SBI Holdings Completes Partial Sale of SBI Savings Bank Stake

SBI Holdings has confirmed the completion of a partial sale of its shares in SBI SAVINGS BANK to Kyobo Life Insurance Co., Ltd, marking a shift in the ownership structure of its South Korean banking unit.

Following the transaction, SBI Savings Bank is no longer classified as a consolidated subsidiary of SBI Holdings. Instead, it has transitioned to an equity method affiliate, reflecting a change in accounting treatment and reporting within the group’s financial statements.

SBI Holdings Completes Partial Sale of SBI Savings Bank Stake

Despite this adjustment, SBI Holdings stated that its overall economic exposure to the bank remains largely intact. Under the terms of the agreement with Kyobo Life Insurance, the SBI Group will retain a 70% economic interest in SBI Savings Bank. This structure allows the group to maintain a substantial stake in the bank’s performance while sharing ownership with its South Korean partner.

The company indicated that the reclassification is not going to materially affect its consolidated financial results. SBI Holdings noted that the anticipated impact on earnings and group-level financial performance would be limited, given the retained economic interest and ongoing involvement in the bank’s operations.

In addition to the structural changes, SBI Holdings expects to record a gain related to the sale of shares in SBI Savings Bank. The company did not disclose the size of the stake sold or the financial terms of the transaction, but confirmed that the gain will be available in its upcoming financial reporting.

The move comes as part of SBI Holdings’ broader strategic adjustments across its international portfolio, particularly in South Korea, where it has maintained a presence in banking and financial services. The partnership with Kyobo Life Insurance is going to support continued collaboration while enabling a revised ownership framework.

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