|
|
CONSOLIDATED FINANCIAL STATEMENTS
|
|
|
|
|
|
Consolidated statement of financial position
|
|
1
|
Consolidated statement of comprehensive income
|
|
2
|
Consolidated statement of changes in equity
|
|
3
|
Consolidated statement of cash flows
|
|
4
|
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
|
||
|
|
|
1
|
Principal activities
|
5
|
2
|
Basis of preparation
|
5
|
3
|
Summary of accounting policies
|
6
|
4
|
Significant accounting judgments and estimates
|
21
|
5
|
Cash and cash equivalents
|
22
|
6
|
Amounts due from other banks and other financial
institutions
|
23
|
7
|
Loans to customers
|
24
|
8
|
Investment securities
|
56
|
9
|
Property and equipment
|
57
|
10
|
Intangible assets
|
58
|
11
|
Other assets
|
58
|
12
|
Taxation
|
59
|
13
|
Amounts due to banks and other financial institutions
|
60
|
14
|
Amounts due to customers
|
61
|
15
|
Subordinated debt
|
62
|
16
|
Other liabilities
|
62
|
17
|
Equity
|
63
|
18
|
Interest income and interest expense
|
63
|
19
|
Credit loss expense
|
64
|
20
|
Net fee and commission income
|
64
|
21
|
Personnel and administrative and other operating
expenses
|
65
|
22
|
Earnings per share
|
65
|
23
|
Commitments and contingencies
|
66
|
24
|
Risk management
|
66
|
25
|
Fair value measurement
|
76
|
26
|
Maturity analysis of assets and liabilities
|
80
|
27
|
Related party disclosures
|
80
|
28
|
Changes in liabilities arising from financing
activities
|
83
|
29
|
Capital adequacy
|
83
|
30
|
Events after the reporting date
|
84
|
LLP «SFAI Kazakhstan»
Almaty, Dostyk av., 202, BC «Forum»
+ 7 (727) 327 68 06
E-mail: info@sfai.kz
|
«SFAI Kazakhstan» LLP
Almaty, Kazakhstan
Date: April 26, 2021
|
“Bank Freedom Finance Kazakhstan”
JSC
|
2019
and 2018 consolidated financial statements
|
|
Notes
|
2019
|
2018
|
Assets
|
|
|
|
Cash and cash
equivalents
|
5
|
33,448,522
|
43,344,207
|
Amounts due from
other banks and other financial institutions
|
6
|
776,208
|
554,244
|
Loans to
customers
|
7
|
68,124,327
|
74,604,438
|
Investment
securities
|
8
|
3,785,045
|
1,655,460
|
Property and
equipment
|
9
|
6,457,813
|
6,367,860
|
Intangible
assets
|
10
|
1,156,968
|
1,121,630
|
Current corporate
income tax assets
|
12
|
–
|
133,801
|
Other
assets
|
11
|
2,962,341
|
2,653,440
|
Total
assets
|
|
116,711,224
|
130,435,080
|
|
|
|
|
Liabilities
|
|
|
|
Financial
instruments at fair value through profit or loss
|
|
9,626
|
–
|
Amounts due to
banks and other financial institutions
|
13
|
9,111,519
|
10,909,578
|
Amounts due to
customers
|
14
|
85,802,298
|
100,532,184
|
Current corporate
income tax liabilities
|
12
|
209,187
|
–
|
Deferred corporate
income tax liabilities
|
12
|
1,277,045
|
1,121,248
|
Subordinated
debt
|
15
|
3,303,255
|
3,244,190
|
Lease
liabilities
|
3
|
226,456
|
–
|
Other
liabilities
|
16
|
614,052
|
475,272
|
Total
liabilities
|
|
100,553,438
|
116,282,472
|
|
|
|
|
Equity
|
|
|
|
Share
capital
|
17
|
9,356,140
|
9,356,140
|
Revaluation reserve
for property and equipment
|
17
|
761,249
|
772,815
|
Fair value
reserve
|
|
–
|
(2,382)
|
Retained
earnings
|
|
6,040,397
|
4,026,035
|
Total
equity
|
|
16,157,786
|
14,152,608
|
Total
equity and liabilities
|
|
116,711,224
|
130,435,080
|
/s/ G. Akhmetova
|
|
G.
Akhmetova
|
Acting
Chairperson of the Management Board
|
|
|
/s/ R.
Yergazinov
|
|
R.
Yergazinov
|
Acting
Chief Accountant
|
|
|
“Bank Freedom Finance Kazakhstan”
JSC
|
2019
and 2018 consolidated financial statements
|
|
Notes
|
2019
|
2018
|
|
|
|
|
Interest income
calculated using effective interest rate
|
18
|
13,802,072
|
13,087,666
|
Interest
expense
|
18
|
(7,321,798)
|
(8,065,434)
|
Net
interest income
|
|
6,480,274
|
5,022,232
|
|
|
|
|
Credit loss
expense
|
19
|
(1,629,260)
|
(4,263,019)
|
Net
interest income after credit loss expense
|
|
4,851,014
|
759,213
|
|
|
|
|
Net fee and
commission income
|
20
|
1,403,868
|
1,359,807
|
Net gains from
financial instruments at fair value through profit or
loss
|
|
70,612
|
73,580
|
Net gains/(losses)
from foreign currencies
|
|
|
|
-
dealing
|
|
668,830
|
599,417
|
- translation
differences
|
|
(147,324)
|
(120,218)
|
Gain from
government grant
|
13
|
84,061
|
2,920,290
|
Gain on
derecognition of subordinated debt as a result of
modification
|
15
|
–
|
1,121,665
|
Other
income
|
|
102,958
|
54,905
|
Non-interest
income
|
|
2,183,005
|
6,009,446
|
|
|
|
|
Loss on
derecognition of financial assets measured at amortised
cost
|
7
|
(26,666)
|
(732,351)
|
Personnel
expenses
|
21
|
(2,477,090)
|
(2,430,305)
|
Administrative and
other operating expenses
|
21
|
(1,863,329)
|
(1,696,505)
|
Other
expenses
|
|
(106,196)
|
(101,233)
|
Non-interest
expense
|
|
(4,473,281)
|
(4,960,394)
|
Profit
before corporate income tax expense
|
|
2,560,738
|
1,808,265
|
|
|
|
|
Corporate income
tax expense
|
12
|
(557,942)
|
(388,579)
|
Profit
for the year
|
|
2,002,796
|
1,419,686
|
|
|
|
|
Other
comprehensive income
|
|
|
|
Other comprehensive income/(loss) to be reclassified to profit or
loss in subsequent periods
|
|
|
|
Net change in fair
value of debt instruments at fair value through other comprehensive
income
|
|
2,561
|
420
|
Changes in
allowance for expected credit losses of debt instruments at fair
value through other comprehensive income
|
8
|
(179)
|
(744)
|
Other
comprehensive income/(loss) for the year, net of corporate income
tax
|
|
2,382
|
(324)
|
Total
comprehensive income for the year
|
|
2,005,178
|
1,419,362
|
|
|
|
|
Basic
and diluted earnings per share (in tenge)
|
22
|
214.06
|
151.74
|
“Bank Freedom Finance Kazakhstan”
JSC
|
2019
and 2018 consolidated financial statements
|
|
Notes
|
Share capital
|
Revaluation reserve for property and equipment
|
Fair value reserve
|
Retained earnings
|
Total equity
|
|
|
|
|
|
|
|
At
31 December 2017
|
|
9,356,140
|
783,179
|
(2,981)
|
3,666,043
|
13,802,381
|
Impact of adopting
IFRS 9
|
|
–
|
–
|
923
|
(612,918)
|
(611,995)
|
Restated
balance as at 1 January 2018 under IFRS 9
|
|
9,356,140
|
783,179
|
(2,058)
|
3,053,125
|
13,190,386
|
|
|
|
|
|
|
|
Profit for the
year
|
|
–
|
–
|
–
|
1,419,686
|
1,419,686
|
Other comprehensive
loss for the year
|
|
–
|
–
|
(324)
|
–
|
(324)
|
Total
comprehensive income for the year
|
|
–
|
–
|
(324)
|
1,419,686
|
1,419,362
|
|
|
|
|
|
|
|
Dividends
declared
|
17
|
–
|
–
|
–
|
(457,140)
|
(457,140)
|
Depreciation of
revaluation reserve for property and equipment
|
|
–
|
(10,364)
|
–
|
10,364
|
–
|
At
31 December 2018
|
|
9,356,140
|
772,815
|
(2,382)
|
4,026,035
|
14,152,608
|
|
|
|
|
|
|
|
Profit for the
year
|
|
–
|
–
|
–
|
2,002,796
|
2,002,796
|
Other comprehensive
income for the year
|
|
–
|
–
|
2,382
|
–
|
2,382
|
Total
comprehensive income for the year
|
|
–
|
–
|
2,382
|
2,002,796
|
2,005,178
|
|
|
|
|
|
|
|
Depreciation of
revaluation reserve for property and equipment
|
|
–
|
(11,566)
|
–
|
11,566
|
–
|
At
31 December 2019
|
|
9,356,140
|
761,249
|
–
|
6,040,397
|
16,157,786
|
“Bank Freedom Finance Kazakhstan”
JSC
|
2019
and 2018 consolidated financial statements
|
|
Notes
|
2019
|
2018
|
Cash flows from
operating activities
|
|
|
|
Interest
received
|
|
12,850,531
|
12,256,586
|
Interest paid
|
|
(7,352,344)
|
(8,015,868)
|
Fees and commissions
received
|
|
2,493,399
|
1,765,558
|
Fees and commissions
paid
|
|
(1,093,527)
|
(407,659)
|
Net realised gains on transactions
with financial instruments at fair value through profit or
loss
|
|
80,238
|
73,580
|
Net gains from dealing in foreign
currencies
|
|
668,830
|
609,136
|
Other income
received
|
|
79,711
|
54,905
|
Personnel expenses
paid
|
|
(2,301,981)
|
(2,246,799)
|
Administrative and other operating
expenses paid
|
|
(1,469,945)
|
(1,359,195)
|
Cash flows from
operating activities before changes in operating assets and
liabilities
|
|
3,954,912
|
2,730,244
|
|
|
|
|
Net changes in
operating assets and liabilities
|
|
|
|
Amounts due from other banks and
other financial institutions
|
|
(222,839)
|
362,262
|
Loans to
customers
|
|
5,264,216
|
(9,336,353)
|
Other assets
|
|
27,739
|
466,397
|
Amounts due to banks and other
financial institutions
|
|
(1,739,015)
|
3,084,048
|
Amounts due to
customers
|
|
(14,499,729)
|
10,812,035
|
Other
liabilities
|
|
(40,874)
|
23,322
|
Net cash flows
(used in) / from operating activities before corporate income
tax
|
|
(7,255,590)
|
8,141,955
|
|
|
|
|
Corporate income tax
paid
|
|
(64,687)
|
–
|
Net cash flows
(used in) / from operating activities
|
|
(7,320,277)
|
8,141,955
|
|
|
|
|
Cash flows from
investing activities
|
|
|
|
Purchase of property and
equipment
|
|
(141,292)
|
(65,062)
|
Purchase of intangible
assets
|
|
(108,361)
|
(139,000)
|
Proceeds from sale of property and
equipment
|
|
–
|
9,197
|
Purchase of investment securities
at fair value through other comprehensive
income
|
|
(2,300,000)
|
(10,209,611)
|
Redemption of investment securities
at fair value through other comprehensive
income
|
|
3,987,000
|
11,193,272
|
Acquisition of investment
securities at amortised cost
|
|
(3,780,143)
|
–
|
Proceeds from redemption of
investment securities at amortised cost
|
|
–
|
300,599
|
Net cash used in
investing activities
|
|
(2,342,796)
|
1,089,395
|
|
|
|
|
Cash flows from
financing activities
|
|
|
|
Repayment of lease
liabilities
|
3
|
(100,260)
|
–
|
Payment of dividends on ordinary
shares
|
17
|
–
|
(457,140)
|
Net cash used in
financing activities
|
|
(100,260)
|
(457,140)
|
|
|
|
|
Effect of exchange rates changes on
cash and cash equivalents
|
|
(135,292)
|
3,686,329
|
Effect of expected credit losses on
cash and cash equivalents
|
|
2,940
|
(10,220)
|
Net
(decrease)/increase in cash and cash
equivalents
|
|
(9,895,685)
|
12,450,319
|
|
|
|
|
Cash and cash equivalents as at 1
January
|
|
43,344,207
|
30,893,888
|
Cash and cash
equivalents as at 31 December
|
5
|
33,448,522
|
43,344,207
|
|
|
|
|
Non-cash
transactions
|
|
|
|
Repayment of loans to customers by
repossession of collateral
|
11
|
352,199
|
1,583,356
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Consolidated statement of financial position
|
As previously reported
|
Reclassification
|
As reclassified
|
|
|
|
|
Assets
|
|
|
|
Cash and accounts
with the National Bank of the Republic of
Kazakhstan
|
