Form 6-K Current Reports
Kookmin Bank’s 2003 1st Quarter Operating Results(Apr. 22, 2003)
2003-04-24On April 22, 2003, Kookmin Bank has released operating result for the first quarter of 2003 as follows:
| • 2003 1st Quarter Earnings Conference Presentation Material |  |
| • 2003 1st Quarter Fact Book | Excel File |
Financial Highlights
The figures in this section are taken from unaudited and non-consolidated financial statements. They are subject to change during the course of review process by our independent auditor.
• Balance sheet figures
| (tn won) | As of March 31, 2003 | ||
|---|---|---|---|
| 2003 | 2002 | Change(%) | |
| Total Assets | 178.9 | 160.5 | 11.5 |
| Loans in Won | 120.0 | 99.6 | 20.5 |
| Total Liabilities | 168.8 | 150.7 | 12.0 |
| Deposits in Won | 126.8 | 120.3 | 5.4 |
| Total Stockholders' Equity | 10.1 | 9.8 | 3.1 |
• Operating results
| (bn won) | For the 3 month period ended March 31, 2003 | ||
|---|---|---|---|
| 2003 | 2002 | Change(%) | |
| Operating Income | 364.5 | 769.2 | -52.6 |
| Operating Income before Provisioning | 1,021.0 | 994.8 | 2.6 |
| Net Income | 73.9 | 672.2 | -89.0 |
| Income before Provisioning | 827.5 | 1,201.3 | -31.1 |
• Key financial indicators are as follows
NIM: 3.20%
Return on assets (annualized): 0.17%
Return on equity (annualized): 2.93%
• Asset Quality
| (bn won) | As of March 31, 2003 | ||
|---|---|---|---|
| 2003 | 2002 | Change(%, %p) | |
| Total Loans for NPL Management | 136,037.6 | 118,006.1 | 15.3% |
| Allowance for Loan Loss | 2,928.3 | 2,586.5 | 13.2% |
| Substandard & Below Ratio | 3.38% | 3.42% | -0.04%p |
| Coverage Ratio | 63.6% | 64.1% | -0.50%p |
| Delinquency Ratio | 3.39% | 2.48% | 0.91% |
This document and the attached presentation material contain forward-looking statements, as defined in the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Kookmin Bank’s current views with respect to future events and financial performance, and are subject to certain risks and uncertainties, which could cause actual results to differ materially from those anticipated. Although Kookmin Bank believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be attained. Kookmin Bank undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.