KB Securities announced on the 24th that its consolidated operating profit for the third quarter of this year was tentatively estimated at 238.8 billion KRW, a 56.01% increase compared to the same period last year.


Net profit also rose by 52.84% to 173.1 billion KRW compared to the same period last year. Revenue decreased by 9.22% to 2.3411 trillion KRW compared to the same period last year.


KB Securities explained, "In the third quarter, the WM (Wealth Management) division's assets exceeded 60 trillion KRW, solidifying the customer base, and WM revenue reached 200 billion KRW. The IB (Investment Banking) division also reclaimed the top position in ECM (Equity Capital Market) overall underwriting based on 7 IPOs (Initial Public Offerings) and 7 rights offerings through the third quarter."


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They added, "In the fourth quarter, we will maintain our leading position in ECM by executing large deals such as Balhae Infrastructure Investment Company and MNC Solutions. We will secure a sustainable revenue base through increasing brokerage assets focused on value-up stocks and strengthen the core competitiveness of the brokerage business."


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