KB Kookmin Card Posts Q1 Net Profit of KRW 107.5 Billion, Up 27.2% YoY
by Moon Chaeseok
Published 23 Apr.2026 16:46(KST)
"Net Fee Income Up, Loss Provisions Down"
"Delinquency Rate Improves by 0.4 Percentage Points Year-on-Year"
KB Kookmin Card announced on April 23 that its net profit for the first quarter reached KRW 107.5 billion, marking a 27.2% increase compared to the same period last year.
This was attributed to a rise in net fee income driven by the growth in card spending amounts, as well as a decrease in credit loss provisions due to improved asset quality.
In terms of asset quality, the delinquency rate stood at 1.21% and the non-performing loan (NPL) ratio at 1.00%, representing improvements of 0.40 percentage points and 0.32 percentage points, respectively, compared to the same period last year.
A KB Kookmin Card official stated, "This year, we plan to continue transitioning to an artificial intelligence (AI)-driven management system, pursue growth from a proactive risk management and capital efficiency perspective, achieve qualitative growth by expanding high-quality assets, and continue seeking new global and growth engines."
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