KB Bank says KB Financial Group has no plans to sell its stake
KB•KB Bank said KB Financial Group has no plans to divest its shares and that KB Kookmin Bank remains its controlling shareholder. KB Bank completed the sale of an 85% stake in KB Bukopin Finance for net proceeds of IDR 339.97 billion.
1. Sale details
KB Bank completed the sale of an 85% stake in KB Bukopin Finance to JB Woori Capital on November 4, 2026. The bank said the divestment strengthens capital by reducing capital deductions and consolidated risk-weighted assets. Its remaining 14.24% stake is subject to a three-year lockup and put and call options priced using an agreed formula. Post-sale indemnities are capped at 50% of the transaction value, and no claims had been received as of the clarification.
