KB Financial Issues 4.33T Won Subordinated Debt & 600B Won Buyback

KB Financial Group issued 4.33 trillion won of Series 14 write-down contingent capital notes (4.50% coupon, 5-year call)
Board approved 600 billion won share buyback and cancellation on Feb 5, 2026 (to be completed by Apr 20, 2026)
End-2025 BIS ratios: total capital 16.20%, Tier 1 15.21%, CET1 13.82% (well above regulatory minimums)
2025 year-end dividend of 1,605 won per share (total 573.8 billion won); total dividends including quarterly payouts of 1.004 trillion won
2025 share buyback of 1.48 trillion won and cancellation of 12,066,320 shares completed
Double leverage ratio of 107.75% (below recommended 130%)
Pending litigation: 361 cases as defendant (claim amount 978.7 billion won), 123 cases as plaintiff (536.1 billion won) – some risk
PF completion guarantee provisions of 140.1 billion won; bank NIM at 1.74% (vulnerable to rate cuts)
Prompt corrective action buffer of approximately 29.274 trillion won (based on total capital ratio) – strong capital position

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