41,633,664
|
(41,633,664)
|
–
|
Cash and cash
equivalents
|
–
|
43,344,207
|
43,344,207
|
Amounts due from
other banks and other financial institutions
|
2,264,787
|
(1,710,543)
|
554,244
|
|
1 January 2019
|
Assets
|
|
Property and
equipment
|
276,467
|
Total
assets
|
276,467
|
|
|
Liabilities
|
|
Lease
liabilities
|
276,467
|
Total
liabilities
|
276,467
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Operating
lease commitments as at 31 December 2018
|
19,924
|
Weighted average
incremental borrowing rate as at 1 January 2019
|
11%
|
Discounted
operating lease commitments at 1 January 2019
|
19,751
|
|
|
Less:
|
|
Commitments
relating to short-term leases
|
(9,336)
|
Commitments
relating to leases of low-value assets
|
–
|
|
|
Add:
|
–
|
Commitments
relating to leases previously classified as finance
leases
|
–
|
Payments in
optional extension periods not recognised as at 31 December
2018
|
266,052
|
Lease
liabilities as at 1 January 2019
|
276,467
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Right-of-use assets
|
|
|
|
Buildings
|
Total
|
Lease liabilities
|
|
|
|
|
At 1 January 2019
|
276,467
|
276,467
|
276,467
|
Additions
|
267,357
|
267,357
|
267,357
|
Disposals
|
(229,916)
|
(229,916)
|
(251,701)
|
Depreciation
expense
|
(91,998)
|
(91,998)
|
–
|
Interest
expense
|
–
|
–
|
34,593
|
Payments
|
–
|
–
|
(100,260)
|
At 31 December 2019
|
221,910
|
221,910
|
226,456
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Years
|
|
|
Buildings and
constructions
|
25-65
|
Furniture and
office equipment
|
5-12.5
|
Computer
hardware
|
5-9
|
Motor
vehicles
|
10
|
Leasehold
improvements
|
1-5
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Cash on
hand
|
4,198,884
|
6,248,186
|
Cash on current
accounts with the NBRK rated at BBB-
|
17,477,932
|
30,385,765
|
Cash on current
bank accounts, other banks:
|
|
|
- rated from
A− to A+
|
88,619
|
105,236
|
- rated from
BBB− to BBB+
|
6
|
–
|
- rated from
BB− to BB+
|
362,898
|
548,776
|
- rated below
B+
|
912,521
|
762,690
|
- not
rated
|
404,086
|
293,206
|
Accounts receivable
under reverse repurchase agreements with contractual maturity of 90
days or less
|
7,501,994
|
–
|
Time deposits with
the NBRK rated at BBB- with contractual maturity of 90 days or
less
|
2,500,573
|
5,003,438
|
Time deposits with
other banks rated from BBB− to BBB+ with contractual maturity
of 90 days or less
|
8,274
|
7,130
|
Cash
and cash equivalents before ECL allowance
|
33,455,787
|
43,354,427
|
|
|
|
ECL
allowance
|
(7,265)
|
(10,220)
|
Cash
and cash equivalents
|
33,448,522
|
43,344,207
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
ECL allowance as at 1 January 2019
|
(10,220)
|
Net change in the allowance for the year
(Note
19)
|
2,941
|
Foreign
exchange adjustments
|
14
|
ECL allowance as at 31 December 2019
|
(7,265)
|
ECL allowance as at 1 January 2018
|
(5,708)
|
Net change in the allowance for the year
(Note
19)
|
(3,855)
|
Foreign
exchange adjustments
|
(657)
|
ECL allowance as at 31 December 2018
|
(10,220)
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Funds provided as
collateral with other banks:
|
|
|
- rated from AA- to
AA+
|
131,430
|
83,250
|
- rated from A- to
A+
|
270,849
|
271,134
|
- not
rated
|
375,000
|
200,000
|
Amounts
due from other banks and other financial institutions before ECL
allowance
|
777,279
|
554,384
|
|
|
|
ECL
allowance
|
(1,071)
|
(140)
|
Amounts
due from other banks and other financial institutions
|
776,208
|
554,244
|
|
Stage 1
|
Total
|
|
|
|
ECL
allowance as at 1 January 2019
|
(140)
|
(140)
|
Net change in the
allowance for the year (Note
19)
|
(933)
|
(933)
|
Foreign exchange
adjustments
|
2
|
2
|
ECL
allowance as at 31 December 2019
|
(1,071)
|
(1,071)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Stage 1
|
Total
|
|
|
|
ECL
allowance as at 1 January 2018
|
(107)
|
(107)
|
Net change in the
allowance for the year (Note
19)
|
(9)
|
(9)
|
Foreign exchange
adjustments
|
(24)
|
(24)
|
ECL
allowance as at 31 December 2018
|
(140)
|
(140)
|
|
31 December 2019
|
||||
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
Individually
significant loans
|
|
|
|
|
|
Loans issued to
small and medium businesses
|
12,551,517
|
1,589,738
|
3,650,370
|
–
|
17,791,625
|
Mortgages
|
–
|
–
|
51,304
|
–
|
51,304
|
Consumer
loans
|
–
|
–
|
59,041
|
–
|
59,041
|
Credit
cards
|
–
|
–
|
–
|
–
|
–
|
Other loans secured
by collateral
|
1,274,987
|
50,291
|
921,772
|
86,493
|
2,333,543
|
Total
individually significant loans
|
13,826,504
|
1,640,029
|
4,682,487
|
86,493
|
20,235,513
|
|
|
|
|
|
|
Individually
insignificant
|
|
|
|
|
|
Loans issued to
small and medium businesses
|
8,735,885
|
482,813
|
1,400,305
|
–
|
10,619,003
|
Mortgages
|
1,420,772
|
166,814
|
197,539
|
766,002
|
2,551,127
|
Consumer
loans
|
1,968,343
|
80,727
|
648,223
|
–
|
2,697,293
|
Car
loans
|
65,209
|
1,840
|
–
|
–
|
67,049
|
Credit
cards
|
387,010
|
4,422
|
85,703
|
–
|
477,135
|
Other loans secured
by collateral
|
29,375,420
|
963,113
|
4,058,274
|
804,756
|
35,201,563
|
Total
individually insignificant loans
|
41,952,639
|
1,699,729
|
6,390,044
|
1,570,758
|
51,613,170
|
Loans
to customers before ECL allowance
|
55,779,143
|
3,339,758
|
11,072,531
|
1,657,251
|
71,848,683
|
|
|
|
|
|
|
ECL
allowance
|
(246,263)
|
(50,365)
|
(3,427,474)
|
(254)
|
(3,724,356)
|
Loans
to customers
|
55,532,880
|
3,289,393
|
7,645,057
|
1,656,997
|
68,124,327
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2018
|
||||
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
Individually
significant loans
|
|
|
|
|
|
Loans issued to
small and medium businesses
|
16,391,246
|
2,121,067
|
4,479,168
|
–
|
22,991,481
|
Mortgages
|
56,203
|
–
|
57,372
|
–
|
113,575
|
Consumer
loans
|
–
|
–
|
119,366
|
–
|
119,366
|
Credit
cards
|
–
|
–
|
411
|
–
|
411
|
Other loans secured
by collateral
|
1,886,124
|
115,716
|
807,299
|
150,846
|
2,959,985
|
Total
individually significant loans
|
18,333,573
|
2,236,783
|
5,463,616
|
150,846
|
26,184,818
|
|
|
|
|
|
|
Individually
insignificant
|
|
|
|
|
|
Loans issued to
small and medium businesses
|
9,516,962
|
179,011
|
1,128,604
|
–
|
10,824,577
|
Mortgages
|
2,008,466
|
160,687
|
444,733
|
842,617
|
3,456,503
|
Consumer
loans
|
3,412,668
|
52,058
|
607,182
|
–
|
4,071,908
|
Car
loans
|
24,528
|
–
|
–
|
–
|
24,528
|
Credit
cards
|
529,505
|
12,796
|
93,253
|
–
|
635,554
|
Other loans secured
by collateral
|
26,870,609
|
648,461
|
3,298,844
|
986,857
|
31,804,771
|
Total
individually insignificant loans
|
42,362,738
|
1,053,013
|
5,572,616
|
1,829,474
|
50,817,841
|
Loans
to customers before ECL allowance
|
60,696,311
|
3,289,796
|
11,036,232
|
1,980,320
|
77,002,659
|
|
|
|
|
|
|
ECL
allowance
|
(368,014)
|
(42,735)
|
(1,987,069)
|
(403)
|
(2,398,221)
|
Loans
to customers
|
60,328,297
|
3,247,061
|
9,049,163
|
1,979,917
|
74,604,438
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant loans issued to small and medium
businesses
|
|
|
|
|
- not
overdue
|
12,257,867
|
(2,137)
|
12,255,730
|
0.0%
|
- overdue for less
than 30 days
|
293,650
|
–
|
293,650
|
0.0%
|
Stage
1 loans
|
12,551,517
|
(2,137)
|
12,549,380
|
0.0%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
1,683,901
|
(201,140)
|
1,482,761
|
11.9%
|
- overdue for less
than 30 days
|
509,267
|
–
|
509,267
|
0.0%
|
- overdue for less
than 90 days
|
822,305
|
–
|
822,305
|
0.0%
|
- overdue for 90
days to 180 days
|
55,621
|
–
|
55,621
|
0.0%
|
- overdue for 180
days to 360 days
|
51,284
|
(51,284)
|
–
|
100.0%
|
- overdue for more
than 360 days
|
2,117,730
|
(1,583,917)
|
533,813
|
74.8%
|
Stage
2 and Stage 3 loans
|
5,240,108
|
(1,836,341)
|
3,403,767
|
35.0%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant loans issued to small and medium
businesses
|
17,791,625
|
(1,838,478)
|
15,953,147
|
10.3%
|
|
31 December 2019
|
|||
|
Loansbefore ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant mortgage loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
Stage
1 loans
|
–
|
–
|
–
|
–
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
51,304
|
–
|
51,304
|
0.0%
|
- overdue for more
than 360 days
|
–
|
–
|
–
|
–
|
Stage
2 and Stage 3 loans
|
51,304
|
–
|
51,304
|
0.0%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant mortgage loans
|
51,304
|
–
|
51,304
|
0.0%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant consumer loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
Stage
1 loans
|
–
|
–
|
–
|
–
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for more
than 360 days
|
59,041
|
(59,041)
|
–
|
100.0%
|
Stage
2 and Stage 3 loans
|
59,041
|
(59,041)
|
–
|
100.0%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant consumer loans
|
59,041
|
(59,041)
|
–
|
100.0%
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant credit cards
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
Stage
1 loans
|
–
|
–
|
–
|
–
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for more
than 360 days
|
–
|
–
|
–
|
–
|
Stage
2 and Stage 3 loans
|
–
|
–
|
–
|
–
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant credit cards
|
–
|
–
|
–
|
–
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant other loans secured by collateral
|
|
|
|
|
- not
overdue
|
930,797
|
(423)
|
930,374
|
0.0%
|
- overdue for less
than 30 days
|
344,190
|
(1,517)
|
342,673
|
0.4%
|
Stage
1 loans
|
1,274,987
|
(1,940)
|
1,273,047
|
0.2%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
375,386
|
–
|
375,386
|
0.0%
|
- overdue for less
than 30 days
|
140,887
|
–
|
140,887
|
0.0%
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 180 days
|
57,745
|
–
|
57,745
|
0.0%
|
- overdue for 180
days to 360 days
|
398,045
|
(8,908)
|
389,137
|
2.2%
|
- overdue for more
than 360 days
|
–
|
–
|
–
|
–
|
Stage
2 and Stage 3 loans
|
972,063
|
(8,908)
|
963,155
|
0.9%
|
|
|
|
|
|
POCI
|
86,493
|
(241)
|
86,252
|
0.3%
|
Total
individually significant other loans secured by
collateral
|
2,333,543
|
(11,089)
|
2,322,454
|
0.5%
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant loans issued to small and medium
businesses
|
|
|
|
|
- not
overdue
|
15,998,597
|
(2,547)
|
15,996,050
|
0.0%
|
- overdue for less
than 30 days
|
392,649
|
(7,389)
|
