KB Financial Group Inc. (KB) on Q3 2021 Results - Earnings Call Transcript

Oct. 21, 2021 11:49 AM ETKB Financial Group Inc. (KB)
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Call Start: 03:00 January 1, 0000 4:14 AM ET

KB Financial Group Inc. (NYSE:KB)

Q3 2021 Earnings Conference Call

October 21, 2021 03:00 ET

Company Participants

Peter Kweon - Managing Director & Head of Investor Relations

Hwan Ju Lee - Senior Executive Vice President & Chief Financial Officer

Chang Kwon Lee - Senior Executive Vice President & Chief Global Strategy Officer

Whan Han Dong - Senior Executive Vice President & Chief Digital Platform Officer

Conference Call Participants

Do Ha Kim - Hanwha Investment

Jin-Sang Kim - Hyundai Securities

Jaewoo Kim - Samsung Securities

Young-Soo Seo - Kiwoom Securities

Yafei Tian - Citigroup Inc.

Peter Kweon

Greetings. I am Peter Kweon, Head of IR at KB Financial Group. We will now begin the 2021 Q3 Business Results Presentation and thank you for your participation today. We have here with us our group CFO and SEVP, Lee Hwan Ju, and other executives from the group. We will first have CFO and SEVP, Lee Hwan Ju, walk us through the 2021 Q3 major highlights and then have a Q&A session after the presentation.

I would like to invite our SEVP to deliver the 2021 Q3 presentation.

Hwan Ju Lee

Good afternoon. I am Lee Hwan Ju, CFO of KB Financial Group. Thank you for joining KBFG's third quarter 2021 earnings release presentation. Before presenting on the company earnings, I will brief you on the overall operational backdrop first. Last August, in light of recovery trend of domestic economy and inflationary pressure and deepening financial imbalance, BOK hiked policy rate by 25 basis points for the first time in 15 months. Following the rate hike expectations on NIM improvement drove, rise in banking sector share prices, though temporarily. But with the spread of the delta variant and concerns around peak out of economic momentum and early tapering in the U.S., uncertainties, both internal and external are adding up.

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