kb financial group

KB Financial Group Q1 Net Profit Surges 11.5% to Record 1.89 Trillion Won

KB Financial Group reported record Q1 net profit of 1.89 trillion won (US$1.27 billion), up 11.5% year-on-year, beating analyst expectations of 1.81 trillion won. Interest income rose 2.2% to 3.33 trillion won while non-interest income surged 27.8% to 1.65 trillion won. Operating income jumped 19% to 2.72 trillion won with revenue up 55.5% to 30.69 trillion won.