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Finance

KB Kookmin Bank expands \'KB Hope Finance Center\' nationwide to support vulnerable groups

KB Kookmin Bank said it has expanded its \'KB Hope Finance Center\' from Seoul and Incheon to major hubs nationwide, including Daegu, Daejeon and Busan. The centres support vulnerable customers by providing debt adjustment and credit counselling services. The bank said the centres also guide customers on debt relief systems and policy finance products, including options to switch from high-interest loans. It also introduced an AI agent to strengthen counselling support.

Finance

IBK Industrial Bank of Korea Q1 net profit 7.534 trillion won, down 7.5 percent

IBK Industrial Bank of Korea said on April 24 it posted consolidated first-quarter net profit of 7.534 trillion won and separate net profit of 6.663 trillion won. Consolidated net profit fell 7.5 percent from a year earlier and separate net profit declined 12.4 percent. The bank cited a base effect from last year’s record first quarter and the impact of Iran-driven exchange rate variables.

Finance

KB Financial Q1 net profit 1.8924 trillion won, up 11.5 percent on year

KB Financial Group said first-quarter net profit rose 11.5 percent from a year earlier to 1.8924 trillion won, helped by higher fee income at its bank, securities and asset management units despite increased market volatility. Non-bank units raised their contribution to fee income and net profit. Key capital and soundness metrics stayed stable, with a CET1 ratio of 13.63 percent and a BIS ratio of 15.75 percent as of end-March.