Ta b l e o f C o n t e n t s E x h i b i t 9 9 . 1 K B F i n a n c i a l G r o u p I n c . a n d S u b s i d i a r i e s C o n s o l i d a t e d I n t e r i m F i n a n c i a l S t a t e m e n t s J u n e 3 0, 2 0 2 2 a n d 2 0 2 1 ( U n a u d i t e d ) ( Wi t h I n d e p e n d e n t A u d i t o r s' R e v i e w R e p o r t T h e r e o n ) Table of Contents Contents | Independent Auditors' Review Report | Page 1 | | --- | --- | | Consolidated Interim Statements of Financial Position | 3 | | Consolidated Int ...

KB Financial Group Inc. (NYSE:KB) Q2 2022 Results Conference Call July 21, 2022 3:00 AM ET Company Participants Peter Kweon - Head, IR Scott Seo - Group CFO and Senior Managing Director Pil-Kyu Im - CRO Conference Call Participants Samsung Securities - Jaewoo Kim Yafei Tian - Citi Securities Peter Kweon Greetings. I am Peter Kweon, the Head of IR at KBFG. We will now begin the 2022 first half business results presentation. I would like to express my deepest gratitude to everyone for participating today. We ...

KB 세상을 바꾸는 금융 | 관택행복더나은세상을 LISTED NYSE 1H22 Business Results July 2022 *6 KB Financial Group Contents 2 Ⅰ. 1H22 Financial Highlights Ⅱ. Financial Analysis Ⅲ. Asset Quality Ⅳ. Financial Highlights of Major Subsidiaries Ⅴ. Appendix 1. The consolidated financial information of KB Financial Group Inc. (the "Group") presented herein is based on the Korean International Financial Reporting Standards(K-IFRS). It is currently being reviewed by the Group's independent auditor, and accordingly, is subject to change. ...

Table of Contents As filed with the Securities and Exchange Commission on April 27, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...

Financial Data and Key Indicators Changes - Q1 2022 net profit attributable to controlling interest increased by 14% year-over-year to KRW 1.45 trillion, outperforming market consensus by 13% [5] - Annualized EPS rose by 14% year-over-year to KRW 14,892, while ROCE improved by 0.7 percentage points to 13.2% [5] - Group net interest income for Q1 2022 was KRW 2,648 billion, up 18.6% year-over-year [12] - The nominal credit cost for the group was around 15 basis points, with a running basis credit cost of 23 basis points [8][17] - The NPL coverage ratio increased to 218%, up 71 percentage points compared to pre-pandemic levels [8] Business Line Data and Key Indicators Changes - Group's loan in won increased by 9.7% year-over-year, driven by strong demand for SMEs and CIB lending despite declines in household loan balances [6] - Q1 net fee commission income was KRW 915 billion, showing a 3.8% quarter-on-quarter growth despite a slight year-over-year dip [13] - G&A expenses decreased by 2% year-over-year to KRW 1,691.8 billion, with a cost-to-income ratio of 45.4%, down by 4.3 percentage points [9][16] Market Data and Key Indicators Changes - As of the end of March 2022, bank loans in wons stood at KRW 321 trillion, reflecting a 0.8% year-to-date growth [18] - Corporate loans grew by 3.4% year-to-date, amounting to approximately KRW 5 trillion, while household loans decreased by 1.4% year-to-date [19] Company Strategy and Development Direction - The company plans to integrate Prudential Life with KB Life Insurance by the end of the year to improve capital adequacy and market competitiveness [11] - The focus for 2022 includes enhancing shareholder value through a quarterly dividend program and potential share buybacks [10][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 5% to 6% growth rate for corporate loans and a 4.5% growth target for household loans despite current market challenges [41][42] - The company will maintain a flexible interest rate policy while focusing on profitability amidst competitive pressures [44][45] Other Important Information - The company is enhancing its corporate banking digital platform to meet diverse client needs and maintain competitiveness in the market [24][25] - The integration of digitalization efforts is expected to yield cost efficiencies while expanding service offerings [9][24] Q&A Session Summary Question: Shareholder return policy and quarterly dividends - Management confirmed a quarterly dividend of KRW 500 per share for the first three quarters of 2022, with the year-end dividend to be determined based on various factors [34][38] Question: Interest rate strategies and loan demand - Management acknowledged a reduction in household loans due to rising rates and regulations but expects a recovery in demand as market conditions improve [40][42] Question: Impact of IFRS 17 on consolidated statements - Management indicated that the final requirements for IFRS 17 are still being assessed, and the impact will be clearer after the second half of the year [49][51] Question: Outlook for the securities business - Management noted a decline in brokerage fee income but expects improvements in institutional business and overall performance in the second half of the year [56][60] Question: Provisioning and COVID-related loans - Management emphasized a conservative approach to provisioning, with nominal credit costs reflecting a cautious stance despite some reversals [83][87]

