KB Financial Group, led by Chairman Yoon Jong-kyoo, topped Bloomberg League Table’s "Syndicated loan arrangement" category in 2019 for the fourth consecutive year.
Bloomberg is a global financial intelligence agency that publishes rankings after compiling the results of major IB business sectors such as syndicated loans, equity capital market (ECM) and debt capital market (DCM).
According to the results of the Korea’s syndicated loan arrangement league table released by Bloomberg in January, KB Financial Group has solidified its status as the nation’s most powerful IB in name and substance, securing the No. 1 spot for the fourth consecutive year since it topped the list in 2016, with 74 cases in 2019 and 27.5 percent of the market share, or about $13 billion (15 trillion won).
Not only did it arrange Yeoeuido IFC Mall refinancing (Banks, $1.9 billion) and Sinahnsan double track railway private investment project (Banks, $1.6 billion) but it also arranged acquisition financing for CJ Healthcare (Securities, $491 million) and acquisition financing for Daesung Industrial Gas (Securities, $292 million).
Meanwhile, competition in the local IB market is getting fiercer, and KB Financial Group continues to maintain its dominant status in the syndicated loan sector in Korea as the one-firm synergy effect in the banking-equity sector is in full swing, and is pushing for a strategy to grow into a global IB player in the future.
"Based on our competitiveness in the domestic IB market, we will firmly establish our leading position as a strong investor in the IBs in 2020," said a KB Financial official. "In the mid- to long-term, we will boldly challenge ourselves so that we can move beyond Korea as a leading financial group in the global IB market."