[컨콜] KB Finance “We apologize for failing to expect dividends…Recovery of shareholder return in the second half”

[서울=뉴스핌] Reporter Lee Jung-yoon: KB Financial Group announced that it did not meet the market’s expectations regarding its dividend reduction to 20% last year, but it will recover in the second half of the year.

Lee Hwan-ju, vice president of KB Finance, said in a conference call to announce the results of 2020 on the 4th, “I am very sorry that last year’s dividends did not meet market expectations.” “I decided to set the dividend payout ratio to 20%,” he said.

On the 4th, Lee Hwan-ju, vice president of KB Finance, is giving questions and answers at a conference call after the 2020 results were announced. (Screen capture = Reporter Jeongyoon Lee)

However, this dividend payout ratio is a temporary measure, and the level of dividends communicated with the market remains in effect. KB Financial’s dividend payout ratio in 2019 was 26.0%.

Vice President Lee said, “As the capital management recommendation is until the end of June, if the economic situation eases in the second half of the year, we will quickly recover the shareholders’ return.” “I will.”

Regarding the results of the stress test for each scenario conducted by the financial authorities, he said, “Even in the L-shaped long-term downturn scenario, KB Finance showed an appropriate level and had its own performance.” “There is a result.”

He added, “As we have done so far, we will take the most in-depth consideration and take one step further in the industry regarding shareholder return.”

Earlier, the financial authorities recommended that the dividend payout ratio of domestic banks be reduced to within 20% by June this year in response to Corona 19. This is because the banknote’s capital management is necessary in preparation for the prolonged Corona 19.

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