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People & Moves

KB Financial expands support for firefighters\' treatment and recovery with National Fire Hospital

KB Financial Group will create rest areas at the National Fire Hospital for firefighters and their families and operate psychological and emotional recovery support programmes. KB Financial said on Aug. 12 it prepared welfare infrastructure and related programmes to support firefighters\' treatment and recovery at the hospital\'s opening ceremony in Eumseong, North Chungcheong Province. The project was led by KB Insurance, which set up three rest areas, ran a programme and delivered 600 recovery support kits.

Finance

KB Financial keeps top spot in first half on non-bank gains despite bank lag

KB Financial Group posted 3.88 trillion won in first-half net profit, beating Shinhan Financial Group by 441.9 billion won, helped by a surge in non-bank earnings, especially at KB Securities. Shinhan Bank, however, out-earned KB Kookmin Bank by 233.1 billion won. KB also led in ROE and CET1 ratio. The groups set out different shareholder return plans, while KB signalled further capital allocation to its securities arm.

Finance

KB Financial first-half net profit 3.88 trillion won, non-bank contribution 44 percent

KB Financial Group posted a first-half net profit of 3.88 trillion won, up 13.1 percent from a year earlier, helped by higher fee income. Net fee income surged 50.6 percent, while second-quarter net interest income fell and margins narrowed. Non-bank units accounted for 44 percent of group profit, with KB Securities contributing about 21 percent. The board approved a 700 billion won share buyback and cancellation and a quarterly cash dividend of 1,155 won per share.