385,260
|
1.9%
|
Stage
1 loans
|
16,391,246
|
(9,936)
|
16,381,310
|
0.1%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
3,712,805
|
(138,106)
|
3,574,699
|
3.7%
|
- overdue for less
than 30 days
|
1,086,232
|
–
|
1,086,232
|
0.0%
|
- overdue for less
than 90 days
|
58,016
|
–
|
58,016
|
0.0%
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
405,307
|
(66,888)
|
338,419
|
16.5%
|
- overdue for more
than 360 days
|
1,337,875
|
(689,008)
|
648,867
|
51.5%
|
Stage
2 and Stage 3 loans
|
6,600,235
|
(894,002)
|
5,706,233
|
13.5%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant loans issued to small and medium
businesses
|
22,991,481
|
(903,938)
|
22,087,543
|
3.9%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant mortgage loans
|
|
|
|
|
- not
overdue
|
56,203
|
–
|
56,203
|
0.0%
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
Stage
1 loans
|
56,203
|
–
|
56,203
|
0.0%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
57,372
|
(11,350)
|
46,022
|
19.8%
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for more
than 360 days
|
–
|
–
|
–
|
–
|
Stage
2 and Stage 3 loans
|
57,372
|
(11,350)
|
46,022
|
19.8%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant mortgage loans
|
113,575
|
(11,350)
|
102,225
|
10.0%
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant consumer loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
Stage
1 loans
|
–
|
–
|
–
|
–
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for more
than 360 days
|
119,366
|
(119,346)
|
20
|
100.0%
|
Stage
2 and Stage 3 loans
|
119,366
|
(119,346)
|
20
|
100.0%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant consumer loans
|
119,366
|
(119,346)
|
20
|
100.0%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant credit cards
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
Stage
1 loans
|
–
|
–
|
–
|
–
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
411
|
–
|
411
|
0.0%
|
- overdue for more
than 360 days
|
–
|
–
|
–
|
–
|
Stage
2 and Stage 3 loans
|
411
|
–
|
411
|
0.0%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually significant credit cards
|
411
|
–
|
411
|
0.0%
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant other loans secured by collateral
|
|
|
|
|
- not
overdue
|
1,789,480
|
–
|
1,789,480
|
0.0%
|
- overdue for less
than 30 days
|
96,644
|
–
|
96,644
|
0.0%
|
Stage
1 loans
|
1,886,124
|
–
|
1,886,124
|
0.0%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
180,975
|
–
|
180,975
|
0.0%
|
- overdue for less
than 30 days
|
286,725
|
–
|
286,725
|
0.0%
|
- overdue for less
than 90 days
|
327,793
|
–
|
327,793
|
0.0%
|
- overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
58,238
|
–
|
58,238
|
0.0%
|
- overdue for more
than 360 days
|
69,284
|
–
|
69,284
|
0.0%
|
Stage
2 and Stage 3 loans
|
923,015
|
–
|
923,015
|
0.0%
|
|
|
|
|
|
POCI
|
150,846
|
(32)
|
150,814
|
0.0%
|
Total
individually significant other loans secured by
collateral
|
2,959,985
|
(32)
|
2,959,953
|
0.0%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually significant loans
|
2019
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value
as at 1 January 2019
|
16,391,246
|
2,121,067
|
4,479,168
|
–
|
22,991,481
|
New
assets originated or purchased
|
11,982,128
|
–
|
–
|
–
|
11,982,128
|
Assets
derecognised or repaid (excluding write-offs)
|
(14,685,549)
|
(602,381)
|
(1,108,737)
|
–
|
(16,396,667)
|
Transfers
to Stage 1
|
1,897,657
|
(334,256)
|
(1,563,401)
|
–
|
–
|
Transfers
to Stage 2
|
(1,876,058)
|
2,563,473
|
(687,415)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(2,156,774)
|
2,156,774
|
–
|
–
|
Net
change in accrued interest
|
26,532
|
8,091
|
402,863
|
–
|
437,486
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
–
|
(6,138)
|
(20,695)
|
–
|
(26,833)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(1,184,437)
|
798
|
(8,630)
|
–
|
(1,192,269)
|
Effect
from changes in exchange rates
|
(2)
|
(4,142)
|
443
|
–
|
(3,701)
|
At 31 December 2019
|
12,551,517
|
1,589,738
|
3,650,370
|
–
|
17,791,625
|
Individually significant loans
|
2019
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
(9,936)
|
(77)
|
(893,925)
|
–
|
(903,938)
|
New
assets originated or purchased
|
(2,994)
|
–
|
–
|
–
|
(2,994)
|
Assets
derecognised or repaid (excluding write-offs)
|
192
|
53
|
74,268
|
–
|
74,513
|
Transfers
to Stage 2
|
7,389
|
(7,389)
|
–
|
–
|
–
|
Transfers
to Stage 3
|
–
|
7,389
|
(7,389)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
3,143
|
(1,019)
|
(819,879)
|
–
|
(817,755)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
69
|
–
|
(8,963)
|
–
|
(8,894)
|
Unwinding
of discount
|
–
|
–
|
(180,425)
|
–
|
(180,425)
|
Effect
from changes in exchange rates
|
–
|
1,042
|
(27)
|
–
|
1,015
|
ECL at 31 December 2019
|
(2,137)
|
(1)
|
(1,836,340)
|
–
|
(1,838,478)
|
Individually significant
|
2019
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
56,203
|
–
|
57,372
|
–
|
113,575
|
Assets
derecognised or repaid (excluding write-offs)
|
(8,900)
|
–
|
(15,587)
|
–
|
(24,487)
|
Net
change in accrued interest
|
(83)
|
–
|
1,142
|
–
|
1,059
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(47,220)
|
–
|
8,377
|
–
|
(38,843)
|
At 31 December 2019
|
–
|
–
|
51,304
|
–
|
51,304
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually significant
|
2019
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
–
|
–
|
(11,348)
|
–
|
(11,348)
|
Assets
derecognised or repaid (excluding write-offs)
|
–
|
–
|
3,694
|
–
|
3,694
|
Impact
on period end ECL of changes to inputs used for ECL calculations
during the period
|
–
|
–
|
7,654
|
–
|
7,654
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
–
|
–
|
–
|
–
|
ECL at 31 December 2019
|
–
|
–
|
–
|
–
|
–
|
Individually significant
|
2019
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying valueas at 1 January 2019
|
–
|
–
|
119,366
|
–
|
119,366
|
Assets
derecognised or repaid (excluding write-offs)
|
–
|
–
|
(67,320)
|
–
|
(67,320)
|
Net
change in accrued interest
|
–
|
–
|
7,231
|
–
|
7,231
|
Effect
from changes in exchange rates
|
–
|
–
|
(236)
|
–
|
(236)
|
At 31 December 2019
|
–
|
–
|
59,041
|
–
|
59,041
|
Individually significant
|
2019
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
–
|
–
|
(119,346)
|
–
|
(119,346)
|
Assets
derecognised or repaid (excluding write-offs)
|
–
|
–
|
67,292
|
–
|
67,292
|
Impact
on period end ECL of changes to inputs used for ECL calculations
during the period
|
–
|
–
|
549
|
–
|
549
|
Unwinding
of discount
|
–
|
–
|
(7,600)
|
–
|
(7,600)
|
Effect
from changes in exchange rates
|
–
|
–
|
64
|
–
|
64
|
ECL at 31 December 2019
|
–
|
–
|
(59,041)
|
–
|
(59,041)
|
Individually significant
|
2019
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
–
|
–
|
411
|
–
|
411
|
Amounts
written off
|
–
|
–
|
(411)
|
–
|
(411)
|
At 31 December 2019
|
–
|
–
|
–
|
–
|
–
|
Individually significant
|
2019
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
–
|
–
|
–
|
–
|
–
|
Impact
on period end ECL of changes to inputs used for ECL calculations
during the period
|
–
|
–
|
(411)
|
–
|
(411)
|
Amounts
written off
|
–
|
–
|
411
|
–
|
411
|
ECL at 31 December 2019
|
–
|
–
|
–
|
–
|
–
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually significant other
|
2019
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
1,886,124
|
115,716
|
807,299
|
150,846
|
2,959,985
|
New
assets originated or purchased
|
2,406,089
|
–
|
–
|
–
|
2,406,089
|
Assets
derecognised or repaid (excluding write-offs)
|
(2,102,222)
|
(21,316)
|
(197,764)
|
(26,969)
|
(2,348,271)
|
Transfers
to Stage 1
|
137,499
|
(50,167)
|
(87,332)
|
–
|
–
|
Transfers
to Stage 2
|
(335,531)
|
387,261
|
(51,730)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(390,918)
|
390,918
|
–
|
–
|
Net
change in accrued interest
|
28,409
|
7,905
|
(3,204)
|
(1,278)
|
31,832
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(1,828)
|
–
|
(35,581)
|
(265)
|
(37,674)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(742,608)
|
1,810
|
155,884
|
(35,842)
|
(620,756)
|
Recoveries
|
–
|
–
|
–
|
–
|
–
|
Amounts
written off
|
–
|
–
|
(54,910)
|
–
|
(54,910)
|
Effect
from changes in exchange rates
|
(945)
|
–
|
(1,808)
|
1
|
(2,752)
|
At 31 December 2019
|
1,274,987
|
50,291
|
921,772
|
86,493
|
2,333,543
|
Individually significant other
|
2019
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
–
|
–
|
–
|
(32)
|
(32)
|
New
assets originated or purchased
|
(750)
|
–
|
–
|
–
|
(750)
|
Assets
derecognised or repaid (excluding write-offs)
|
26
|
–
|
24,995
|
52
|
25,073
|
Transfers
to Stage 2
|
251
|
(251)
|
–
|
–
|
–
|
Transfers
to Stage 3
|
–
|
251
|
(251)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
(1,387)
|
–
|
(88,689)
|
(260)
|
(90,336)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(252)
|
–
|
–
|
–
|
(252)
|
Unwinding
of discount
|
–
|
–
|
(337)
|
–
|
(337)
|
Amounts
written off
|
–
|
–
|
54,910
|
–
|
54,910
|
Effect
from changes in exchange rates
|
172
|
–
|
462
|
–
|
634
|
ECL at 31 December 2019
|
(1,940)
|
–
|
(8,910)
|
(240)
|
(11,090)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually significant loans
|
2018
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
16,715,439
|
5,161,065
|
2,889,090
|
–
|
24,765,594
|
New
assets originated or purchased
|
9,367,398
|
–
|
–
|
–
|
9,367,398
|
Assets
derecognised or repaid (excluding write-offs)
|
(6,867,527)
|
(1,439,417)
|
(2,087,216)
|
–
|
(10,394,160)
|
Transfers
to Stage 1
|
68,199
|
(53,680)
|
(14,519)
|
–
|
–
|
Transfers
to Stage 2
|
(2,467,585)
|
2,472,842
|
(5,257)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(3,932,877)
|
3,932,877
|
–
|
–
|
Net
change in accrued interest
|
(15,097)
|
1,660
|
92,992
|
–
|
79,555
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(26)
|
(2,809)
|
(26,075)
|
–
|
(28,910)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(452,302)
|
(173,468)
|
(166,931)
|
–
|
(792,701)
|
Amounts
written off
|
–
|
–
|
(223,887)
|
–
|
(223,887)
|
Effect
from changes in exchange rates
|
42,747
|
87,751
|
88,094
|
–
|
218,592
|
At 31 December 2018
|
16,391,246
|
2,121,067
|
4,479,168
|
–
|
22,991,481
|
Individually significant loans
|
2018
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(2,275)
