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BNK Financial Group · 138930 · Holding companies
BNK Financial Group Files Value-Up Plan 2.0 With ROE, CET1 and Shareholder Return Targets
BNK Financial Group filed an updated corporate value-up plan on 2026-10-22 setting targets of ROE of at least 10.5%, CET1 of at least 12.5% and a shareholder return ratio of at least 50%. The plan sets goals but gives no timeline in the excerpt, so it adds direction rather than changing reported results.
Written Oct 22, 2026 · Data as of Oct 21, 2026 · 0 views
This is not financial advice. The report does not recommend buying or selling anything.
What happened
On 2026-10-22 the company filed its 2026 corporate value-up plan, described as Value-up 2.0, following the first plan announced in October 2024. The board approved it on 2026-09-03. The company said its review found a need for fundamental improvement in profitability and capital efficiency.
Three core targets were reset. First, ROE of 10.5% or more, to be pursued through targeted industrial finance in the Busan-Ulsan-Gyeongnam region, more diverse income sources, cost efficiency and a portfolio shift toward higher-quality industries and products. Second, a common equity tier 1 (CET1) ratio of 12.5% or more, with annual risk-weighted asset growth held within 4% and capital reallocated within the group based on return on risk-weighted assets. Third, a shareholder return ratio of 50% or more, with evenly paid quarterly dividends, an effort to meet the conditions for separate taxation of dividend income, and all remaining capacity used for share buybacks and cancellations.
The company also said executive performance evaluation will be linked to these indicators, governance will be board-centred, and it plans regular market communication such as Capital Markets Day events. The filing shows the 2025 dividend payout ratio at 28.1% and a 2025 dividend amount of ₩229.2B, versus ₩207.4B for 2024. It marks the company as a high-dividend company under the tax law. The filing warns that plans may change and actual results may differ. A target date was not visible in the excerpt.
Every earlier JONBUR Research report and update note on BNK Financial Group, with Pro.
Unlock with ProModel estimate of fair value
- Bear
- ₩11,895
- -10%
- Base
- ₩22,722
- +72%
- Bull
- ₩36,800
- +178%
Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.
Base case of the P/B vs ROE (excess return) model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 9.7%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions
Filings and data used
- Corporate value-up planOct 22, 2026
- Investor relations (IR) eventOct 19, 2026
- 5%+ holding reportOct 8, 2026
- Investor relations (IR) eventOct 6, 2026
- Investor relations (IR) eventOct 2, 2026
- Insider shareholding reportSep 14, 2026
- Insider shareholding reportSep 9, 2026
- Corporate value-up planSep 3, 2026
- Securities Issuance Results ReportAug 31, 2026
- ProspectusAug 28, 2026
- Supplementary Documents to Shelf RegistrationAug 28, 2026
- [Amended] Shelf Registration StatementAug 14, 2026
- Daily prices up to 2026-10-21
- Financial statements, trailing 12 months as of H1 2026
- Our fair value model, statements as of TTM to H1 2026
Report history
- Oct 29, 2026Update noteEarningsBNK Financial Group Reports Q3 Operating Profit Down 37.0% Year on Year
- Oct 22, 2026Update noteBuyback / dividend / value-upBNK Financial Group Files Value-Up Plan 2.0 With ROE, CET1 and Shareholder Return Targets
- Oct 13, 2026InitiationBNK Financial Group: Low Book Multiple, Modest Returns and a Share Price Well Below Its 52-Week High
Source: KRX statistical information