KB Financial Group (KB Financial Group) Credit Losses Provision : $2,217 Mil (As of Mar. 2024)

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What is KB Financial Group Credit Losses Provision?

KB Financial Group's credit losses provision for the three months ended in Mar. 2024 was $322 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $2,217 Mil.

KB Financial Group's quarterly credit losses provision increased from Sep. 2023 ($336 Mil) to Dec. 2023 ($1,057 Mil) but then declined from Dec. 2023 ($1,057 Mil) to Mar. 2024 ($322 Mil).

KB Financial Group's annual credit losses provision increased from Dec. 2021 ($1,001 Mil) to Dec. 2022 ($1,428 Mil) and increased from Dec. 2022 ($1,428 Mil) to Dec. 2023 ($2,412 Mil).

KB Financial Group Credit Losses Provision Historical Data

The historical data trend for KB Financial Group's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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KB Financial Group Credit Losses Provision Chart

KB Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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570.51

954.02

1,001.05

1,428.44

2,412.16

KB Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															511.62	502.06	336.29	1,056.61	321.60

KB Financial Group Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,217 Mil.

KB Financial Group (KB Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KB Financial Group Inc (NYSE:KB) » Definitions » Credit Losses Provision

Traded in Other Exchanges

105560:Korea KBIA:Germany KB:Argentina

Address

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, KOR, 07331

Website

https://www.kbfg.com

KB Financial is the parent company of KB Kookmin Bank, Korea's largest commercial bank, with a 12.8% share of loans as of 2022. Its predecessor banks were established in the 1960s as government policy banks and privatized in the 1990s. Its credit card subsidiary KB Kookmin Card is the number-three player behind Shinhan Card and Samsung Card. KB has in recent years expanded its nonbank business by buying LIG Insurance and Hyundai Securities, making KB a top-five player in nonlife insurance and in securities, and most recently by buying Prudential Life Insurance Korea. It also has KB Capital, which provides leasing and installment finance.