[SEC Filing Information](index=1&type=section&id=SEC%20Filing%20Information) KB Financial Group Inc. filed Form 6-K in March 2022 as a foreign private issuer, filing annual reports under Form 20-F - KB Financial Group Inc. filed Form 6-K for March 2022 as a foreign private issuer, indicating its annual reports are filed under Form 20-F[1](index=1&type=chunk) [Annual General Meeting Details](index=2&type=section&id=Annual%20General%20Meeting%20Details) This section outlines the agenda and proposals for KB Financial Group Inc.'s 2021 Annual General Meeting [AGM Convocation and Agenda Overview](index=2&type=section&id=AGM%20Convocation%20and%20Agenda%20Overview) KB Financial Group Inc. announced its March 25, 2022, AGM for FY2021, with an agenda including financial statements, dividends, director appointments, and remuneration limits - Annual General Meeting of shareholders for fiscal year 2021 to be held on **March 25, 2022**[4](index=4&type=chunk) - Key agenda items include approval of financial statements, proposed dividend, appointment of directors (non-standing, non-executive, and audit committee members), approval of director remuneration limit, and a shareholder-proposed non-executive director[8](index=8&type=chunk) [Agendum 1: Approval of Financial Statements and Dividend Proposal](index=3&type=section&id=Agendum%201.%20Approval%20of%20Financial%20Statements%20and%20the%20Proposed%20Dividend%20Payment%20for%20Fiscal%20Year%202021) This agenda item seeks shareholder approval for the financial statements and the proposed dividend payment for fiscal year 2021, with detailed statements available as Exhibit 99.1 and 99.2 - Shareholders to approve financial statements and proposed dividend payment for **FY2021**[10](index=10&type=chunk) - Separate and Consolidated Financial Statements for FY2021 are attached as Exhibit 99.1 and 99.2, respectively[12](index=12&type=chunk) [Agendum 2: Appointment of Directors](index=4&type=section&id=Agendum%202.%20Appointment%20of%20directors%20(one%20non-standing%20director%20and%20six%20non-executive%20directors)) This agenda item proposes the appointment of one non-standing director and six non-executive directors, highlighting their expertise in finance, risk management, internal controls, legal, and digital innovation - Proposal for the appointment of **one non-standing director** and **six non-executive directors**[13](index=13&type=chunk) - Nominees include Jae Keun Lee (Non-Standing Director) and Suk Ho Sonu, Myung Hee Choi, Kouwhan Jeong, Seon-joo Kwon, Gyutaeg Oh, Jaehong Choi (Non-Executive Directors)[13](index=13&type=chunk) [Nominee for Non-Standing Director: Jae Keun Lee](index=4&type=section&id=Nominee%20for%20Non-Standing%20Director(1)(2)) Details Jae Keun Lee's career highlights and confirms no conflicts of interest or relationships with the largest shareholder Jae Keun Lee - Career Highlights | Position | Career Highlights | |---|---| | President & CEO, Kookmin Bank (Jan.2022~Present) | Senior Executive Vice President, Head of Sales Group, Kookmin Bank (Jan.2020~Dec.2021); Senior Managing Director, Head of Strategy & Finance Planning Group, Kookmin Bank (Jan.2019~Dec.2019); Managing Director & CFO, KB Financial Group (Jan.2017~Dec.2017) | - Nominee Jae Keun Lee has not engaged in any transaction with KB Financial Group Inc. in the past three years and does not have any relationship with the largest shareholder[14](index=14&type=chunk) [Nominees for Non-Executive Directors](index=6&type=section&id=Nominees%20for%20Non-Executive%20Directors(1)(2)(3)) Presents the list of non-executive director nominees and confirms their qualifications and independence Non-Executive Director Nominees and Key Positions | Name | Main Position | |---|---| | Suk Ho Sonu | Member of Advisory Committee, Korea Institute of Finance | | Myung Hee Choi | Vice President, Korea Internal Control Assessment Institute | | Kouwhan Jeong | Co-president Attorney at Law, Nambujeil Law and Notary Office Inc. | | Seon-joo Kwon | Chairman & CEO, Industrial Bank of Korea (Dec.2013~Dec.2016) | | Gyutaeg Oh | Professor, School of Business Administration, Chung-Ang University | | Jaehong Choi | Professor, Department of Multimedia & IT Engineering, Gangneung-Wonju National University | - All non-executive director nominees meet legal and internal requirements, with no recent transactions with KB Financial Group or relationships with the largest shareholder, and no disqualifying legal grounds[17](index=17&type=chunk) [Goals and Objectives of Non-Executive Director