SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2004
Kookmin Bank
(Translation of registrant’s name into English)
9-1, 2-Ga, Namdaemun-Ro, Jung-Gu, Seoul, Korea 100-703
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
2004 1st Half Operating Results
On July 23, 2004, Kookmin Bank held an earnings conference and released its operating results for the first half of 2004. Followings are the key figures released during the conference, and full presentation material is available at Kookmin Bank website(www.kbstar.com) for further information.
The figures presented in this section have not been fully reviewed by our independent auditor yet, and therefore they are subject to changes in the due course of review process.
Selected Financial Data
| 1. | Balance sheet figures |
| (in trillions of Won) | As of the date indicated | ||||||
| June 30, 2004 |
Dec.31, 2003 |
% Change (YTD) | |||||
| Total Assets |
184.8 | 184.1 | 0.4 | ||||
| Loans in Won |
125.8 | 123.7 | 1.7 | ||||
| Total Liabilities |
176.0 | 175.7 | 0.2 | ||||
| Deposits in Won |
131.7 | 134.4 | D | 2.0 | |||
| Stockholders’ Equity |
8.8 | 8.4 | 4.8 | ||||
| 2. | Operating results |
| (in billions of Won) | For the six-month period ended | ||||||
| 2004 |
20031 |
% Change (YoY) | |||||
| Operating Income |
337.8 | D | 253.7 | N.A. | |||
| Operating Income before Provisioning |
2,752.7 | 2,724.5 | 1.0 | ||||
| Non-operating Income |
109.6 | 43.9 | 149.7 | ||||
| Net Income |
307.6 | D | 161.2 | N.A. | |||
| 1 | For the purpose of comparison, presented pro-forma figures as if the merger with Kookmin Credit Card Co. in September 30, 2003 had been completed in September 30, 2002 |
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| 3. | Asset Quality |
| (in billions of Won) | As of the date indicated |
|||||||||
| June 30, 2004 |
March 31, 2004 |
% Change (QoQ) |
||||||||
| Total Loans for NPL Management |
141,249.7 | 142,972.6 | D | 1.2 | % | |||||
| Substandard & Below Loans |
5,167.3 | 5,880.2 | D | 12.1 | % | |||||
| Allowance for Loan Losses |
3,844.7 | 4,221.1 | D | 8.9 | % | |||||
| Substandard & Below Ratio |
3.66 | % | 4.11 | % | D | 0.45 | %p | |||
| Coverage Ratio |
74.4 | % | 71.8 | % | 2.6 | %p | ||||
| Delinquency Ratio1 |
3.32 | % | 3.97 | % | D | 0.65 | %p | |||
| 1 | Applying the Financial Supervisory Service Standards |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Kookmin Bank | ||||
| (Registrant) | ||||
| Date: July 23, 2004 |
By: |
/s/ Ki Sup Shin | ||
| (Signature) | ||||
| Name: |
Ki Sup Shin | |||
| Title: |
Chief Financial Officer & | |||
| Senior Executive Vice President | ||||
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