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 October 2003
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 ___
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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
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Kookmin Bank's 2003 Third Quarter Results
On October 24, 2003, Kookmin Bank held an earnings conference and released its
operating results for the third quarter of 2003. 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 may be subject to changes in the due
course of review process.
1. Financial Highlights
1.1 Balance sheet figures
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As of the date indicated
(tn Won) -----------------------------------------------------------------
Sep. 30, 2003 Dec. 31, 2002 % Change (YTD)
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Total Assets 190.2 171.5 10.9
Loans in Won 124.7 116.4 7.1
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Total Liabilities 180.1 161.5 11.5
Deposits in Won 131.2 125.2 4.8
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Total Stockholders' Equity 10.1 10.0 1.0
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1.2 Operating results
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For the 9 month periods ended September 30
(bn Won) -----------------------------------------------------------------
2003 2002 % Change (YoY)
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Operating Income 478.2 1,988.3 (DELTA)75.9
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Operating Income before
Provisioning 3,191.8 2,947.0 8.3
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Non-operating Income (DELTA)1,214.9 197.9 N.A
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Net Income (DELTA)382.1 1,512.9 N.A
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2. Key Financial Indicators
. NIS (cumulative): 3.74%
. NIM (cumulative): 3.26%
. Return on assets (annualized): (DELTA)0.21%
. Return on equity (annualized): (DELTA)3.32%
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3. Asset Quality
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As of the date indicated
(bn Won) -------------------------------------------------------------------
Sep. 30, 2003 Dec. 31, 2002 % Change (YTD)
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Total Loans for NPL Management 144,020.5 132,178.2 9.0
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Allowance for Loan Losses 4,572.1 2,498.3 83.0
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Substandard & Below Ratio 4.84% 2.89% 1.95%p
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Coverage Ratio 65.6% 65.4% 0.2%p
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Delinquency Ratio 3.49% 2.84% 0.65%p
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This document and the attached presentation material contain forward-looking
statements, as defined in the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. These forward-looking
statements reflect Kookmin Bank's current views with respect to future events
and financial performance, and are subject to certain risks and uncertainties,
which could cause actual results to differ materially from those anticipated.
Although Kookmin Bank believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can give no
assurance that its expectations will be attained. Kookmin Bank undertakes no
obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
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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
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(Registrant)
Date: October 24, 2003 By: /s/ Jong-Kyoo Yoon
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(Signature)
Name: Jong-Kyoo Yoon
Title: Executive Vice President &
Chief Financial Officer
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