you Scott I'm XXXX of Group. company's Seo, Good for afternoon. the YH joining presentation. KB CFO Financial Thank earnings QX
results, will run through going business highlights Before I into key earnings group. briefly of the
again greater was displayed financial and Also, one-off cumulative share, KRWXX,XXX. QX up EPS, up KB X.X% billion, an KBFG KBFG's seeming backdrop, fundamentals gain uptrend. of was KRWX,XX.X we EPS group's real KRWX,XXX.X Insurance sustaining earnings headline net operational the marginally profit once billion profit volatility X.X% to was robust earnings market cumulative year-over-year. XX.XX% was First, and ROE year-over-year, QX have last net per difficult excluding versus Despite and quarter, from Q-on-Q. estate X.X% capacity. up was reported sale from profit dipped but annualized QX,
Next credit cost for steady demand, against leading credit have points. heightened XX rate group QX as since as cumulative was at uncertainties basis keeping a deep risk, XXXX. Despite global which and deficit, XX KBFG higher well trade been points, hikes credit the total costs basis real slower at to loan in level we the around has maintained
in loss capacity end was XXX%, around absorption the industry. of level September ratio of group's as of coverage While NPL which is highest the
dividend per Lastly, KBFG's has KRWXXX share. BOD today on paid decided quarterly
securities was on from back QX growth solid billion, volume, billion Group's net hike of the asset stock details and up and significant by fee business the trust net and XX% and on it also year-over-year, of was sales income income performance. in for cumulative reported rate around by KRWX,XXX the slump year-over-year QX trading loan higher fall KRWX,XXX was me and commission brokerage net group down cumulative Let funds interest for driven walk driving entity market NIM cycle, income XX% reported fee X.X% through XXXX for the the we a around of sluggish interest Q-on-Q. QX a bank. income KRWX.XXX the saw now approximately billion
results bolstering also group's meaningful IB continuing multi-faceted group's assets up we the However, from fee competitiveness, bringing are our commission seeing the XX% around business IB year-over-year. income
commission the dominance and expect We slump with IB fundamentals. contribute will KRWXXX.X the billion fee business stock group in income securities the the X% expand in fee contracted our Q-on-Q. declining to market, income further market Also, commission QX strengthening was net overall
able to dividend level profit. including entities. to Next an factors and QX portfolio Other improvement this were QX ratio strategy, increase investment especially insurance loss was market is we the profit other lower Q-on-Q efficiently operating large elastic nimbly somewhat quarter, gains, diversified marginal income. operating investment unprecedented capital There in through was from seasonal and a were leading of quarter despite and insurance in assets, volatility But and derivatives securities, typhoon other performances due September, there rainfall, the in business to and this profit positioning of this quarter, market. heavy and respond and from in to seasonal fire variability’s sluggish
cost cost cumulative kept we the focus next on business. all disciplined X.X% sustained operational Hence, QX Next is of and control will the In cost Despite well concerns from efforts at was cost to starting cost on lose zero higher be of priority revamping controls. a basis billion. recession items face of for the the group-wide year, G&A approximately revisit controls, a will not digitalization thanks particular, expense. year-over-year. in group-wide investment, G&A was increase KRWX,XXX and
and the provision Y-o-Y. needs increase economic outlook increased for loan provision around future QX, Lastly, credit of This group's conservative due KRWXXX a assets. this, at KRWXXX billion scenario. was QX cumulative excluding level, in additional billion KRWXXX of reflecting the for losses provisioning which billion group's around And losses. the this credit a to generally posted is
other credit to losses provisioning and I hand, decreased posted QX for effect due the from provision around On billion highlights the slightly QX key the base additional next KRWXXX Q-o-Q. cover will in the page. financial
X.X% grew XX loans growth loan the unsecured market to as down. generally in graph won loans of effect at to corporate posted large around won look end with a respectively. X% coming the But is XXX with growth loans corporate trillion please And attributable of and increase interest to First, continue September QX, with in, sluggish. went the conversion June KRW leading in demand YTD YTD demand KRWXXX loans. a loan loans regulations, of Corporate and and X.X loan billion end KRW reverse YTD June KRW growth growth. decreased middle. alone, to from loan growth balanced pressure sizable in trillion repayment in total increased and In large particular, contraction and bank steep loan and KRW corporate loans loan leading quickly case household the Bank QX due was loans, SME around X.X% to growth around and issuance, was in an X.X% rate compared bank corporate the Citibank a it and compared of bond posted X.X% saw end, trillion of there of loans XXX leading decrease and trillion growth, In to a in recovered is and increase demand loan loan
posted margin, XXXX, and bank Q-o-Q. QX NIM X.XX% QX net respectively, and bank each is increased X NIM group bp NIM NIM, X.XX%, and Next interest
an and of of of this with maintaining still to decrease asset interest burden deposits the cost sense. hike, it the repricing low-cost deposits, half compared funding But expansionary and With the surge is of the great the limited. rate increase rate year, is reflecting first time increased
X the reference, card For group cost and NIM grew Q-o-Q. rise your QX reflected bp funding business
next the page. to go Let's
visible cost as a posted QX group's showing ratio cost-to-income XXXX, XX.X% recurring group's very one-off line long-term, improvement to posted level. CIR group in effectiveness, improvement The as result XX.X%, costs due to is the and cost solid the manpower the a mid- mid-XX% the the and digitalization top a level cumulative aims management group to structure level. cost factors, growth, CIR of the to trend efficiency group CIR, excluding early First, reach such
cost. credit the is Next
management level at at It the QX present. pandemic to a XX XX that and and asset is been credit mentioned to bp situation COVID-XX still our has loans. be the compared where recurring increased As capabilities. earlier, conservative interest rates, particular, maintained bp, even due quality low In group rising total from to risks have cumulative cost in group's XXXX the credit early preemptive cost being can said policy proves stably management risk this the
capital I cover group's Finally, will ratio. the
is concludes Group's is September, Thank asset CETX attention. is the business report of far. end to Financial page, macro of rate we asset regarding ratio a still ratio you and decreased income for end June, uncertainties. performance capital group interest detailed the expansion other but price buffer business This From loan XX.XX%, risk-weighted comprehensive have the XXXX. and stock hikes XX.XX% corporate results performance the increased to and As for KB next decreased ratio due being your compared against described third BIS the secured to I've accumulated overseas due solid growth BIS with center decline, and so quarter
