BNK Financial Executives Including Bindaein Purchase 210,000 Shares on the Market

Responsible Management - Enhancing Shareholder Value Perspective

BNK Financial Group announced on the 16th that since the 8th, 68 executives from the holding company and its affiliates, including Chairman Bindaein, have purchased approximately 210,000 shares of their own stock on the market. This move is to reinforce their commitment to improving performance, responsible management, and enhancing shareholder value.

As of the previous day, BNK Financial Group's stock price closed at 7,720 KRW, up 10.13% since the beginning of the year, alongside a general rise in the banking sector. During the same period, the KRX Bank Index increased by 14.11%, and currently, BNK Financial Group's price-to-book ratio (PBR) is in the low 0.2 range.

A BNK Financial official stated, "This share buyback reflects the judgment that BNK Financial Group's stock is undervalued relative to its corporate value, as well as the management's determination to strengthen responsible management as executives of the group."

Previously, after Chairman Bin's inauguration in April last year, BNK Financial became the first regional financial holding company to conduct an interim dividend and canceled all treasury shares worth 23 billion KRW. Despite a decrease in net income in 2023 due to large-scale provisions and increased win-win finance costs, the group announced on the 5th a buyback and cancellation of treasury shares worth 13 billion KRW.

Kwon Jaejoong, Head of Finance at BNK Financial Group, said, “The management’s purchase of treasury shares signifies their intention to share interests with shareholders and fulfill management responsibilities. We will do our best to restore the stock price to a level that reflects corporate value through continuous increases in dividends per share, active promotion of domestic and international investor relations (IR), and vigorous communication with the market.”

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