|
(135,282)
|
(980,538)
|
–
|
(1,118,095)
|
New
assets originated or purchased
|
(5,145)
|
–
|
–
|
–
|
(5,145)
|
Assets
derecognised or repaid (excluding write-offs)
|
1,652
|
175,646
|
360,417
|
–
|
537,715
|
Transfers
to Stage 2
|
882
|
(882)
|
–
|
–
|
–
|
Transfers
to Stage 3
|
–
|
25,816
|
(25,816)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
(3,505)
|
(58,720)
|
(387,114)
|
–
|
(449,339)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
199
|
8,640
|
–
|
8,839
|
Unwinding
of discount
|
–
|
–
|
(91,310)
|
–
|
(91,310)
|
Amounts
written off
|
–
|
–
|
223,887
|
–
|
223,887
|
Effect
from changes in exchange rates
|
(1,545)
|
(6,854)
|
(2,091)
|
–
|
(10,490)
|
ECL at 31 December 2018
|
(9,936)
|
(77)
|
(893,925)
|
–
|
(903,938)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually significant
|
2018
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
536,329
|
196,402
|
156,584
|
–
|
889,315
|
Assets
derecognised or repaid (excluding write-offs)
|
(372,326)
|
(15,095)
|
(109,754)
|
–
|
(497,175)
|
Transfers
to Stage 3
|
–
|
(181,174)
|
181,174
|
–
|
–
|
Net
change in accrued interest
|
(43)
|
(133)
|
2,839
|
–
|
2,663
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
–
|
–
|
(504)
|
–
|
(504)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(107,757)
|
–
|
51,615
|
–
|
(56,142)
|
Amounts
written off
|
–
|
–
|
(227,146)
|
–
|
(227,146)
|
Effect
from changes in exchange rates
|
–
|
–
|
2,564
|
–
|
2,564
|
At 31 December 2018
|
56,203
|
–
|
57,372
|
–
|
113,575
|
Individually significant
|
2018
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(526)
|
(74,692)
|
(76,934)
|
–
|
(152,152)
|
Assets
derecognised or repaid (excluding write-offs)
|
44
|
514
|
13,836
|
–
|
14,394
|
Transfers
to Stage 3
|
–
|
74,325
|
(74,325)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
482
|
(147)
|
(75,205)
|
–
|
(74,870)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
–
|
(23,217)
|
–
|
(23,217)
|
Unwinding
of discount
|
–
|
–
|
(1,208)
|
–
|
(1,208)
|
Amounts
written off
|
–
|
–
|
227,146
|
–
|
227,146
|
Effect
from changes in exchange rates
|
–
|
–
|
(1,443)
|
–
|
(1,443)
|
ECL at 31 December 2018
|
–
|
–
|
(11,350)
|
–
|
(11,350)
|
Individually significant
|
2018
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
–
|
–
|
–
|
–
|
–
|
New
assets originated or purchased
|
75,152
|
–
|
–
|
–
|
75,152
|
Assets
derecognised or repaid (excluding write-offs)
|
–
|
(61)
|
(2,792)
|
–
|
(2,853)
|
Transfers
to Stage 1
|
179
|
(141)
|
(38)
|
–
|
–
|
Transfers
to Stage 2
|
(75,291)
|
75,305
|
(14)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(75,100)
|
75,100
|
–
|
–
|
Net
change in accrued interest
|
(40)
|
4
|
244
|
–
|
208
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
–
|
(7)
|
(69)
|
–
|
(76)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
–
|
51,659
|
–
|
51,659
|
Amounts
written off
|
–
|
–
|
(5,299)
|
–
|
(5,299)
|
Effect
from changes in exchange rates
|
–
|
–
|
575
|
–
|
575
|
At 31 December 2018
|
–
|
–
|
119,366
|
–
|
119,366
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually significant
|
2018
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
–
|
–
|
–
|
–
|
–
|
Assets
derecognised or repaid (excluding write-offs)
|
–
|
–
|
1,200
|
–
|
1,200
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
–
|
–
|
(71,491)
|
–
|
(71,491)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
–
|
(51,639)
|
–
|
(51,639)
|
Unwinding
of discount
|
–
|
–
|
(2,514)
|
–
|
(2,514)
|
Amounts
written off
|
–
|
–
|
5,299
|
–
|
5,299
|
Effect
from changes in exchange rates
|
–
|
–
|
(201)
|
–
|
(201)
|
ECL at 31 December 2018
|
–
|
–
|
(119,346)
|
–
|
(119,346)
|
Individually significant
|
2018
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
59
|
30
|
–
|
–
|
89
|
New
assets originated or purchased
|
35,500
|
–
|
–
|
–
|
35,500
|
Assets
derecognised or repaid (excluding write-offs)
|
(71)
|
(514)
|
(9)
|
–
|
(594)
|
Transfers
to Stage 1
|
145
|
(145)
|
–
|
–
|
–
|
Transfers
to Stage 2
|
(35,633)
|
35,633
|
–
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(35,005)
|
35,005
|
–
|
–
|
Net
change in accrued interest
|
–
|
–
|
1
|
–
|
1
|
Amounts
written off
|
–
|
–
|
(34,586)
|
–
|
(34,586)
|
Effect
from changes in exchange rates
|
–
|
1
|
–
|
–
|
1
|
At 31 December 2018
|
–
|
–
|
411
|
–
|
411
|
Individually significant
|
2018
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(2)
|
(20)
|
–
|
–
|
(22)
|
New
assets originated or purchased
|
(2)
|
–
|
–
|
–
|
(2)
|
Assets
derecognised or repaid (excluding write-offs)
|
2
|
–
|
–
|
–
|
2
|
Transfers
to Stage 3
|
–
|
8
|
(8)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
2
|
12
|
(34,569)
|
–
|
(34,555)
|
Unwinding
of discount
|
–
|
–
|
(9)
|
–
|
(9)
|
Amounts
written off
|
–
|
–
|
34,586
|
–
|
34,586
|
ECL at 31 December 2018
|
–
|
–
|
–
|
–
|
–
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually significant other
|
2018
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
1,681,282
|
1,243,939
|
65,244
|
–
|
2,990,465
|
New
assets originated or purchased
|
3,578,166
|
–
|
–
|
195,301
|
3,773,467
|
Assets
derecognised or repaid (excluding write-offs)
|
(1,575,410)
|
(1,058,516)
|
(189,437)
|
–
|
(2,823,363)
|
Transfers
to Stage 1
|
8,030
|
(6,320)
|
(1,710)
|
–
|
–
|
Transfers
to Stage 2
|
(1,244,308)
|
1,244,927
|
(619)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(1,416,844)
|
1,416,844
|
–
|
–
|
Net
change in accrued interest
|
(1,778)
|
195
|
10,950
|
–
|
9,367
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(3)
|
(331)
|
(3,071)
|
–
|
(3,405)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(564,890)
|
98,333
|
50,177
|
(44,455)
|
(460,835)
|
Recoveries
|
–
|
–
|
–
|
–
|
–
|
Amounts
written off
|
–
|
–
|
(551,452)
|
–
|
(551,452)
|
Effect
from changes in exchange rates
|
5,035
|
10,333
|
10,373
|
–
|
25,741
|
31 December 2018
|
1,886,124
|
115,716
|
807,299
|
150,846
|
2,959,985
|
Individually significant other
|
2018
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(235)
|
(10,904)
|
(58,215)
|
–
|
(69,354)
|
New
assets originated or purchased
|
(792)
|
–
|
–
|
–
|
(792)
|
Assets
derecognised or repaid (excluding write-offs)
|
120
|
253
|
–
|
–
|
373
|
Transfers
to Stage 2
|
475
|
(475)
|
–
|
–
|
–
|
Transfers
to Stage 3
|
–
|
17,494
|
(17,494)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
1,725
|
(865)
|
(459,777)
|
(32)
|
(458,949)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
105
|
–
|
–
|
–
|
105
|
Unwinding
of discount
|
–
|
–
|
(12,782)
|
–
|
(12,782)
|
Amounts
written off
|
–
|
–
|
551,452
|
–
|
551,452
|
Effect
from changes in exchange rates
|
(1,398)
|
(5,503)
|
(3,184)
|
–
|
(10,085)
|
ECL at 31 December 2018
|
–
|
–
|
–
|
(32)
|
(32)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loansless ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant loans issued to small and medium
businesses
|
|
|
|
|
- not
overdue
|
8,258,145
|
(4,042)
|
8,254,103
|
0.0%
|
- overdue for less
than 30 days
|
477,740
|
(6,367)
|
471,373
|
1.3%
|
Stage 1 loans
|
8,735,885
|
(10,409)
|
8,725,476
|
0.1%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
364,155
|
(1,448)
|
362,707
|
0.4%
|
- overdue for less
than 30 days
|
124,942
|
(62)
|
124,880
|
0.0%
|
- overdue for less
than 90 days
|
739,329
|
(22,074)
|
717,255
|
3.0%
|
- overdue for 90
days to 360 days
|
84,150
|
(228)
|
83,922
|
0.3%
|
- overdue for 180
days to 360 days
|
375,063
|
(41,285)
|
333,778
|
11.0%
|
- overdue for more
than 360 days
|
195,479
|
(111,075)
|
84,404
|
56.8%
|
Stage 2 and Stage 3 loans
|
1,883,118
|
(176,172)
|
1,706,946
|
9.4%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant loans issued to small and medium
businesses
|
10,619,003
|
(186,581)
|
10,432,422
|
1.8%
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant mortgage loans
|
|
|
|
|
- not
overdue
|
1,417,344
|
(220)
|
1,417,124
|
0.0%
|
- overdue for less
than 30 days
|
3,428
|
(84)
|
3,344
|
2.5%
|
Stage 1 loans
|
1,420,772
|
(304)
|
1,420,468
|
0.0%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
154,837
|
–
|
154,837
|
0.0%
|
- overdue for less
than 30 days
|
581
|
–
|
581
|
0.0%
|
- overdue for less
than 90 days
|
42,260
|
–
|
42,260
|
0.0%
|
- overdue for 90
days to 360 days
|
66,681
|
(15,396)
|
51,285
|
23.1%
|
- overdue for 180
days to 360 days
|
53,797
|
(9,747)
|
44,050
|
18.1%
|
- overdue for more
than 360 days
|
46,197
|
(31,897)
|
14,300
|
69.0%
|
Stage 2 and Stage 3 loans
|
364,353
|
(57,040)
|
307,313
|
15.7%
|
|
|
|
|
|
POCI
|
766,002
|
–
|
766,002
|
0.0%
|
Total
individually insignificant mortgage loans
|
2,551,127
|
(57,344)
|
2,493,783
|
2.2%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant consumer loans
|
|
|
|
|
- not
overdue
|
1,798,292
|
(145,890)
|
1,652,402
|
8.1%
|
- overdue for less
than 30 days
|
170,051
|
(69,279)
|
100,772
|
40.7%
|
Stage 1 loans
|
1,968,343
|
(215,169)
|
1,753,174
|
10.9%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
295
|
(295)
|
–
|
100.0%
|
- overdue for less
than 30 days
|
1,879
|
(834)
|
1,045
|
44.4%
|
- overdue for less
than 90 days
|
136,782
|
(97,952)
|
38,830
|
71.6%
|
- overdue for 90
days to 360 days
|
170,050
|
(170,050)
|
–
|
100.0%
|
- overdue for 180
days to 360 days
|
251,667
|
(251,667)
|
–
|
100.0%
|
- overdue for more
than 360 days
|
168,277
|
(168,277)
|
–
|
100.0%
|
Stage 2 and Stage 3 loans
|
728,950
|
(689,075)
|
39,875
|
94.5%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant consumer loans
|
2,697,293
|
(904,244)
|
1,793,049
|
33.5%
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant car loans
|
|
|
|
|
- not
overdue
|
65,209
|
–
|
65,209
|
0.0%
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
Stage 1 loans
|
65,209
|
–
|
65,209
|
0.0%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
1,840
|
–
|
1,840
|
0.0%
|
- overdue for 90
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for more
than 360 days
|
–
|
–
|
–
|
–
|
Stage 2 and Stage 3 loans
|
1,840
|
–
|
1,840
|
0.0%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant car loans
|
67,049
|
–
|
67,049
|
0.0%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant credit cards
|
|
|
|
|
- not
