KB Kookmin Bank (Korean: KB국민은행) or KB is the largest bank by both asset value and market capitalization in South Korea.
Kookmin intended to take over Korea Exchange Bank, a government-owned bank with offices in foreign countries, by the end of 2006, to facilitate foreign exchange and corporate banking (as in contrast Kookmin is better known for its consumer banking services). The deal to buy Korea Exchange Bank was contingent on not finding any evidence of criminality when the Lone Star Equity Funds purchased Korea Exchange Bank in 2003. However as of December 2006, the takeover will not happen having been cancelled by Lone Star.
According to the company website, Kookmin EPS in 2006 was 6977 South Korean won, and the dividend paid was 550 won per share. In September 2006 the share price was 73,000 won.
On March 18, 2008, the share price was US$51.40.
Famous quotes containing the word bank:
“The English language is like a broad river on whose bank a few patient anglers are sitting, while, higher up, the stream is being polluted by a string of refuse-barges tipping out their muck.”
—Cyril Connolly (1903–1974)