KB Financial Group Inc. | CIK:0001445930 | 3

  • Filed: 4/27/2018
  • Entity registrant name: KB Financial Group Inc. (CIK: 0001445930)
  • Generator: Fujitsu
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1445930/000119312518136720/0001193125-18-136720-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1445930/000119312518136720/kb-20171231.xml
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    • ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory

    11. Allowances for Loan Losses

    Changes in the allowances for loan losses for the years ended December 31, 2016 and 2017, are as follows:

     

         2016  
         Retail     Corporate     Credit card     Total  
         (In millions of Korean won)  

    Beginning

    		    ￦ 491,352     ￦ 1,692,352     ￦ 398,350     ￦ 2,582,054  

    Written-off

    		      (295,459 )      (747,151 )      (356,705 )      (1,399,315 ) 

    Recoveries from written-off loans

    		      167,033       214,915       133,456       515,404  

    Sale and repurchase

    		      (23,046 )      (55,151 )      —         (78,197 ) 

    Provision1

    		      82,035       252,195       244,569       578,799  

    Business combination

    		      59,615       76,755       —         136,370  

    Other changes

    		      (241 )      (51,743 )      (5,375 )      (57,359 ) 
      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Ending

    		    ￦ 481,289     ￦ 1,382,172     ￦ 414,295     ￦ 2,277,756  
      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

         2017  
         Retail     Corporate     Credit card     Total  
         (In millions of Korean won)  

    Beginning

    		    ￦ 481,289     ￦ 1,382,172     ￦ 414,295     ￦ 2,277,756  

    Written-off

    		      (341,506 )      (395,272 )      (400,385 )      (1,137,163 ) 

    Recoveries from written-off loans

    		      145,606       280,324       132,665       558,595  

    Sale and repurchase

    		      (40,267 )      (26,105 )      —         (66,372 ) 

    Provision1

    		      233,262       38,644       312,248       584,154  

    Business combination

    		      9,679       50,227       —         59,906  

    Other changes

    		      (58,764 )      (98,324 )      (9,557 )      (166,645 ) 
      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Ending

    		    ￦ 429,299     ￦ 1,231,666     ￦ 449,266     ￦ 2,110,231  
      

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

    1 Provision for credit losses in statements of comprehensive income also include provision for unused commitments and guarantees (Note 23.(2)), provision (reversal) for financial guarantees contracts (Note 23.(3)), and provision (reversal) for other financial assets (Note 18.(2)).