KB Kookmin Bank

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KB Kookmin Bank
KB국민은행
Type Public
Traded as KRX: 060000
NYSEKB
Founded 1963
Headquarters Jung-gu, Seoul, South Korea
Key people Min Byong Deok, (CEO)
Products Financial Services
Revenue Increase US$26.5 billion (2012)
Website www.kbfng.com
Korean name
Hangul KB국민은행
Hanja KB國民銀行
Revised Romanization KB Gungmin Eunhaeng
McCune–Reischauer KB Kungmin Ŭnhaeng

KB Kookmin Bank (Korean: KB국민은행) or KB is the largest bank by both asset value and market capitalization in South Korea.

Kookmin intended to take over Korea Exchange Bank, a government-owned bank with offices in foreign countries, by the end of 2006, to facilitate foreign exchange and corporate banking (as in contrast Kookmin is better known for its consumer banking services). The deal to buy Korea Exchange Bank was contingent on not finding any evidence of criminality when the Lone Star Equity Funds purchased Korea Exchange Bank in 2003. However as of December 2006, the takeover will not happen having been cancelled by Lone Star.[1]

In Sep, 2004, Kookmin Bank set to restate its 2003 and 2004 earnings after a financial watchdog found the bank avoided $270 million in taxes.[2]

According to the company website, Kookmin EPS in 2006 was 6977 South Korean won, and the dividend paid was 550 won per share. In September 2006 the share price was 73,000 won.

On March 18, 2008, the share price was US$51.40.

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References[edit]

  1. ^ source: "The Monday Interview: Empire-builder with designs on a global 'super-bank'" in Monday June 26, 2006 issue of Financial Times newspaper p. 6 (possibly available online with subscription from www.ft.com)
  2. ^ "Kookmin Bank set to revise earnings on probe result". 

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