KB Kookmin Bank's Indonesian subsidiary posts first quarterly profit after 5 years

KB Kookmin Bank's Indonesian subsidiary posts first quarterly profit after 5 years

KB Kookmin Bank’s Indonesian subsidiary, KB Bank, turned a profit in the first three months of this year, five years after the Korean lender acquired a controlling stake acquisition in 2020, the company said Monday. The Indonesian subsidiary, formerly PT Bank KB Bukopin Tbk, reported a profit of 342.2 billion rupiah (28.74 billion won) for the January to March period, ending a five-year stretch of losses despite KB Bank’s capital injection of 1 …