Try this
DECLARE @T TABLE
(
Col1 VARCHAR(10),
Col2 VARCHAR(100)
)
INSERT INTO @T
VALUES('AAA','BB1,KB2,YB3,BP4')
;WITH CTE
AS
(
SELECT
Col1,
Col2_1 = SUBSTRING(Col2,CHARINDEX(',',Col2)+1,LEN(Col2)),
Col2 = SUBSTRING(Col2,1,CHARINDEX(',',Col2)-1)
FROM @T
UNION ALL
SELECT
Col1,
Col2_1 =
CASE WHEN CHARINDEX(',',Col2_1) > 0
THEN SUBSTRING(Col2_1,CHARINDEX(',',Col2_1)+1,LEN(Col2_1))
ELSE NULL END,
Col2 = CASE WHEN CHARINDEX(',',Col2_1) > 0
THEN SUBSTRING(Col2_1,1,CHARINDEX(',',Col2_1)-1)
ELSE Col2_1 END
FROM CTE
WHERE ISNULL(Col2_1,'')<>''
)
SELECT
Col1,
Col2
FROM CTE