KB Financial Group Inc (KB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Peter Kwon, head of the KBFG IR division. We will now begin the 2025 first half 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 Na Sang-ro and other executives from the group. First. Our group CFO will cover 2025 first half major performance highlights. After that, we will have a Q&A session. Like in the previous quarter, please note that after our real-time Q&A session, we have set aside additional time for management team to answer questions that were previously submitted by our shareholders. I will now invite our group CFO to walk us through the first half business results of 2025. Good afternoon. I am Na Sung Rook, CFO of KB Financial Group. Thank you all for joining the first half 2025 earnings release presentation. Today, I will walk through key results of the first half and update you on the shareholder value and return, then move on to the details of our earnings. First, page one. Q2 net profit reported $1,738.4 billion, with first-half cumulative profit reporting $3,435.7 billion and ROE of 13.03%. Increase in RWA for the first half on a cumulative basis was managed at around 2.4%, while CET1 ratio as of June end came in at 13.74%. All in all, we maintained the balance between resilient earnings power and stable capital management. And under KB's shareholders return framework, we will be using what is above CET1 ratio of 13.5%, which is $850 billion won in total as funds for shareholder return in the second half. When accounting for 300 billion of proactive buybacks done in the second quarter, second round of shareholder return upcoming in the second half will amount to around 1 trillion 150 billion won. Out of the total annual cash dividend o...