overdue
|
386,593
|
(9,672)
|
376,921
|
2.5%
|
- overdue for less
than 30 days
|
417
|
(11)
|
406
|
2.6%
|
Stage 1 loans
|
387,010
|
(9,683)
|
377,327
|
2.5%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
67
|
(67)
|
–
|
100.0%
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
8,594
|
(4,465)
|
4,129
|
52.0%
|
- overdue for 90
days to 360 days
|
8,272
|
(8,272)
|
–
|
100.0%
|
- overdue for 180
days to 360 days
|
7,651
|
(7,093)
|
558
|
92.7%
|
- overdue for more
than 360 days
|
65,541
|
(63,915)
|
1,626
|
97.5%
|
Stage 2 and Stage 3 loans
|
90,125
|
(83,812)
|
6,313
|
93.0%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant credit cards
|
477,135
|
(93,495)
|
383,640
|
19.6%
|
|
31 December 2019
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant other loans secured by collateral
|
|
|
|
|
- not
overdue
|
27,818,295
|
(4,486)
|
27,813,809
|
0.0%
|
- overdue for less
than 30 days
|
1,557,125
|
(2,135)
|
1,554,990
|
0.1%
|
Stage 1 loans
|
29,375,420
|
(6,621)
|
29,368,799
|
0.0%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
430,809
|
(5,214)
|
425,595
|
1.2%
|
- overdue for less
than 30 days
|
111,046
|
–
|
111,046
|
0.0%
|
- overdue for less
than 90 days
|
1,809,443
|
(1,333)
|
1,808,110
|
0.1%
|
- overdue for 90
days to 360 days
|
589,157
|
(6,043)
|
583,114
|
1.0%
|
- overdue for 180
days to 360 days
|
708,771
|
(34,037)
|
674,734
|
4.8%
|
- overdue for more
than 360 days
|
1,372,161
|
(520,823)
|
851,338
|
38.0%
|
Stage 2 and Stage 3 loans
|
5,021,387
|
(567,450)
|
4,453,937
|
11.3%
|
|
|
|
|
|
POCI
|
804,756
|
(13)
|
804,743
|
0.0%
|
Total
individually insignificant other loans secured by
collateral
|
35,201,563
|
(574,084)
|
34,627,479
|
1.6%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant loans issued to small and medium
businesses
|
|
|
|
|
- not
overdue
|
9,325,272
|
(1,159)
|
9,324,113
|
0.0%
|
- overdue for less
than 30 days
|
191,690
|
(3,605)
|
188,085
|
1.9%
|
Stage 1 loans
|
9,516,962
|
(4,764)
|
9,512,198
|
0.1%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
585,844
|
(9,699)
|
576,145
|
1.7%
|
- overdue for less
than 30 days
|
105,717
|
–
|
105,717
|
0.0%
|
- overdue for less
than 90 days
|
196,784
|
(1)
|
196,783
|
0.0%
|
- overdue for 90
days to 360 days
|
79,056
|
(188)
|
78,868
|
0.2%
|
- overdue for 180
days to 360 days
|
80,864
|
(13,937)
|
66,927
|
17.2%
|
- overdue for more
than 360 days
|
259,350
|
(72,588)
|
186,762
|
28.0%
|
Stage 2 and Stage 3 loans
|
1,307,615
|
(96,413)
|
1,211,202
|
7.4%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant loans issued to small and medium
businesses
|
10,824,577
|
(101,177)
|
10,723,400
|
0.9%
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loansl ess ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant mortgage loans
|
|
|
|
|
- not
overdue
|
1,967,280
|
(558)
|
1,966,722
|
0.0%
|
- overdue for less
than 30 days
|
41,186
|
(1,562)
|
39,624
|
3.8%
|
Stage 1 loans
|
2,008,466
|
(2,120)
|
2,006,346
|
0.1%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
358,192
|
(4,995)
|
353,197
|
1.4%
|
- overdue for less
than 30 days
|
3,665
|
–
|
3,665
|
0.0%
|
- overdue for less
than 90 days
|
55,814
|
–
|
55,814
|
0.0%
|
- overdue for 90
days to 360 days
|
11,568
|
–
|
11,568
|
0.0%
|
- overdue for 180
days to 360 days
|
9,518
|
(3,557)
|
5,961
|
37.4%
|
- overdue for more
than 360 days
|
166,663
|
(71,241)
|
95,422
|
42.7%
|
Stage 2 and Stage 3 loans
|
605,420
|
(79,793)
|
525,627
|
13.2%
|
|
|
|
|
|
POCI
|
842,617
|
(10)
|
842,607
|
0.0%
|
Total
individually insignificant mortgage loans
|
3,456,503
|
(81,923)
|
3,374,580
|
2.4%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant consumer loans
|
|
|
|
|
- not
overdue
|
3,151,710
|
(252,834)
|
2,898,876
|
8.0%
|
- overdue for less
than 30 days
|
260,958
|
(83,590)
|
177,368
|
32.0%
|
Stage 1 loans
|
3,412,668
|
(336,424)
|
3,076,244
|
9.9%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
13,887
|
(2,348)
|
11,539
|
16.9%
|
- overdue for less
than 30 days
|
9,322
|
(4,202)
|
5,120
|
45.1%
|
- overdue for less
than 90 days
|
74,957
|
(49,990)
|
24,967
|
66.7%
|
- overdue for 90
days to 360 days
|
256,955
|
(204,561)
|
52,394
|
79.6%
|
- overdue for 180
days to 360 days
|
185,176
|
(149,425)
|
35,751
|
80.7%
|
- overdue for more
than 360 days
|
118,943
|
(105,987)
|
12,956
|
89.1%
|
Stage 2 and Stage 3 loans
|
659,240
|
(516,513)
|
142,727
|
78.3%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant consumer loans
|
4,071,908
|
(852,937)
|
3,218,971
|
20.9%
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant car loans
|
|
|
|
|
- not
overdue
|
22,377
|
(2)
|
22,375
|
0.0%
|
- overdue for less
than 30 days
|
2,151
|
–
|
2,151
|
0.0%
|
Stage 1 loans
|
24,528
|
(2)
|
24,526
|
0.0%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
–
|
–
|
–
|
–
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
–
|
–
|
–
|
–
|
- overdue for 90
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- overdue for more
than 360 days
|
–
|
–
|
–
|
–
|
Stage 2 and Stage 3 loans
|
–
|
–
|
–
|
–
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant car loans
|
24,528
|
(2)
|
24,526
|
0.0%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2018
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant credit cards
|
|
|
|
|
- not
overdue
|
528,905
|
(10,914)
|
517,991
|
2.1%
|
- overdue for less
than 30 days
|
600
|
(16)
|
584
|
2.7%
|
Stage 1 loans
|
529,505
|
(10,930)
|
518,575
|
2.1%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
468
|
(468)
|
–
|
100.0%
|
- overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- overdue for less
than 90 days
|
18,041
|
(9,178)
|
8,863
|
50.9%
|
- overdue for 90
days to 360 days
|
12,517
|
(11,698)
|
819
|
93.5%
|
- overdue for 180
days to 360 days
|
26,315
|
(24,740)
|
1,575
|
94.0%
|
- overdue for more
than 360 days
|
48,708
|
(44,676)
|
4,032
|
91.7%
|
Stage 2 and Stage 3 loans
|
106,049
|
(90,760)
|
15,289
|
85.6%
|
|
|
|
|
|
POCI
|
–
|
–
|
–
|
–
|
Total
individually insignificant credit cards
|
635,554
|
(101,690)
|
533,864
|
16.0%
|
|
31 December 2018
|
|||
|
Loansbefore ECLallowance
|
ECL allowance
|
Loansless ECLallowance
|
ECL allowanceto gross loansbefore ECLallowance, (%)
|
Individually
insignificant other loans secured by collateral
|
|
|
|
|
- not
overdue
|
25,704,595
|
(3,708)
|
25,700,887
|
0.0%
|
- overdue for less
than 30 days
|
1,166,014
|
(130)
|
1,165,884
|
0.0%
|
Stage 1 loans
|
26,870,609
|
(3,838)
|
26,866,771
|
0.0%
|
|
|
|
|
|
Stage 2 and Stage 3 loans
|
|
|
|
|
- not
overdue
|
924,567
|
(4,817)
|
919,750
|
0.5%
|
- overdue for less
than 30 days
|
283,993
|
(134)
|
283,859
|
0.0%
|
- overdue for less
than 90 days
|
893,655
|
(22,426)
|
871,229
|
2.5%
|
- overdue for 90
days to 360 days
|
340,383
|
–
|
340,383
|
0.0%
|
- overdue for 180
days to 360 days
|
442,287
|
(6,782)
|
435,505
|
1.5%
|
- overdue for more
than 360 days
|
1,062,420
|
(187,468)
|
874,952
|
17.6%
|
Stage 2 and Stage 3 loans
|
3,947,305
|
(221,627)
|
3,725,678
|
5.6%
|
|
|
|
|
|
POCI
|
986,857
|
(361)
|
986,496
|
0.0%
|
Total
individually insignificant other loans secured by
collateral
|
31,804,771
|
(225,826)
|
31,578,945
|
0.7%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant loans
|
2019
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
9,516,962
|
179,011
|
1,128,604
|
–
|
10,824,577
|
New
assets originated or purchased
|
6,464,691
|
–
|
–
|
–
|
6,464,691
|
Assets
derecognised or repaid (excluding write-offs)
|
(7,286,799)
|
(183,183)
|
(502,939)
|
–
|
(7,972,921)
|
Transfers
to Stage 1
|
384,007
|
(196,894)
|
(187,113)
|
–
|
–
|
Transfers
to Stage 2
|
(1,577,462)
|
1,905,046
|
(327,584)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(1,226,090)
|
1,226,090
|
–
|
–
|
Net
change in accrued interest
|
58,226
|
5,724
|
66,408
|
–
|
130,358
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(8,126)
|
–
|
(6,748)
|
–
|
(14,874)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
1,184,437
|
(798)
|
8,630
|
–
|
1,192,269
|
Amounts
written off
|
–
|
–
|
(5,043)
|
–
|
(5,043)
|
Effect
from changes in exchange rates
|
(51)
|
(3)
|
–
|
–
|
(54)
|
At 31 December 2019
|
8,735,885
|
482,813
|
1,400,305
|
–
|
10,619,003
|
Individually insignificant loans
|
2019
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
(4,764)
|
(306)
|
(96,107)
|
–
|
(101,177)
|
New
assets originated or purchased
|
(14,552)
|
–
|
–
|
–
|
(14,552)
|
Assets
derecognised or repaid (excluding write-offs)
|
3,309
|
1,428
|
11,021
|
–
|
15,758
|
Transfers
to Stage 1
|
(2,640)
|
2,640
|
–
|
–
|
–
|
Transfers
to Stage 2
|
10,581
|
(10,581)
|
–
|
–
|
–
|
Transfers
to Stage 3
|
–
|
11,448
|
(11,448)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
(2,288)
|
(9,124)
|
(70,980)
|
–
|
(82,392)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(69)
|
–
|
8,963
|
–
|
8,894
|
Unwinding
of discount
|
–
|
–
|
(18,169)
|
–
|
(18,169)
|
Amounts
written off
|
–
|
–
|
5,043
|
–
|
5,043
|
Effect
from changes in exchange rates
|
14
|
–
|
–
|
–
|
14
|
ECL at 31 December 2019
|
(10,409)
|
(4,495)
|
(171,677)
|
–
|
(186,581)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant
|
2019
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
2,008,466
|
160,687
|
444,733
|
842,617
|
3,456,503
|
New
assets originated or purchased
|
11,216
|
–
|
–
|
49,589
|
60,805
|
Assets
derecognised or repaid (excluding write-offs)
|
(624,346)
|
(62,164)
|
(132,072)
|
(137,223)
|
(955,805)
|
Transfers
to Stage 1
|
172,879
|
(69,982)
|
(102,897)
|
–
|
–
|
Transfers
to Stage 2
|
(192,489)
|
317,364
|
(124,875)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(179,121)
|
179,121
|
–
|
–
|
Net
change in accrued interest
|
1,253
|
31
|
5,474
|
8,855
|
15,613
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(3,383)
|
–
|
224
|
2,164
|
(995)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
47,220
|
–
|
(8,377)
|
–
|
38,843
|
Amounts
written off
|
–
|
–
|
(63,685)
|
–
|
(63,685)
|
Effect
from changes in exchange rates
|
(44)
|
(1)
|
(107)
|
–
|
(152)
|
At 31 December 2019
|
1,420,772
|
166,814
|
197,539
|
766,002
|
2,551,127
|
Individually insignificant
|
2019
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
