KB Financial Group (KB Financial Group) Allowance For Loans And Lease Losses : $-4,188 Mil (As of Dec. 2023)

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What is KB Financial Group Allowance For Loans And Lease Losses?

KB Financial Group's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-4,188 Mil.

KB Financial Group's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-3,710 Mil) to Sep. 2023 ($0 Mil) but then declined from Sep. 2023 ($0 Mil) to Dec. 2023 ($-4,188 Mil).

KB Financial Group's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-3,112 Mil) to Dec. 2022 ($-3,217 Mil) and declined from Dec. 2022 ($-3,217 Mil) to Dec. 2023 ($-4,188 Mil).

KB Financial Group Allowance For Loans And Lease Losses Historical Data

The historical data trend for KB Financial Group's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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KB Financial Group Allowance For Loans And Lease Losses Chart

KB Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-2,049.89

-3,001.83

-3,111.83

-3,216.69

-4,188.00

KB Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-3,216.69	-3,573.59	-3,710.11	-	-4,188.00

KB Financial Group Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

KB Financial Group Allowance For Loans And Lease Losses Related Terms

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KB Financial Group (KB Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KB Financial Group Inc (NYSE:KB) » Definitions » Allowance For Loans And Lease Losses

Traded in Other Exchanges

105560:Korea KBIA:Germany KB:Argentina

Address

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, KOR, 07331

Website

https://www.kbfg.com

KB Financial is the parent company of KB Kookmin Bank, Korea's largest commercial bank, with a 12.8% share of loans as of 2022. Its predecessor banks were established in the 1960s as government policy banks and privatized in the 1990s. Its credit card subsidiary KB Kookmin Card is the number-three player behind Shinhan Card and Samsung Card. KB has in recent years expanded its nonbank business by buying LIG Insurance and Hyundai Securities, making KB a top-five player in nonlife insurance and in securities, and most recently by buying Prudential Life Insurance Korea. It also has KB Capital, which provides leasing and installment finance.