JB Financial Group Issued KRW 1 Trillion in AA+ Rated Unsecured Bonds for Refinancing and Enhanced Shareholder Return
JB Financial Group decided to issue a total of KRW 1 trillion in unsecured bonds (41-1: 1-year, 3.368%; 41-2: 2-year, 4.000%) on May 7, 2026 - the entire proceeds will be used for debt repayment.
Credit rating of AA+ (from Korea Ratings, Korean Ratings, NICE Ratings) reflecting stable financial structure and strong capital adequacy.
As of end-2025, consolidated BIS total capital ratio of 14.71% and CET1 ratio of 12.58% - well above regulatory minima (8.0% and 4.5%).
2025 consolidated net profit (controlling interest) of KRW 710.4 billion (+4.9% YoY), with seventh consecutive year of double-digit ROE (12.4%) and second year of ROA above 1% (1.04%).
Share cancellation: 7,098,293 shares (about KRW 120 billion) retired in 2025 via capital surplus, and a new trust agreement for an additional KRW 45 billion was signed in February 2026, with cancellation planned.
2025 total dividend per common share of KRW 1,140 (quarterly + annual), payout ratio of 30.0%, target total shareholder return of 50% and consideration of further increase if CET1 exceeds 13%.
Bank subsidiary asset quality: Jeonbuk Bank NPL ratio 1.12%, Gwangju Bank NPL ratio 0.89% - Jeonbuk's delinquency rate (1.46%) is above the regional bank average (1.16%) but under management.
Double leverage ratio of 117.02% (Q3 2025) - below the regulatory guideline of 130%, indicating a stable capital structure.
Purpose of issuance: to refinance existing bonds maturing in May-June 2026, including Series 28 (KRW 50 billion) and Series 30 (KRW 50 billion).