(2,120)
|
(4,994)
|
(74,799)
|
(10)
|
(81,923)
|
New
assets originated or purchased
|
–
|
–
|
–
|
(175)
|
(175)
|
Assets
derecognised or repaid (excluding write-offs)
|
704
|
83
|
2,744
|
4
|
3,535
|
Transfers
to Stage 1
|
(584)
|
34
|
550
|
–
|
–
|
Transfers
to Stage 2
|
641
|
(641)
|
–
|
–
|
–
|
Transfers
to Stage 3
|
–
|
5,605
|
(5,605)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
1,046
|
(87)
|
(38,247)
|
181
|
(37,107)
|
Unwinding
of discount
|
–
|
–
|
(5,430)
|
–
|
(5,430)
|
Amounts
written off
|
–
|
–
|
63,685
|
–
|
63,685
|
Effect
from changes in exchange rates
|
9
|
–
|
62
|
–
|
71
|
ECL at 31 December 2019
|
(304)
|
–
|
(57,040)
|
–
|
(57,344)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant
|
2019
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
3,412,668
|
52,058
|
607,182
|
–
|
4,071,908
|
New
assets originated or purchased
|
600,626
|
–
|
–
|
–
|
600,626
|
Assets
derecognised or repaid (excluding write-offs)
|
(1,599,351)
|
(20,763)
|
(94,404)
|
–
|
(1,714,518)
|
Transfers
to Stage 1
|
158,571
|
(119,335)
|
(39,236)
|
–
|
–
|
Transfers
to Stage 2
|
(686,349)
|
716,230
|
(29,881)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(551,729)
|
551,729
|
–
|
–
|
Net
change in accrued interest
|
82,523
|
4,279
|
41,417
|
–
|
128,219
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(344)
|
(13)
|
(500)
|
–
|
(857)
|
Recoveries
|
–
|
–
|
2,135
|
–
|
2,135
|
Amounts
written off
|
–
|
–
|
(390,220)
|
–
|
(390,220)
|
Effect
from changes in exchange rates
|
(1)
|
–
|
1
|
–
|
–
|
At 31 December 2019
|
1,968,343
|
80,727
|
648,223
|
–
|
2,697,293
|
Individually insignificant
|
2019
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
(336,424)
|
(29,047)
|
(487,466)
|
–
|
(852,937)
|
New
assets originated or purchased
|
(39,891)
|
–
|
–
|
–
|
(39,891)
|
Assets
derecognised or repaid (excluding write-offs)
|
132,256
|
10,015
|
22,303
|
–
|
164,574
|
Transfers
to Stage 1
|
(109,356)
|
73,596
|
35,760
|
–
|
–
|
Transfers
to Stage 2
|
155,705
|
(162,638)
|
6,933
|
–
|
–
|
Transfers
to Stage 3
|
–
|
219,562
|
(219,562)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
(17,459)
|
(152,341)
|
(299,746)
|
–
|
(469,546)
|
Unwinding
of discount
|
–
|
–
|
(94,529)
|
–
|
(94,529)
|
Recoveries
|
–
|
–
|
(2,135)
|
–
|
(2,135)
|
Amounts
written off
|
–
|
–
|
390,220
|
–
|
390,220
|
ECL at 31 December 2019
|
(215,169)
|
(40,853)
|
(648,222)
|
–
|
(904,244)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant
|
2019
|
||||
car loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
24,528
|
–
|
–
|
–
|
24,528
|
New
assets originated or purchased
|
52,651
|
–
|
–
|
–
|
52,651
|
Assets
derecognised or repaid (excluding write-offs)
|
(10,478)
|
–
|
(47)
|
–
|
(10,525)
|
Transfers
to Stage 2
|
(1,887)
|
3,727
|
(1,840)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(1,887)
|
1,887
|
–
|
–
|
Net
change in accrued interest
|
395
|
–
|
–
|
–
|
395
|
Effect
from changes in exchange rates
|
–
|
–
|
–
|
–
|
–
|
At 31 December 2019
|
65,209
|
1,840
|
–
|
–
|
67,049
|
Individually insignificant
|
2019
|
||||
car loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
(2)
|
–
|
–
|
–
|
(2)
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
2
|
–
|
–
|
–
|
2
|
ECL at 31 December 2019
|
–
|
–
|
–
|
–
|
–
|
Individually insignificant
|
2019
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
529,505
|
12,796
|
93,253
|
–
|
635,554
|
New
assets originated or purchased
|
239,445
|
–
|
–
|
–
|
239,445
|
Assets
derecognised or repaid (excluding write-offs)
|
(362,265)
|
(6,914)
|
(24,407)
|
–
|
(393,586)
|
Transfers
to Stage 1
|
10,977
|
(6,786)
|
(4,191)
|
–
|
–
|
Transfers
to Stage 2
|
(33,074)
|
34,525
|
(1,451)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(29,648)
|
29,648
|
–
|
–
|
Net
change in accrued interest
|
2,308
|
450
|
8,764
|
–
|
11,522
|
Transfers
between the levels as a result of changes in materiality of
loans
|
119
|
–
|
–
|
–
|
119
|
Amounts
written off
|
–
|
–
|
(15,913)
|
–
|
(15,913)
|
Effect
from changes in exchange rates
|
(5)
|
(1)
|
–
|
–
|
(6)
|
At 31 December 2019
|
387,010
|
4,422
|
85,703
|
–
|
477,135
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant
|
2019
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
(10,930)
|
(4,005)
|
(86,755)
|
–
|
(101,690)
|
New
assets originated or purchased
|
(9,102)
|
–
|
–
|
–
|
(9,102)
|
Assets
derecognised or repaid (excluding write-offs)
|
13,437
|
2,238
|
22,750
|
–
|
38,425
|
Transfers
to Stage 1
|
(6,104)
|
2,215
|
3,889
|
–
|
–
|
Transfers
to Stage 2
|
2,759
|
(3,642)
|
883
|
–
|
–
|
Transfers
to Stage 3
|
–
|
5,657
|
(5,657)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
260
|
(2,978)
|
(13,777)
|
–
|
(16,495)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(5)
|
–
|
–
|
–
|
(5)
|
Unwinding
of discount
|
–
|
–
|
(20,543)
|
–
|
(20,543)
|
Amounts
written off
|
–
|
–
|
15,913
|
–
|
15,913
|
Effect
from changes in exchange rates
|
2
|
–
|
–
|
–
|
2
|
ECL at 31 December 2019
|
(9,683)
|
(515)
|
(83,297)
|
–
|
(93,495)
|
Individually insignificant other
|
2019
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2019
|
26,870,609
|
648,461
|
3,298,844
|
986,857
|
31,804,771
|
New
assets originated or purchased
|
18,191,618
|
–
|
–
|
17,377
|
18,208,995
|
Assets
derecognised or repaid (excluding write-offs)
|
(13,682,079)
|
(429,923)
|
(1,463,856)
|
(235,915)
|
(15,811,773)
|
Transfers
to Stage 1
|
1,660,161
|
(837,292)
|
(822,869)
|
–
|
–
|
Transfers
to Stage 2
|
(4,620,388)
|
5,326,295
|
(705,907)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(3,754,844)
|
3,754,844
|
–
|
–
|
Net
change in accrued interest
|
213,026
|
12,406
|
269,317
|
599
|
495,348
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(142)
|
(176)
|
(6,307)
|
(4)
|
(6,629)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
742,608
|
(1,810)
|
(155,884)
|
35,842
|
620,756
|
Amounts
written off
|
–
|
–
|
(108,054)
|
–
|
(108,054)
|
Effect
from changes in exchange rates
|
7
|
(4)
|
(1,854)
|
–
|
(1,851)
|
At 31 December 2019
|
29,375,420
|
963,113
|
4,058,274
|
804,756
|
35,201,563
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant other
|
2019
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2019
|
(3,838)
|
(4,304)
|
(217,323)
|
(361)
|
(225,826)
|
New
assets originated or purchased
|
(11,703)
|
–
|
–
|
–
|
(11,703)
|
Assets
derecognised or repaid (excluding write-offs)
|
2,656
|
500
|
41,650
|
98
|
44,904
|
Transfers
to Stage 1
|
(18,087)
|
816
|
17,271
|
–
|
–
|
Transfers
to Stage 2
|
3,334
|
(4,164)
|
830
|
–
|
–
|
Transfers
to Stage 3
|
–
|
8,065
|
(8,065)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
20,767
|
(5,416)
|
(461,449)
|
250
|
(445,848)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
252
|
–
|
–
|
–
|
252
|
Unwinding
of discount
|
–
|
–
|
(44,376)
|
–
|
(44,376)
|
Amounts
written off
|
–
|
–
|
108,054
|
–
|
108,054
|
Effect
from changes in exchange rates
|
(2)
|
1
|
460
|
–
|
459
|
ECL at 31 December 2019
|
(6,621)
|
(4,502)
|
(562,948)
|
(13)
|
(574,084)
|
Individually insignificant loans
|
2018
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
8,115,959
|
537,228
|
273,239
|
–
|
8,926,426
|
New
assets originated or purchased
|
5,789,675
|
–
|
–
|
–
|
5,789,675
|
Assets
derecognised or repaid (excluding write-offs)
|
(3,783,571)
|
(219,579)
|
(665,090)
|
–
|
(4,668,240)
|
Transfers
to Stage 1
|
24,586
|
(19,352)
|
(5,234)
|
–
|
–
|
Transfers
to Stage 2
|
(1,091,949)
|
1,093,844
|
(1,895)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(1,417,820)
|
1,417,820
|
–
|
–
|
Net
change in accrued interest
|
(5,443)
|
598
|
33,524
|
–
|
28,679
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(10)
|
(1,012)
|
(9,402)
|
–
|
(10,424)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
452,302
|
173,468
|
166,931
|
–
|
792,701
|
Amounts
written off
|
–
|
–
|
(113,049)
|
–
|
(113,049)
|
Effect
from changes in exchange rates
|
15,413
|
31,636
|
31,760
|
–
|
78,809
|
At 31 December 2018
|
9,516,962
|
179,011
|
1,128,604
|
–
|
10,824,577
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant loans
|
2018
|
||||
issued to small and medium businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(2,354)
|
(2,284)
|
(47,090)
|
–
|
(51,728)
|
New
assets originated or purchased
|
(8,097)
|
–
|
–
|
–
|
(8,097)
|
Assets
derecognised or repaid (excluding write-offs)
|
1,896
|
9,154
|
14,278
|
–
|
25,328
|
Transfers
to Stage 1
|
(548)
|
548
|
–
|
–
|
–
|
Transfers
to Stage 2
|
5,782
|
(6,180)
|
398
|
–
|
–
|
Transfers
to Stage 3
|
–
|
2,169
|
(2,169)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
(432)
|
(3,015)
|
(142,884)
|
–
|
(146,331)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
(199)
|
(8,640)
|
–
|
(8,839)
|
Unwinding
of discount
|
–
|
–
|
(22,940)
|
–
|
(22,940)
|
Amounts
written off
|
–
|
–
|
113,049
|
–
|
113,049
|
Effect
from changes in exchange rates
|
(1,011)
|
(499)
|
(109)
|
–
|
(1,619)
|
ECL at 31 December 2018
|
(4,764)
|
(306)
|
(96,107)
|
–
|
(101,177)
|
Individually insignificant
|
2018
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
3,679,470
|
1,359,876
|
574,567
|
–
|
5,613,913
|
New
assets originated or purchased
|
405,505
|
–
|
–
|
864,480
|
1,269,985
|
Assets
derecognised or repaid (excluding write-offs)
|
(626,829)
|
(38,213)
|
(1,193,236)
|
(22,382)
|
(1,880,660)
|
Transfers
to Stage 1
|
86,909
|
(86,909)
|
–
|
–
|
–
|
Transfers
to Stage 2
|
(1,643,059)
|
1,644,541
|
(1,482)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(2,717,125)
|
2,717,125
|
–
|
–
|
Net
change in accrued interest
|
(1,289)
|
(1,485)
|
25,198
|
519
|
22,943
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
–
|
–
|
(16,995)
|
–
|
(16,995)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
107,757
|
–
|
(51,615)
|
–
|
56,142
|
Recoveries
|
–
|
–
|
–
|
–
|
–
|
Amounts
written off
|
–
|
–
|
(1,642,814)
|
–
|
(1,642,814)
|
Effect
from changes in exchange rates
|
2
|
2
|
33,985
|
–
|
33,989
|
At 31 December 2018
|
2,008,466
|
160,687
|
444,733
|
842,617
|
3,456,503
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant
|
2018
|
||||
mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(12,980)
|
(111,682)
|
(112,674)
|
–
|
(237,336)