Nominees](index=8&type=section&id=Goals%20and%20Objectives%20of%20Non-Executive%20Director%20Nominees) Outlines the strategic goals and objectives of the non-executive director nominees, focusing on growth, governance, and digital innovation - Suk Ho Sonu aims to provide advice on long-term strategies, stable growth, value creation, and ESG, leveraging expertise in finance, risk management, and corporate governance[18](index=18&type=chunk) - Myung Hee Choi focuses on overseeing internal control systems and improving the non-executive director nominating process, drawing on expertise in internal controls and finance[18](index=18&type=chunk) - Jaehong Choi intends to guide the Group in becoming a 'No.1 Financial Platform' through digital innovations, drawing on expertise in mobile, platform, and metaverse technologies[19](index=19&type=chunk) [Board's Reasons for Recommending Directors](index=10&type=section&id=The%20Board%20of%20Directors'%20Reasons%20for%20Recommending%20the%20Nominees) Explains the Board's rationale for recommending each director nominee based on their expertise and potential contributions - Jae Keun Lee is recommended for his extensive banking industry knowledge, leadership at Kookmin Bank, and ability to provide solutions in uncertain environments[20](index=20&type=chunk) - Myung Hee Choi is recommended for her expertise in finance and internal controls, contributions to compliance, and leadership in the Non-Executive Director Nominating Committee[20](index=20&type=chunk) - Jaehong Choi is recommended for his ICT expertise, insights into the IT industry, and potential contributions to digital innovation and the Group's 'No.1 Leading Platform' goal[22](index=22&type=chunk) [Agendum 3: Appointment of Non-Executive Director for Audit Committee](index=13&type=section&id=Agendum%203.%20Appointment%20of%20a%20non-executive%20director,%20who%20will%20serve%20as%20a%20member%20of%20the%20Audit%20Committee) This agenda item proposes the appointment of Kyung Ho Kim as a non-executive director who will also serve as an Audit Committee member, detailing his qualifications and the Board's rationale - Proposal for the appointment of Kyung Ho Kim as a non-executive director and member of the Audit Committee[23](index=23&type=chunk) [Nominee for Non-Executive Director, Audit Committee Member: Kyung Ho Kim](index=13&type=section&id=Nominee%20for%20Non-Executive%20Director,%20Who%20Will%20Serve%20as%20a%20Member%20of%20the%20Audit%20Committee(1)(2)(3)) Details Kyung Ho Kim's career, qualifications, and independence as a nominee for the Audit Committee Kyung Ho Kim - Career Highlights | Main Position | Career Highlights | |---|---| | Professor, School of Business Administration, Hongik University (Aug.1991~Feb.2020) | Non-Executive Director, Citibank Korea Inc. (Mar.2015~Feb.2019); Vice President, Hongik University (Mar.2017~Aug.2018); Advisory Board Member, The Korea Development Bank (Apr.2015~Dec.2017); Chairman of the Group's Audit Committee (past experience) | - Nominee Kyung Ho Kim has not engaged in any transaction with KB Financial Group Inc. in the past three years and does not have any relationship with the largest shareholder, and meets all legal and internal requirements[25](index=25&type=chunk) [Goals and Objectives & Board's Reasons for Recommendation](index=14&type=section&id=Goals%20and%20Objectives%20of%20the%20Non-Executive%20Director%20Nominee) Outlines Kyung Ho Kim's objectives for enhancing accounting transparency and the Board's rationale for his recommendation based on expertise - Kyung Ho Kim aims to enhance accounting transparency, ensure efficient internal account control, and monitor management decisions fairly, leveraging his accounting expertise and experience as Audit Committee chairman[26](index=26&type=chunk) - The Board recommends Kyung Ho Kim for his extensive accounting expertise, insights into corporate governance, and leadership as chairman of the Audit Committee, particularly in enhancing audit expertise and providing advice on capital and ESG policy[27](index=27&type=chunk) [Agendum 4: Appointment of Audit Committee Members](index=15&type=section&id=Agendum%204.