KB Kookmin Bank announced on the 28th that it has appointed the first local bank president for its Indonesian subsidiary, KB Bank (formerly Bukopin Bank).
On this day, KB Bank held its regular shareholders' meeting in the morning and appointed Kunardy Darma Lie, the former deputy head of corporate finance at DBS Bank Indonesia, as the new president.
This appointment is a follow-up action due to the expiration of President Lee Woo-yeol's term. He has led KB Bank for the past three years since taking office in May 2022.
The new president, Kunardy, proposed core strategies including ▲stabilizing operations and establishing a sustainable revenue base ▲strengthening expense and risk management ▲enhancing governance and internal control systems ▲creating teamwork and synergy ▲strengthening relationships with the government and investors, and enhancing brand trust.
Kookmin Bank said, “With the appointment of the new president, we plan to strengthen a localized management system in the Indonesian financial industry and push for a leap as a sustainable and competitive bank.”
Meanwhile, KB Bank achieved a net profit of 352 billion rupiahs (approximately 30 billion won) in the first quarter of this year, successfully turning profitable.