|
New
assets originated or purchased
|
(1,976)
|
–
|
–
|
–
|
(1,976)
|
Assets
derecognised or repaid (excluding write-offs)
|
1,858
|
5,532
|
297,847
|
–
|
305,237
|
Transfers
to Stage 1
|
(3,265)
|
3,265
|
–
|
–
|
–
|
Transfers
to Stage 2
|
883
|
(1,584)
|
701
|
–
|
–
|
Transfers
to Stage 3
|
–
|
89,207
|
(89,207)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
13,360
|
10,267
|
(1,807,426)
|
(10)
|
(1,783,809)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
–
|
23,217
|
–
|
23,217
|
Unwinding
of discount
|
–
|
–
|
(22,090)
|
–
|
(22,090)
|
Amounts
written off
|
–
|
–
|
1,642,814
|
–
|
1,642,814
|
Effect
from changes in exchange rates
|
–
|
2
|
(7,982)
|
–
|
(7,980)
|
ECL at 31 December 2018
|
(2,120)
|
(4,993)
|
(74,800)
|
(10)
|
(81,923)
|
Individually insignificant
|
2018
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
3,701,071
|
104,488
|
128,023
|
–
|
3,933,582
|
New
assets originated or purchased
|
2,446,287
|
–
|
–
|
–
|
2,446,287
|
Assets
derecognised or repaid (excluding write-offs)
|
(1,649,133)
|
(5,008)
|
(151,496)
|
–
|
(1,805,637)
|
Transfers
to Stage 1
|
10,890
|
(8,572)
|
(2,318)
|
–
|
–
|
Transfers
to Stage 2
|
(1,100,858)
|
1,101,698
|
(840)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(1,154,377)
|
1,154,377
|
–
|
–
|
Net
change in accrued interest
|
(2,411)
|
265
|
14,849
|
–
|
12,703
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(4)
|
(448)
|
(4,164)
|
–
|
(4,616)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
–
|
(51,659)
|
–
|
(51,659)
|
Amounts
written off
|
–
|
–
|
(493,657)
|
–
|
(493,657)
|
Effect
from changes in exchange rates
|
6,826
|
14,012
|
14,067
|
–
|
34,905
|
At 31 December 2018
|
3,412,668
|
52,058
|
607,182
|
–
|
4,071,908
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant
|
2018
|
||||
consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(309,127)
|
(22,889)
|
(102,337)
|
–
|
(434,353)
|
New
assets originated or purchased
|
(231,798)
|
–
|
–
|
–
|
(231,798)
|
Assets
derecognised or repaid (excluding write-offs)
|
176,050
|
705
|
94,366
|
–
|
271,121
|
Transfers
to Stage 1
|
(3,115)
|
1,601
|
1,514
|
–
|
–
|
Transfers
to Stage 2
|
150,652
|
(151,357)
|
705
|
–
|
–
|
Transfers
to Stage 3
|
–
|
210,250
|
(210,250)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
(119,079)
|
(67,358)
|
(805,755)
|
–
|
(992,192)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
–
|
–
|
51,639
|
–
|
51,639
|
Unwinding
of discount
|
–
|
–
|
(10,261)
|
–
|
(10,261)
|
Amounts
written off
|
–
|
–
|
493,657
|
–
|
493,657
|
Effect
from changes in exchange rates
|
(7)
|
–
|
(743)
|
–
|
(750)
|
ECL at 31 December 2018
|
(336,424)
|
(29,048)
|
(487,465)
|
–
|
(852,937)
|
Individually insignificant
|
2018
|
||||
car loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
26,342
|
1,582
|
11,797
|
–
|
39,721
|
New
assets originated or purchased
|
11,420
|
–
|
–
|
–
|
11,420
|
Assets
derecognised or repaid (excluding write-offs)
|
(7,308)
|
(877)
|
(18,293)
|
–
|
(26,478)
|
Transfers
to Stage 1
|
119
|
(94)
|
(25)
|
–
|
–
|
Transfers
to Stage 2
|
(6,093)
|
6,102
|
(9)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(6,865)
|
6,865
|
–
|
–
|
Net
change in accrued interest
|
(26)
|
3
|
162
|
–
|
139
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
–
|
(5)
|
(46)
|
–
|
(51)
|
Amounts
written off
|
–
|
–
|
(605)
|
–
|
(605)
|
Effect
from changes in exchange rates
|
74
|
154
|
154
|
–
|
382
|
At 31 December 2018
|
24,528
|
–
|
–
|
–
|
24,528
|
Individually insignificant
|
2018
|
||||
car loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(6)
|
–
|
(5,559)
|
–
|
(5,565)
|
Assets
derecognised or repaid (excluding write-offs)
|
3
|
–
|
5,662
|
–
|
5,665
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
–
|
–
|
(709)
|
–
|
(709)
|
Amounts
written off
|
–
|
–
|
605
|
–
|
605
|
Effect
from changes in exchange rates
|
–
|
–
|
1
|
–
|
1
|
ECL at 31 December 2018
|
(3)
|
–
|
–
|
–
|
(3)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant
|
2018
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
613,861
|
12,559
|
55,790
|
–
|
682,210
|
New
assets originated or purchased
|
446,322
|
–
|
–
|
–
|
446,322
|
Assets
derecognised or repaid (excluding write-offs)
|
(419,379)
|
(3,681)
|
(28,038)
|
–
|
(451,098)
|
Transfers
to Stage 1
|
5,861
|
(5,464)
|
(397)
|
–
|
–
|
Transfers
to Stage 2
|
(116,746)
|
116,890
|
(144)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(107,476)
|
107,476
|
–
|
–
|
Net
change in accrued interest
|
(413)
|
45
|
2,541
|
–
|
2,173
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(1)
|
(77)
|
(713)
|
–
|
(791)
|
Amounts
written off
|
–
|
–
|
(43,263)
|
–
|
(43,263)
|
Effect
from changes in exchange rates
|
–
|
–
|
1
|
–
|
1
|
At 31 December 2018
|
529,505
|
12,796
|
93,253
|
–
|
635,554
|
Individually insignificant
|
2018
|
||||
credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(25,393)
|
(2,095)
|
(52,293)
|
–
|
(79,781)
|
New
assets originated or purchased
|
(11,100)
|
–
|
–
|
–
|
(11,100)
|
Assets
derecognised or repaid (excluding write-offs)
|
16,848
|
203
|
18,012
|
–
|
35,063
|
Transfers
to Stage 1
|
(1,860)
|
1700
|
160
|
–
|
–
|
Transfers
to Stage 2
|
4,784
|
(4,884)
|
100
|
–
|
–
|
Transfers
to Stage 3
|
–
|
4,784
|
(4,784)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
5,792
|
(3,712)
|
(89,247)
|
–
|
(87,167)
|
Unwinding
of discount
|
–
|
–
|
(1,964)
|
–
|
(1,964)
|
Amounts
written off
|
–
|
–
|
43,263
|
–
|
43,263
|
Effect
from changes in exchange rates
|
(1)
|
(3)
|
–
|
–
|
(4)
|
ECL at 31 December 2018
|
(10,930)
|
(4,007)
|
(86,753)
|
–
|
(101,690)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Individually insignificant other
|
2018
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
Gross carrying value as at 1 January 2018
|
21,585,670
|
1,909,046
|
1,610,959
|
–
|
25,105,675
|
New
assets originated or purchased
|
14,530,853
|
–
|
–
|
942,402
|
15,473,255
|
Assets
derecognised or repaid (excluding write-offs)
|
(6,423,373)
|
(699,191)
|
(1,249,087)
|
–
|
(8,371,651)
|
Transfers
to Stage 1
|
69,126
|
(54,410)
|
(14,716)
|
–
|
–
|
Transfers
to Stage 2
|
(3,484,555)
|
3,489,884
|
(5,329)
|
–
|
–
|
Transfers
to Stage 3
|
–
|
(3,986,314)
|
3,986,314
|
–
|
–
|
Net
change in accrued interest
|
(15,303)
|
1,682
|
94,255
|
–
|
80,634
|
Changes
to contractual cash flows due to modifications not resulting in
derecognition
|
(27)
|
(2,847)
|
(26,434)
|
–
|
(29,308)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
564,890
|
(98,333)
|
(50,177)
|
44,455
|
460,835
|
Recoveries
|
–
|
–
|
–
|
–
|
–
|
Amounts
written off
|
–
|
–
|
(1,142,212)
|
–
|
(1,142,212)
|
Effect
from changes in exchange rates
|
43,328
|
88,944
|
95,271
|
–
|
227,543
|
At 31 December 2019
|
26,870,609
|
648,461
|
3,298,844
|
986,857
|
31,804,771
|
Individually insignificant other
|
2018
|
||||
loans secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL at 1 January 2018
|
(7,094)
|
(28,800)
|
(181,203)
|
–
|
(217,097)
|
New
assets originated or purchased
|
(7,897)
|
–
|
–
|
–
|
(7,897)
|
Assets
derecognised or repaid (excluding write-offs)
|
2,609
|
2,557
|
27,120
|
–
|
32,286
|
Transfers
to Stage 1
|
(5,956)
|
5,956
|
–
|
–
|
–
|
Transfers
to Stage 2
|
1,565
|
(4,264)
|
2,699
|
–
|
–
|
Transfers
to Stage 3
|
–
|
18,038
|
(18,038)
|
–
|
–
|
Impact
on period end ECL of exposures transferred between stages and
changes to inputs used for ECL calculations during the
period
|
14,522
|
3,665
|
(1,128,662)
|
(361)
|
(1,110,836)
|
Transfers
between the levels as a result of changes in materiality of
loans
|
(105)
|
–
|
–
|
–
|
(105)
|
Unwinding
of discount
|
–
|
–
|
(57,684)
|
–
|
(57,684)
|
Amounts
written off
|
–
|
–
|
1,142,212
|
–
|
1,142,212
|
Effect
from changes in exchange rates
|
(1,482)
|
(1,454)
|
(3,769)
|
–
|
(6,705)
|
ECL at 31 December 2018
|
(3,838)
|
(4,302)
|
(217,325)
|
(361)
|
(225,826)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Car
loans
|
3,042,659
|
4,617,741
|
Loans issued to
small and medium-sized businesses
|
191,803
|
415,957
|
Consumer
loans
|
–
|
119,736
|
Mortgages
|
–
|
–
|
Credit
cards
|
2,407
|
6,910
|
Other loans secured
by collateral
|
4,408,189
|
3,888,822
|
|
7,645,058
|
9,049,166
|
|
2019
|
2018
|
|
|
|
Buildings and
land
|
1,696,831
|
1,958,289
|
Total
repossessed collateral
|
1,696,831
|
1,958,289
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Individuals
|
43,345,908
|
43,055,256
|
Trade
of consumer goods
|
8,952,934
|
9,964,374
|
Services
|
6,049,526
|
9,218,377
|
Real
estate transactions and rent
|
5,240,497
|
5,948,362
|
Industrial
constructions
|
1,966,673
|
1,806,009
|
Medicine,
science and education
|
1,248,787
|
1,822,537
|
Financial
services
|
1,128,957
|
381,178
|
Transport
and logistics services
|
958,895
|
1,630,844
|
Production
and sale of cars, machinery and equipment
|
903,853
|
982,864
|
Extraction
and processing of mineral resources, metal and chemical
industry
|
726,254
|
736,528
|
Civil
engineering
|
681,931
|
812,487
|
Agriculture
|
274,040
|
181,417
|
Manufacturing
sector
|
228,184
|
361,252
|
Telecommunication
|
130,296
|
89,086
|
Other
|
11,948
|
12,088
|
|
71,848,683
|
77,002,659
|
|
|
|
ECL
allowance
|
(3,724,356)
|
(2,398,221)
|
|
68,124,327
|
74,604,438
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
2019
|
2018
|
Loans to
customers modified during the period
|
|
|
Amortised cost before
modification
|
5,397,281
|
2,847,196
|
Net loss on modification of loans
to customers not resulting in derecognition
|
(87,862)
|
(95,080)
|
Debt securities measured at amortised cost
|
31 December
2019
|
31 December
2018
|
|
|
|
Treasury bills of the Ministry of
Finance of the Republic of Kazakhstan rated
BBB-
|
3,793,622
|
–
|
ECL allowance
|
(8,577)
|
–
|
Investment
securities measured at amortised cost
|
3,785,045
|
–
|
|
|
|
Debt securities measured at FVOCI
|
|
|
|
|
|
Discount notes of the NBRK rated at
BBB-
|
–
|
1,655,639
|
ECL allowance
|
–
|
(179)
|
Investment
securities measured at FVOCI
|
–
|
1,655,460
|
Investment
securities
|
3,785,045
|
1,655,460
|
Debt securities measured at amortised cost
|
2019
|
2018
|
|
|
|
ECL allowance as
at 1 January
|
–
|
–
|
Net change in the allowance for the