%20Appointment%20of%20Members%20of%20the%20Audit%20Committee,%20Who%20Are%20Non-Executive%20Directors) This agenda item proposes the appointment of Suk Ho Sonu, Myung Hee Choi, and Kouwhan Jeong as Audit Committee members, detailing their qualifications and the Board's reasons for recommendation - Proposal for the appointment of Suk Ho Sonu, Myung Hee Choi, and Kouwhan Jeong as members of the Audit Committee[28](index=28&type=chunk) [Nominees for Audit Committee Members](index=15&type=section&id=Nominees%20for%20Members%20of%20the%20Audit%20Committee,%20Who%20Are%20Non-Executive%20Directors(1)%20(2)) Lists the nominees for the Audit Committee and confirms their adherence to legal and internal requirements Audit Committee Nominees and Key Positions | Name | Main Position | |---|---| | Suk Ho Sonu | Member of Advisory Committee, Korea Institute of Finance | | Myung Hee Choi | Vice President, Korea Internal Control Assessment Institute | | Kouwhan Jeong | Co-president Attorney at Law, Nambujeil Law and Notary Office Inc. | - All nominees for the Audit Committee meet legal and internal requirements, with no recent transactions with KB Financial Group or relationships with the largest shareholder, and no disqualifying legal grounds[30](index=30&type=chunk) [Board's Reasons for Recommending Audit Committee Members](index=16&type=section&id=The%20Board%20of%20Directors'%20Reasons%20for%20Recommending%20the%20Nominated%20Members%20of%20the%20Audit%20Committee,%20Who%20Are%20Non-Executive%20Directors) Explains the Board's rationale for recommending each Audit Committee nominee based on their expertise and contributions - Suk Ho Sonu is recommended for his expertise in finance and risk management and his contributions to the independent operation of the Audit Committee[31](index=31&type=chunk) - Myung Hee Choi is recommended for her expertise in finance and internal controls, and her suggestions for effective internal controls and compliance measures[31](index=31&type=chunk) - Kouwhan Jeong is recommended for his legal expertise, consumer protection experience, and contributions to enhancing internal control in subsidiaries[31](index=31&type=chunk) [Agendum 5: Approval of Aggregate Remuneration Limit for Directors](index=17&type=section&id=Agendum%205.%20Approval%20of%20the%20Aggregate%20Remuneration%20Limit%20for%20Directors) This agenda item seeks approval for the aggregate remuneration limit for directors for fiscal year 2022, proposing a maximum of Won 3.0 billion plus up to 30,000 treasury shares for long-term incentives Director Remuneration Limits and Payments | Metric | For fiscal year 2022 (Proposed) | For fiscal year 2021 (Actual) | |---|---|---| | Number of Directors (Non-Executive Directors) | 9 (7)* | 9 (7) | | Aggregate Remuneration Limit | Won 3.0 billion | Won 3.0 billion | | Long-term Incentives (Treasury Shares) | Max 30,000 shares | Not included in Won 1.863 billion, but within approved limit | | Aggregate Remuneration Paid | N/A | Won 1.863 billion* | - The proposed aggregate remuneration limit for directors for FY2022 is **Won 3.0 billion**, with an additional limit of **30,000 treasury shares** for long-term incentives[33](index=33&type=chunk) [Agendum 6: Shareholder Proposal for Non-Executive Director Appointment](index=18&type=section&id=Agendum%206.%20Appointment%20of%20a%20Non-Executive%20Director%20(proposed%20by%20the%20Labor%20Union%20of%20Kookmin%20Bank,%20a%20chapter%20of%20the%20Korean%20Financial%20Industry%20Union,%20and%20others)*) This agenda item presents a shareholder proposal to appoint Mr. Young Soo Kim as a non-executive director, which the Board recommends voting against due to qualification concerns - Shareholder proposal by the Labor Union of Kookmin Bank to appoint Mr. Young Soo Kim as a non-executive director[35](index=35&type=chunk)[36](index=36&type=chunk) - The Board of Directors recommends shareholders vote against Agendum 6, citing concerns about the nominee's qualifications under the Financial Company Governance Act and potential conflict of interest[39](index=39&type=chunk)[41](index=41&type=chunk) [Nominee for Non-Executive Director: Young Soo Kim](index=18&type=section&id=Nominee%20for%20Non-Executive%20Director(1)(2)(3)) Details Young Soo Kim's career highlights and confirms his independence as a shareholder-proposed nominee Young Soo Kim - Career Highlights | Main Position | Career Highlights | |---|---| | Financial Advisor, Pantra Corporation (Jan.2022~Present) | Executive Vice President, Korea Overseas Infrastructure & Urban Development Corporation (May.2018~Nov.2021); Executive Director and Head of New Growth Business Finance Group/SME Finance Group, The Export-Import Bank of Korea (Jul.2015~May.2018) | - Nominee Young Soo Kim has not engaged in any transactions with KB Financial Group during the past three years and does not have any relationships with the largest shareholder, and meets legal grounds for qualification[35](index=35&type=chunk)[36](index=36&type=chunk) [Goals and Objectives of Shareholder-Proposed Nominee](index=18&type=section&id=Goals%20and%20Objectives%20of%20Non-Executive%20Director%20Nominees) Outlines Young Soo Kim's objectives to contribute to shareholder value, management oversight, and global business sustainability - Young Soo Kim aims to contribute to shareholder value-centered management, constructively check management, and ensure sustainability of global business by reviewing its direction and enhancing understanding of potential risks[37](index=37&type=chunk) [Board of Directors' Position on Shareholder