[%SOqO%] The National Long-Term Rating of PT Bank KB Bukopin, Tbk (KB Bank) reflects Fitch Ratings’ expectation of a high likelihood of extraordinary support from the bank's South-Korea based parent, Kookmin Bank (A/Stable/a), in case of need. Kookmin owns 67% of KB Bank and has the option to increase its stake to around 84%. Anchored to Parent's VR: KB Bank's rating is linked to its parent's Viability Rating (VR), as we believe support would come from Kookmin's standalone financial resources. Strong Ability to Provide Support: We believe that Kookmin has a high ability to support KB Bank, given its standalone credit strength and the very small size of KB Bank relative to the parent. KB Bank's total assets stood at less than 2% of Kookmin's consolidated assets at September 2023. Important Subsidiary: Our assessment of Kookmin's propensity to provide support to its Indonesian subsidiary, if required, is high, as we believe Indonesia offers a stronger growth avenue to the parent than its home market. We believe there would be a significant negative effect on the parent's and group's reputation should KB Bank default, considering the shared branding and the group's presence in various segments of Indonesia's financial sector. 

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$BBKP The National Long-Term Rating of PT Bank KB Bukopin, Tbk (KB Bank) reflects Fitch Ratings’ expectation of a high likelihood of extraordinary support from the bank's South-Korea based parent, Kookmin Bank (A/Stable/a), in case of need. Kookmin owns 67% of KB Bank and has the option to increase its stake to around 84%. Anchored to Parent's VR: KB Bank's rating is linked to its parent's Viability Rating (VR), as we believe support would come from Kookmin's standalone financial resources. Strong Ability to Provide Support: We believe that Kookmin has a high ability to support KB Bank, given its standalone credit strength and the very small size of KB Bank relative to the parent. KB Bank's total assets stood at less than 2% of Kookmin's consolidated assets at September 2023. Important Subsidiary: Our assessment of Kookmin's propensity to provide support to its Indonesian subsidiary, if required, is high, as we believe Indonesia offers a stronger growth avenue to the parent than its home market. We believe there would be a significant negative effect on the parent's and group's reputation should KB Bank default, considering the shared branding and the group's presence in various segments of Indonesia's financial sector. 

https://www.fitchratings.com/research/banks/pt-bank-kb-bukopin-tbk-18-04-2024