Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) soon ki Lee Journalist = KBank, a Direct Bank, succeeded in turning to an annual cumulative surplus for the first time in the third quarter of last year and is pursuing an initial public offering(IPO), however, the situation surrounding KBank is preventing it.

Following Hyundai Oilbank, which was a big fish in the IPO in the first half of the year, Socar, which became a criterion for investment in the IPO market, also recorded an ‘IPO catastrophe’.

It is also a negative factor for KBank that Kakao Bank, which has recently been the standard for KBank’s enterprise value, has been recording an all-time low for 52 weeks every day.

KBank’s original target enterprise value was 6 trillion won, and the market predicted it to reach 8 trillion won.

However, when Kakao Bank’s price on book-value ratio(PBR) is applied, reflecting the 70% plunge in Kakao Bank’s stock price from its highest point since listing, KBank’s enterprise value drops to 4.3 trillion won.

Nevertheless, the reason why KBank is pursuing an IPO is that it is necessary to confirm the expansion of equity capital through listing to maintain a stable BIS(Bank for International Settlement) capital adequacy ratio.

As of the end of last year, KBank’s BIS capital adequacy ratio was 17.31%. This is less than half the level of Kakao Bank(35.65%) or Toss Bank(36.66%).

Last year, KBank received 1.25 trillion won in paid-in capital increase, of which investment shares worth 725 billion won have a right of claim for sale. and must be listed for recognition as equity capital.

NSP News Agency soon ki Lee Journalist s8789@nspna.com
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