Proposal](index=19&type=section&id=Reference%20Materials:%20The%20Board%20of%20Directors'%20position%20on%20Agendum%206%20(appointment%20of%20a%20non-executive%20director),%20proposed%20by%20the%20Labor%20Union%20of%20Kookmin%20Bank,%20a%20chapter%20of%20the%20Korean%20Financial%20Industry%20Union,%20and%20others) Explains the Board's recommendation to vote against the shareholder proposal, citing concerns about the nominee's qualifications and existing board expertise - The Board of Directors recommends voting against Agendum 6, despite including it on the agenda, as it believes the proposal is not in the best interest of the Group and its shareholders[39](index=39&type=chunk) - The Board's Non-Executive Director Nominating Committee concluded that Mr. Young Soo Kim might not qualify due to potential conflict of interest from prior employment with a company having material transactions with a KB Financial Group subsidiary[41](index=41&type=chunk) - The Board asserts that its current composition already includes leading experts in global finance, business management, and accounting, making an additional director with global business expertise unnecessary[42](index=42&type=chunk) [Signatures](index=20&type=section&id=SIGNATURES) This section confirms the official signing of the Form 6-K report by KB Financial Group Inc.'s Chief Finance Officer - The Form 6-K report was signed on **March 7, 2022**, by Scott Y. H. Seo, Senior Managing Director and Chief Finance Officer of KB Financial Group Inc[45](index=45&type=chunk) [Exhibit 99.1: Separate Financial Statements](index=21&type=section&id=Exhibit%2099.1%20Separate%20Financial%20Statements%20for%20Fiscal%20Year%202021) This exhibit presents the separate financial statements for KB Financial Group Inc. for fiscal years 2021 and 2020 - Exhibit 99.1 contains the separate financial statements of KB Financial Group Inc. for **2021** and **2020**[47](index=47&type=chunk) [Separate Statements of Financial Position](index=21&type=section&id=KB%20Financial%20Group%20Inc.%20Separate%20Statements%20of%20Financial%20Position) The separate statement of financial position for KB Financial Group Inc. shows an increase in total assets and total equity from 2020 to 2021, driven by growth in investments in subsidiaries and hybrid securities, while total liabilities decreased Separate Statements of Financial Position (2021 vs 2020) | (In millions of Korean won) | December 31, 2021 | December 31, 2020 | Change (YoY) | |---|---|---|---| | **Assets** | | | | | Total assets | W28,871,379 | W28,108,491 | +W762,888 | | Investments in subsidiaries | 26,741,438 | 26,519,880 | +W221,558 | | **Liabilities** | | | | | Total liabilities | 6,358,405 | 7,122,871 | -W764,466 | | Debentures | 5,552,791 | 6,128,043 | -W575,252 | | **Equity** | | | | | Total equity | 22,512,974 | 20,985,620 | +W1,527,354 | | Hybrid securities | 2,837,981 | 1,695,778 | +W1,142,203 | | Retained earnings | 3,974,206 | 3,588,757 | +W385,449 | [Separate Statements of Comprehensive Income](index=22&type=section&id=KB%20Financial%20Group%20Inc.%20Separate%20Statements%20of%20Comprehensive%20Income) The separate statements of comprehensive income show an increase in profit for the year and total comprehensive income for KB Financial Group Inc. from 2020 to 2021, with basic earnings per share also rising Separate Statements of Comprehensive Income (2021 vs 2020) | (In millions of Korean won) | 2021 | 2020 | Change (YoY) | |---|---|---|---| | Profit for the year | W1,438,866 | W1,379,415 | +W59,451 | | Total comprehensive income for the year | W1,438,568 | W1,379,047 | +W59,521 | | Basic earnings per share | W3,509 | W3,482 | +W27 | | Diluted earnings per share | W3,436 | W3,438 | -W2 | [Separate Statements of Changes in Equity](index=23&type=section&id=KB%20Financial%20Group%20Inc.%20Separate%20Statements%20of%20Changes%20in%20Equity) The separate statements of changes in equity indicate a significant increase in total equity for KB Financial Group Inc. from 2020 to 2021, primarily driven by the profit for the year and issuance of hybrid securities, partially offset by annual and quarterly dividends Separate Statements of Changes in Equity (2021 vs 2020) | (In millions of Korean won) | December 31, 2021 | December 31, 2020 | Change (YoY) | |---|---|---|---| | Total equity (end of year) | W22,512,974 | W20,985,620 | +W1,527,354 | | Profit for the year | 1,438,866 | 1,379,415 | +W59,451 | | Annual dividends | (689,653) | (861,092) | +W171,439 | | Quarterly dividends | (292,226) | — | -W292,226 | | Issuance of hybrid securities | 1,142,203 | 1,296,693 | -W154,490 | | Dividends on hybrid securities | (71,538) | (22,860) | -W48,678 | [Separate Statements of Cash Flows](index=24&type=section&id=KB%20Financial%20Group%20Inc.