are convinced that this will be a year when we will clearly demonstrate our group shareholder return policy. Even though concerns over global economic downturn are spreading once again, KBFC focused on stable capital ratio management and continued robust profit-generating capacity. Most of all, margin CT1 ratio posted 13.67%, a 14 BP increased QOQ ratio, and we expect to maintain the industry's highest level of capital ratio, and we can say that this was a result of stable management of risk-weighted asset growth, as well as efficient capital allocation. In addition, Q1 net profi...