Key facts
- Kookmin Bank's securities financing transactions (SFTs) rose 39.7% in Q2.
- SFT exposures reached 23.9 trillion won ($17.6 billion) by June 30.
- The previous record for SFTs was 19.2 trillion won in Q2.
- Higher repo and securities lending from securities firms drove the increase.
- The surge in SFTs contributed to a 15 basis point decrease in the leverage ratio.
Kookmin Bank reported a significant increase in its securities financing transactions (SFTs) for the second quarter, reaching a new record high. The bank's SFT exposures stood at 23.9 trillion won ($17.6 billion) as of June 30, marking a 39.7% increase from the previous quarter and surpassing the prior record of 19.2 trillion won set in the second quarter of the previous year.
This surge in SFTs was primarily attributed to heightened repo and securities lending activities undertaken by securities firms. The increased volume of these transactions contributed to a 15 basis point reduction in Kookmin Bank's leverage ratio.