%20Separate%20Statements%20of%20Cash%20Flows) The separate statements of cash flows show a decrease in net cash inflow from operating activities but a significant reduction in net cash outflow from investing activities for KB Financial Group Inc. from 2020 to 2021, leading to a substantial increase in cash and cash equivalents at year-end Separate Statements of Cash Flows (2021 vs 2020) | (In millions of Korean won) | 2021 | 2020 | Change (YoY) | |---|---|---|---| | Net cash inflow from operating activities | W1,346,081 | W1,389,345 | -W43,264 | | Net cash outflow from investing activities | (258,745) | (2,494,020) | +W2,235,275 | | Net cash inflow (outflow) from financing activities | (592,344) | 1,109,222 | -W1,701,566 | | Net increase in cash and cash equivalents | 494,992 | 4,547 | +W490,445 | | Cash and cash equivalents at the end of the year | W518,073 | W23,081 | +W494,992 | [Exhibit 99.2: Consolidated Financial Statements](index=25&type=section&id=Exhibit%2099.2%20Consolidated%20Financial%20Statements%20for%20Fiscal%20Year%202021) This exhibit presents the consolidated financial statements for KB Financial Group Inc. and its subsidiaries for fiscal years 2021 and 2020 - Exhibit 99.2 contains the consolidated financial statements of KB Financial Group Inc. and Subsidiaries for **2021** and **2020**[55](index=55&type=chunk) [Consolidated Statements of Financial Position](index=25&type=section&id=KB%20Financial%20Group%20Inc.%20and%20Subsidiaries%20Consolidated%20Statements%20of%20Financial%20Position) The consolidated statement of financial position for KB Financial Group Inc. and Subsidiaries shows significant growth in total assets, particularly in loans measured at amortized cost, and an increase in total liabilities, mainly from deposits and debentures, from 2020 to 2021, with total equity also seeing a substantial rise Consolidated Statements of Financial Position (2021 vs 2020) | (in millions of Korean won) | December 31, 2021 | December 31, 2020 | Change (YoY) | |---|---|---|---| | **Assets** | | | | | Total assets | W663,895,834 | W610,719,944 | +W53,175,890 | | Loans measured at amortized cost | 417,900,273 | 377,166,984 | +W40,733,289 | | **Liabilities** | | | | | Total liabilities | 615,601,914 | 567,317,587 | +W48,284,327 | | Deposits | 372,023,918 | 338,580,220 | +W33,443,698 | | Debentures | 67,430,188 | 62,760,687 | +W4,669,501 | | Insurance liabilities | 57,165,936 | 54,415,296 | +W2,750,640 | | **Equity** | | | | | Total equity | 48,293,920 | 43,402,357 | +W4,891,563 | | Retained earnings | 25,672,815 | 22,540,616 | +W3,132,199 | [Consolidated Statements of Comprehensive Income](index=26&type=section&id=KB%20Financial%20Group%20Inc.%20and%20Subsidiaries%20Consolidated%20Statements%20of%20Comprehensive%20Income) The consolidated statements of comprehensive income show strong growth in net interest income, net fee and commission income, and net insurance income for KB Financial Group Inc. and Subsidiaries from 2020 to 2021, resulting in a substantial increase in profit for the year and basic earnings per share Consolidated Statements of Comprehensive Income (2021 vs 2020) | (in millions of Korean won) | 2021 | 2020 | Change (YoY) | |---|---|---|---| | Net interest income | W11,229,572 | W9,722,274 | +W1,507,298 | | Net fee and commission income | 3,625,583 | 2,958,939 | +W666,644 | | Net insurance income | 556,711 | 299,993 | +W256,718 | | Profit for the year | 4,384,381 | 3,515,578 | +W868,803 | | Total comprehensive income for the year | W4,607,139 | W3,987,848 | +W619,291 | | Basic earnings per share | W11,134 | W8,843 | +W2,291 | | Diluted earnings per share | W10,890 | W8,730 | +W2,160 | [Consolidated Statements of Changes in Equity](index=27&type=section&id=KB%20Financial%20Group%20Inc.%20and%20Subsidiaries%20Consolidated%20Statements%20of%20Changes%20in%20Equity) The consolidated statements of changes in equity reflect a significant increase in total equity for KB Financial Group Inc. and Subsidiaries from 2020 to 2021, primarily due to the profit for the year and issuance of hybrid securities, partially offset by dividends paid to shareholders and on hybrid securities Consolidated Statements of Changes in Equity (2021 vs 2020) | (in millions of Korean won) | December 31, 2021 | December 31, 2020 | Change (YoY) | |---|---|---|---| | Total equity (end of year) | W48,293,920 | W43,402,357 | +W4,891,563 | | Profit for the year | 4,384,381 | 3,515,578 | +W868,803 | | Annual dividends paid to shareholders of the Parent Company | (689,653) | (861,092) | +W171,439 | | Quarterly dividends paid to shareholders of the Parent Company | (292,226) | — | -W292,226 | | Issuance of hybrid securities | 1,142,233 | 1,296,783 | -W154,550 | | Dividends on hybrid securities | (71,537) | (22,860) | -W48,677 | [Consolidated Statements of Cash Flows](index=28&type=section&id=KB%20Financial%20Group%20Inc.