KB Bank Shareholder Meeting Approves New Board Chair and Directors
Jakarta — PT Bank KB Indonesia Tbk, or KB Bank (share code BBKP), held an extraordinary general meeting of shareholders (RUPSLB) on Thursday, approving changes to the board structure with the replacement of the Deputy Board Chair and the appointment of two new members of the board of directors.
KB Bank Chief Executive Officer Kunardy Darma Lie said in a written statement in Jakarta on Thursday that the strengthening of the leadership structure represents a strategic step to ensure the continuity of KB Bank’s transformation.
The RUPSLB approved the resignation of Seng Hyup Shin as Deputy Board Chair, effective from the close of the meeting.
Subsequently, the RUPSLB approved the appointment of Tae Doo Kwon as the new Deputy Board Chair.
Tae Doo Kwon has extensive experience in the field of global banking and currently serves as Head of Global Growth Support Division at KB Kookmin Bank. Previously, he served as Managing Director of Global Business Group and General Manager of Global Planning Department at KB Kookmin Bank.
The bank stated that this experience is expected to strengthen the strategic direction and global synergies of KB Bank within the KB Financial Group (KBFG) network.
Additionally, the RUPSLB approved the appointment of two new board directors, namely Ju Hwan Yi and Yungki Prabowo.
Ju Hwan Yi has extensive experience in the field of risk management, including as EVP & Chief Risk Officer at KB Prasac Bank Cambodia. His expertise is expected to further strengthen the bank’s risk management discipline and asset quality.
Meanwhile, Yungki has a strong track record in banking technology and operations, including roles as Technology and Operation Director and Chief Technology Officer at Bank ANZ Indonesia. The bank believes his experience will support the acceleration of digital transformation and the strengthening of KB Bank’s operational capabilities.
As a result, the composition of KB Bank’s Board of Commissioners and Board of Directors is now as follows:
Board of Commissioners
Board Chair: Jerry Marmen
Deputy Board Chair: Tae Doo Kwon*
Independent Commissioner: Stephen Liestyo
Independent Commissioner: Hae Wang Lee
Board of Directors
Chief Executive Officer: Kunardy Darma Lie
Director: Robby Mondong
Director: Dodi Widjajanto
Director: Henry Sawali
Director: Jung Ho Han
Director: Jang Hyuk Im
Director: Widodo Suryadi
Director: Ju Hwan Yi*
Director: Yungki Prabowo*
*) Effective from the date determined by the bank after fulfilling all requirements as set out in the Financial Services Authority (OJK) regulations and other applicable laws and regulations.
In the third quarter of 2025, KB Bank recorded non-consolidated net profit of Rp265 billion, a turnaround from a loss position of Rp2.73 trillion in the same period of the previous year.
By the end of September 2025, the total credit extended by KB Bank reached Rp44.32 trillion, an increase of 10.83 per cent year-on-year compared to Rp39.99 trillion in the same period of the previous year.
On the funding side, KB Bank’s customer deposits (DPK) grew strongly by 14.48 per cent year-on-year, driven by a significant increase in low-cost funds (current account saving account/CASA) of 38.02 per cent year-on-year.