KB Financial Group Inc. (NYSE:KB) Q1 2023 Earnings Call Transcript

Unidentified Company Representative: Regarding the PF exposure, it’s about KRW11 trillion. And our CFO commented that it’s not for specific provisioning in the PF for the different areas, but regarding delinquencies or any problematic businesses, well, we are just provisioning it according to our general standards and PF loans are a great issue in the market nowadays. So, it is four different businesses in our group that we are responding to this risk preemptively and we are responding to it individually and also because of the market situation. So, we have had soft landings with the agreements and others. So, we will need to wait and see. And we also expect many businesses to normalize and we are responding to each case individually.

And if looking at the market, we are seeing some slow speed then we will also be looking toward for additional provisioning if required. Thank you very much for your question. It seems that we are waiting for questions to come into the queue, we will wait.

Unidentified Company Representative: While preparing for today’s earnings presentation, we felt that you would be interested in our insurance as well as our provision-related positions. So, I think there were an ample number of questions that came in regarding those topics. We will still wait just one more moment for any additional questions I see that there are no further questions in the queue. So, this brings us to the end of the Q&A. Thank you very much.