%20and%20Subsidiaries%20Consolidated%20Statements%20of%20Cash%20Flows) The consolidated statements of cash flows show a reduced net cash outflow from operating and investing activities for KB Financial Group Inc. and Subsidiaries from 2020 to 2021, but a significant decrease in net cash inflow from financing activities, resulting in a lower net increase in cash and cash equivalents Consolidated Statements of Cash Flows (2021 vs 2020) | (in millions of Korean won) | 2021 | 2020 | Change (YoY) | |---|---|---|---| | Net cash outflow from operating activities | W(6,700,265) | W(11,540,694) | +W4,840,429 | | Net cash outflow from investing activities | (3,856,014) | (10,988,410) | +W7,132,396 | | Net cash inflow from financing activities | 10,821,398 | 25,262,276 | -W14,440,878 | | Net increase in cash and cash equivalents | 423,368 | 2,561,367 | -W2,137,999 | | Cash and cash equivalents at the end of the year | W9,108,460 | W8,685,092 | +W423,368 |

Financial Data and Key Indicators Changes - In 2021, net profit on a controlling share basis increased by 28% year-over-year to KRW 4.41 trillion, meeting market consensus [4] - Diluted EPS rose by 25% to KRW 10,891, while ROE improved by 1.4 percentage points to 10.2% [4] - The group's credit costs were around 30 basis points, which is 1.5 times the pre-COVID average [6] - The NPL coverage ratio increased to 209%, up 62 percentage points compared to pre-COVID levels [6] Business Line Data and Key Indicators Changes - Non-bank contributions to net profit rose from 30% to 43% in 2021 [6] - Group's net interest income for 2021 was KRW 11,229.6 billion, up 15.5% year-over-year [13] - Net fees and commissions income increased by 22.5% year-over-year to KRW 3,625.6 billion [15] - Other operating profit was impacted by rising market rates, leading to a decrease of KRW 183 billion year-over-year [16] Market Data and Key Indicators Changes - The bank's loan portfolio reached KRW 390 trillion, reflecting a 7.9% year-to-date growth [24] - Corporate loans reported a year-to-date growth of 11.2%, driven by acquisition financing [25] - The group's NIM for 2021 was 1.85%, with a quarterly improvement of three basis points [26] Company Strategy and Development Direction - The company aims to redefine itself as a leading financial platform, launching initiatives like the KB store banking super app and Liiv Next for Gen Z [10] - Plans to enhance shareholder value include a payout ratio set at 26% and potential share buybacks [9] - The company is focusing on diversifying revenue sources and improving asset management capabilities [33] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about potential deterioration in non-interest income and asset quality due to interest rate hikes and the end of COVID-19 forbearance programs [31] - The company plans to strengthen its asset quality management system in response to rising credit risks [34] - Management is optimistic about maintaining profitability through diversified business portfolios and improved risk management [32] Other Important Information - The company has set a goal to achieve a 40% cost-income ratio in the mid-to-long term [28] - The group plans to continue its digital transformation efforts to enhance competitiveness in the financial services market [36] Q&A Session Summary Question: Inquiry about capital management and future dividend policies - Management indicated a desire to normalize the payout ratio to 30% and is considering options for share buybacks and quarterly dividends [42][43] Question: Concerns about non-interest income performance across different business lines - Management acknowledged potential discrepancies in performance among subsidiaries and emphasized ongoing efforts to enhance non-interest earnings [41] Question: Digital transformation goals and customer engagement strategies - The company aims for a MAU goal of 15 million for its super app and plans to enhance customer engagement through innovative content and services [58][59] Question: Asset quality management and risk exposure - Management reassured that high collateral rates and strict monitoring of high-risk sectors will mitigate potential risks [60][61] Question: Outlook on net interest margin and Prudential Life's variable exposure - Management expects a 7 to 8 basis points increase in net interest margin, contingent on interest rate movements [66]

세상을 바꾸는 금융 | 관택행복더나은세상을 KB NYSE 2021 Business Results Feb. 2022 *6 KB Financial Group Contents Ⅰ. 2021 Financial Highlights Ⅱ. Key Takeaways Ⅲ. Financial Analysis Ⅳ. Asset Quality Ⅴ. Financial Highlights of Major Subsidiaries Ⅵ. Appendix Disclaimer Statement 1. The consolidated financial information of KB Financial Group Inc. (the "Group") presented herein is based on the Korean International Financial Reporting Standards(K-IFRS). It is currently being audited by the Group's independent auditor, and accordi ...

