KB Financial Group Inc (KB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings, everyone. I am Cherry Kang, head of KB FGIR department. We will now begin the 2026 first half business results presentation. Thank you very much for participating in today's earnings release. We have here with us today business results presentation, our group CFO, Sang-Rok Na, as well as executives from our group. Regarding the agenda today, we will first have our group CFO deliver the 2026 first half business results and then have a Q&A session. We will now have our group CFO deliver a presentation on 2026 first half business results. Greetings, everyone. I am KBFG CFO Sang-Rok Na. Thank you very much for taking part in the 2026 first half earnings release. Before we proceed with the business results presentation, I would first like to cover the first half shareholder return approved at today's BOD meeting. Let's go to page one. Despite the operating environment in the first half of the year marked by high SX rate and heightened financial market volatility through strategic capital management efforts, June end group CT1 ratio posted 13.744%, a 10 BP improvement compared to the previous quarter end. According to KV's shareholder return framework, capital that exceeds 13.5% CP1 ratio will be utilized for our second round of shareholder return in 2026. At today's VOD meeting, it was decided to carry out, firstly, $700 billion of share buyback and cancellation. Regarding the remaining surplus capital, we will comprehensively take into account our earnings, PBR, and dividend yield returns at the end of fiscal year 2026 and use this to fund additional shareholder returns. For your reference, if we take into account the $2,820,000,000,000, one of the 2026 first round of shareholder returns which was announced in February, we expect to post $3,700,000,000,000,000...