Form 6-K Current Reports
Kookmin Bank’s 3rd Quarter Results Highlights(Oct. 25, 2002)
2002-10-26On October 25, 2002, Kookmin Bank has released operating result for the third quarter of 2002. The following is the copy of press release.
• Income
| (billion Won) | For the 9-month periods ended Sep. 30 | |
|---|---|---|
| 2002 | 2001 | |
| Operating Income | 1,994.5 | 2,038.7 |
| Net Income | 1,512.9 | 1,627.0 |
| Income before Provisioning | 3,199.0 | 3,259.1 |
• Key Financial Indicators
| 3Q 2002 | FY 2001 | |
|---|---|---|
| ROA (%) | 1.27* | 0.98 |
| ROE (%) | 20.09* | 18.16 |
| EPS (Won) | 6,367* | 4,959 |
* Annualized number
• Asset Quality
| As of Sep.30, 2002 | As of Dec.31, 2001 | |
|---|---|---|
| Substandard and below loans/total loans (%) | 3.02 | 3.56 |
| Delinquency ratio (%) | 3.06 | 2.51 |
• Others
This information is in conformity with Korean GAAP. The figures are taken from unaudited and non-consolidated financial statements. They are subject to change during the course of review process by our independent auditor.
Figures for year 2001 have been derived from pro-forma financial statements in connection with the merger. Kookmin Bank’s official accounting measure for reporting is the purchase method of accounting.
Kookmin Bank will have the 3rd quarter results presentation at noon (Eastern Standard Time), October 24 in New York and we will post the presentation material on Kookmin Bank’s website (www.kbstar.com).
This press release contains 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.