Ta b l e o f C o n t e n t s E x h i b i t 9 9 . 1 K B F i n a n c i a l G r o u p I n c . a n d S u b s i d i a r i e s C o n s o l i d a t e d I n t e r i m F i n a n c i a l S t a t e m e n t s S e p t e m b e r 3 0, 2 0 2 1 a n d 2 0 2 0 ( U n a u d i t e d ) ( Wi t h I n d e p e n d e n t A u d i t o r s' R e v i e w R e p o r t T h e r e o n ) Table of Contents Contents | Independent Auditors' Review Report | Page 1 | | --- | --- | | Consolidated Interim Statements of Financial Position | 3 | | Consol ...

Financial Data and Key Indicators Changes - KB Financial Group reported a Q3 2021 net profit of KRW 1,297.9 billion, a 7.8% increase quarter-over-quarter, with a cumulative net profit of KRW 3,772.2 billion for the year, reflecting a 31.1% year-over-year growth [10][11][12] - The cumulative net interest income for Q3 was KRW 8,255.4 billion, up 15.6% year-over-year, while net fee and commission income reached KRW 2,743.9 billion, a 26.4% increase year-over-year [11][12] - The group's return on assets (ROA) and return on equity (ROE) stood at 0.81% and 11.85%, respectively, with a recurring ROE of 12.06% [17][22] Business Line Data and Key Indicators Changes - KB Bank's loans in won increased by 5.5% year-over-year, with household loans showing solid growth, particularly in Jeonse loans and Prime Unsecured loans [18] - Cumulative net fees and commission income from the investment banking (IB) business reported a significant increase, contributing to the overall growth despite a decline in stock trading volume [11][12] - The provision for credit losses decreased by KRW 157.8 billion year-over-year, reflecting improved credit quality management [14][15] Market Data and Key Indicators Changes - The bank's net interest margin (NIM) improved to 1.58%, a 2 basis point increase quarter-over-quarter, driven by selective loan pricing and low-cost deposit expansion [18][19] - The group's cost-to-income ratio (CIR) was reported at 46.6%, indicating ongoing cost management efforts [20] - The group's capital ratios remained strong, with a BIS ratio of 16.11% and a CET1 ratio of 13.91% [22] Company Strategy and Development Direction - KB Financial Group aims to enhance its competitiveness in financial services through digital transformation, focusing on becoming the number one financial platform [6][8][23] - The company is expanding its presence in Southeast Asia and enhancing its global market competitiveness through strategic acquisitions [16] - The introduction of the KB Star Banking platform is a key initiative to integrate services and improve customer engagement [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns over the operational backdrop due to inflationary pressures and potential regulatory changes affecting the financial sector [4][5] - The company anticipates gradual improvement in NIM starting from Q4 2021, with expectations of further rate hikes in the coming year [35] - Management emphasized a conservative approach to asset quality management and proactive measures to mitigate risks associated with COVID-19 [21][66] Other Important Information - KB Financial Group has adopted a net-zero carbon strategy, aiming for carbon neutrality by 2050, and has received SBTi approval for its carbon reduction targets [9] - The company is focusing on enhancing its digital capabilities and customer personalization through the MyData service [27][58] Q&A Session All Questions and Answers Question: Impact of loan rise on NIM in Q4 and future capital utilization plans - Management indicated that the NIM is expected to improve in Q4 due to asset repricing and a focus on low-cost deposits, with plans to leverage capital for potential M&A opportunities [33][34][37] Question: Concerns over regulation risks and future profit trends - Management acknowledged the regulatory risks associated with household loans and emphasized a focus on sustainable performance rather than short-term profits [44][51][66] Question: Digital platform features and differentiation - Management assured that the new KB Star Banking app will be optimized for mobile use and will provide personalized services, leveraging the company's extensive user data [55][57][58] Question: KB Insurance performance and investment income factors - Management noted that investment income increased due to gains from the liquidation of positions in the equities market and alternative investments [61] Question: Concerns over vulnerable borrowers and provisioning plans - Management expressed confidence in their credit risk management and indicated that they are prepared for potential provisioning needs while maintaining a conservative approach [66]