year (Note
19)
|
(8,545)
|
–
|
Foreign exchange
adjustments
|
(32)
|
–
|
At 31
December
|
(8,577)
|
–
|
Debt securities measured at FVOCI
|
2019
|
2018
|
|
|
|
ECL allowance as
at 1 January
|
(179)
|
(923)
|
Net change in the allowance for the
year (Note
19)
|
179
|
744
|
At 31
December
|
–
|
(179)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Land
|
Buildings and construc-tions
|
Furniture and office equipment
|
Computer equipment
|
Vehicles
|
Leasehold improve-ments
|
Right-of-use assets
|
Total
|
Revalued amount
/ cost
|
|
|
|
|
|
|
|
|
At 31 December
2017
|
484,983
|
5,348,633
|
936,031
|
589,684
|
43,674
|
16,595
|
–
|
7,419,600
|
Additions
|
–
|
9,032
|
26,517
|
27,615
|
41
|
1,857
|
–
|
65,062
|
Disposals
|
–
|
–
|
(2,990)
|
(125)
|
(18,182)
|
(2,852)
|
–
|
(24,149)
|
At 31 December
2018
|
484,983
|
5,357,665
|
959,558
|
617,174
|
25,533
|
15,600
|
–
|
7,460,513
|
|
|
|
|
|
|
|
|
|
Additions
|
–
|
–
|
30,031
|
71,016
|
–
|
9,600
|
543,824
|
654,471
|
Disposals
|
–
|
–
|
(13,894)
|
(4,670)
|
–
|
(440)
|
(276,467)
|
(295,471)
|
At 31 December
2019
|
484,983
|
5,357,665
|
975,695
|
683,520
|
25,533
|
24,760
|
267,357
|
7,819,513
|
|
|
|
|
|
|
|
|
|
Accumulated
depreciation
|
|
|
|
|
|
|
|
|
At 31 December
2017
|
–
|
(153,869)
|
(363,033)
|
(337,862)
|
(9,525)
|
(5,292)
|
–
|
(869,581)
|
Charge
|
–
|
(85,643)
|
(98,346)
|
(47,180)
|
(3,553)
|
(3,302)
|
–
|
(238,024)
|
Disposals
|
–
|
–
|
2,778
|
125
|
10,737
|
1,312
|
–
|
14,952
|
At 31 December
2018
|
–
|
(239,512)
|
(458,601)
|
(384,917)
|
(2,341)
|
(7,282)
|
–
|
(1,092,653)
|
|
|
|
|
|
|
|
|
|
Charge
|
–
|
(85,794)
|
(98,012)
|
(50,319)
|
(2,554)
|
(4,563)
|
(91,998)
|
(333,240)
|
Disposals
|
–
|
–
|
12,609
|
4,593
|
–
|
440
|
46,551
|
64,193
|
At 31 December
2019
|
–
|
(325,306)
|
(544,004)
|
(430,643)
|
(4,895)
|
(11,405)
|
(45,447)
|
(1,361,700)
|
|
|
|
|
|
|
|
|
|
Net book
value
|
|
|
|
|
|
|
|
|
At 31 December
2017
|
484,983
|
5,194,764
|
572,998
|
251,822
|
34,149
|
11,303
|
–
|
6,550,019
|
At 31 December
2018
|
484,983
|
5,118,153
|
500,957
|
232,257
|
23,192
|
8,318
|
–
|
6,367,860
|
At 31 December
2019
|
484,983
|
5,032,359
|
431,691
|
252,877
|
20,638
|
13,355
|
221,910
|
6,457,813
|
|
2019
|
2018
|
|
|
|
Cost
|
5,007,157
|
5,007,157
|
Accumulated
depreciation
|
(490,132)
|
(417,541)
|
Net
book value
|
4,517,025
|
4,589,616
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Computer software
|
Licenses
|
Total
|
Cost
|
|
|
|
At
31 December 2017
|
1,526,291
|
208
|
1,526,499
|
Additions
|
139,000
|
–
|
139,000
|
At
31 December 2018
|
1,665,291
|
208
|
1,665,499
|
|
|
|
|
Additions
|
102,801
|
–
|
102,801
|
Disposals
|
(3,568)
|
–
|
(3,568)
|
At
31 December 2019
|
1,764,524
|
208
|
1,764,732
|
|
|
|
|
Accumulated
depreciation
|
|
|
|
At
31 December 2017
|
(485,246)
|
(208)
|
(485,454)
|
Charge
|
(58,415)
|
–
|
(58,415)
|
At
31 December 2018
|
(543,661)
|
(208)
|
(543,869)
|
|
|
|
|
Charge
|
(63,895)
|
–
|
(63,895)
|
At
31 December 2019
|
(607,556)
|
(208)
|
(607,764)
|
|
|
|
|
Net
book value
|
|
|
|
At
31 December 2017
|
1,041,045
|
–
|
1,041,045
|
At
31 December 2018
|
1,121,630
|
–
|
1,121,630
|
At
31 December 2019
|
1,156,968
|
–
|
1,156,968
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Other
receivables
|
536,626
|
295,208
|
ECL
allowance
|
(34,562)
|
(12,578)
|
Other
financial assets
|
502,064
|
282,630
|
|
|
|
Inventories
|
1,713,650
|
1,969,582
|
Prepaid
expenses
|
485,264
|
163,780
|
Taxes
prepaid other than corporate income tax
|
140,116
|
113,629
|
Prepayment
for property and equipment and intangible assets
|
77,950
|
36,767
|
Other
|
43,297
|
87,052
|
Total
other non-financial assets
|
2,460,277
|
2,370,810
|
Other
assets
|
2,962,341
|
2,653,440
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Stage 1
|
Stage 3
|
Total
|
|
|
|
|
ECL allowance as at 1 January 2019
|
(12,578)
|
–
|
(12,578)
|
Transfers
to Stage 3
|
10,724
|
(10,724)
|
–
|
Net change in the allowance for the year
(Note
19)
|
–
|
(22,026)
|
(22,026)
|
Foreign
exchange adjustments
|
42
|
–
|
42
|
ECL allowance as at 31 December 2019
|
(1,812)
|
(32,750)
|
(34,562)
|
|
Stage 1
|
Stage 3
|
Total
|
|
|
|
|
ECL allowance as at 1 January 2018
|
(797)
|
–
|
(797)
|
Net change in the allowance for the year
(Note
19)
|
(11,467)
|
–
|
(11,467)
|
Foreign
exchange adjustments
|
(314)
|
–
|
(314)
|
ECL
allowance as at 31 December 2019
|
(12,578)
|
–
|
(12,578)
|
|
2019
|
2018
|
|
|
|
Current corporate
income tax expense
|
402,145
|
–
|
Deferred corporate
income tax expense – origination and decrease of temporary
differences
|
155,797
|
388,579
|
Corporate
income tax expense
|
557,942
|
388,579
|
|
2019
|
2018
|
|
|
|
Profit
before corporate income tax expense
|
2,560,738
|
1,808,265
|
Statutory tax
rate
|
20%
|
20%
|
Theoretical
corporate income tax expense at the statutory rate
|
512,148
|
361,653
|
|
|
|
Non-deductible
interest expenses on preferred shares
|
16,000
|
16,000
|
Non-deductible
administrative expenses
|
24,860
|
7,281
|
Other permanent
differences
|
4,934
|
3,645
|
Corporate
income tax expense
|
557,942
|
388,579
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Tax effect of
deductible temporary differences
|
2017
|
Impact of adopting IFRS 9
|
Origination and reversal of temporary differences within profit or
loss
|
2018
|
Origination and reversal of temporary differences within profit or
loss
|
2019
|
|
|
|
|
|
|
|
Loans to
customers
|
–
|
151,485
|
(2,838)
|
148,647
|
(44,548)
|
104,099
|
Tax losses carried
forward
|
10,817
|
–
|
137,667
|
148,484
|
(148,484)
|
–
|
Other assets
|
–
|
–
|
25,054
|
25,054
|
6,626
|
31,680
|
Amounts due to banks and other
financial institutions
|
40
|
–
|
40
|
80
|
(67)
|
13
|
Right-of-use
assets
|
–
|
–
|
–
|
–
|
20,052
|
20,052
|
Other
liabilities
|
11,816
|
–
|
42,328
|
54,144
|
37,163
|
91,307
|
Deferred tax
asset
|
22,673
|
151,485
|
202,251
|
376,409
|
(129,258)
|
247,151
|
|
|
|
|
|
|
|
Tax effect of
taxable temporary differences
|
|
|
|
|
|
|
Loans to
customers
|
(274,649)
|
–
|
274,649
|
–
|
–
|
–
|
Property and equipment and
intangible assets
|
(500,749)
|
–
|
(61,361)
|
(562,110)
|
(26,644)
|
(588,754)
|
Amounts due to banks and other
financial institutions
|
–
|
–
|
(584,058)
|
(584,058)
|
(9,267)
|
(593,325)
|
Subordinated
loan
|
(131,429)
|
–
|
(220,060)
|
(351,489)
|
9,372
|
(342,117)
|
Deferred tax
liability
|
(906,827)
|
–
|
(590,830)
|
(1,497,657)
|
(26,539)
|
(1,524,196)
|
Deferred
corporate income tax liabilities
|
(884,154)
|
151,485
|
(388,579)
|
(1,121,248)
|
(155,797)
|
(1,277,045)
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Loans and deposits
from governmental organisations
|
7,933,858
|
7,868,144
|
Loans from
international financial institutions
|
1,177,661
|
3,041,434
|
Amounts
due to banks and other financial institutions
|
9,111,519
|
10,909,578
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December
2019
|
31 December
2018
|
Current
accounts and demand deposits
|
|
|
- Retail
customers
|
2,435,282
|
1,748,597
|
- Corporate
customers
|
16,458,064
|
16,466,053
|
|
|
|
Time
deposits
|
|
|
- Retail
customers
|
33,629,202
|
30,072,092
|
- Corporate
customers
|
30,225,503
|
47,750,214
|
|
|
|
Guarantee
deposits
|
|
|
- Retail
customers
|
1,659,251
|
3,654,509
|
-
Corporate customers
|
1,394,996
|
840,719
|
|
85,802,298
|
100,532,184
|
|
|
|
Held as security
against loans to customers
|
1,441,500
|
3,488,715
|
Held as security
against guarantees (Note
23)
|
1,612,747
|
1,006,513
|
|
31 December 2019
|
31 December 2018
|
||
|
Amount
|
%
|
Amount
|
%
|
|
|
|
|
|
Individuals
|
37,723,735
|
43.9%
|
35,475,198
|
35.3%
|
Rent
|
6,361,162
|
7.4%
|
4,383,255
|
4.4%
|
Mining
industry
|
6,144,578
|
7.2%
|
4,739,670
|
4.7%
|
Real estate
construction
|
4,401,961
|
5.1%
|
3,287,824
|
3.3%
|
Insurance
|
3,655,804
|
4.3%
|
11,890,636
|
11.8%
|
Financial
services
|
3,261,913
|
3.8%
|
9,713,043
|
9.7%
|
Trade
|
2,897,089
|
3.4%
|
3,531,945
|
3.5%
|
Production
|
2,853,421
|
3.3%
|
4,298,651
|
4.3%
|
Transport
|
2,811,617
|
3.3%
|
2,262,337
|
2.2%
|
Professional
services
|
2,757,236
|
3.2%
|
4,506,090
|
4.5%
|
Education
|
1,772,274
|
2.1%
|
3,033,375
|
3.0%
|
Property
|
1,260,626
|
1.5%
|
906,213
|
0.9%
|
Communication and
information
|
1,119,107
|
1.3%
|
1,357,947
|
1.4%
|
Electrical
power
|
919,085
|
1.1%
|
6,817
|
0.0%
|
Non-commercial
entities
|
915,066
|
1.1%
|
1,514,707
|
1.5%
|
Agriculture
|
310,290
|
0.4%
|
141,721
|
0.1%
|
Medical
services
|
172,904
|
0.2%
|
45,159
|
0.0%
|
Asset
management
|
120,737
|
0.1%
|
79,150
|
0.1%
|
Other
|
6,343,693
|
7.3%
|
9,358,446
|
9.3%
|
Amounts
due to customers
|
85,802,298
|
100.0%
|
100,532,184
|
100.0%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Long-term loans
|
2,263,255
|
2,204,190
|
Debt component of preferred
shares
|
1,040,000
|
1,040,000
|
Subordinated
debt
|
3,303,255
|
3,244,190
|
Creditor
|
|
Borro-wing currency
|
Nominal interest rate
|
|
Date
of issue
|
|
Maturity
|
31 December
2019
|
31 December
2018
|
|
|
|
|
|
|
|
|
|
|
Global Development
LLP
|
|
Tenge
|
7.00%
|
|
20
June2011
|
|
24
July2033
|
837,009
|
823,084
|
Maglink Limited
|
|
US
Dollar
|
3.00%
|
|
28
June2011
|
|
20
June2033
|
364,364
|
352,490
|
Global Development
LLP
|
|
Tenge
|
7.00%
|
|
23
June2011
|
|
24
July2033
|
29,448
|
28,949
|
Global Development
LLP
|
|
Tenge
|
7.00%
|
|
29 August2016
|
|
24 July2033
|
1,032,434
|
999,667
|
|
|
|
|
|
|
|
2,263,255
|
2,204,190
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Payables to
suppliers
|
74,332
|
72,172
|
Other financial
liabilities
|
55,655
|
52,022
|
Other financial
liabilities
|
129,987
|
124,194
|
|
|
|
Accrued expenses on
premiums
|
443,279
|
247,850
|
Accrued expenses for unused
vacations
|
19,964
|
33,546
|
Other taxes payable other than
corporate income tax
|
7,343
|
9,761
|
Fees and commissions of future
periods on issued guarantees
|
13,255
|
43,512
|
Provisions
|
–
|
16,247
|
Other non-financial
liabilities
|
224
|
162
|
Other
non-financial liabilities
|
484,065
|
351,078
|
Other
liabilities
|
614,052
|
475,272
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
31 December 2018
|
||||
Type of shares
|
Number of outstanding shares
|
Net assets (thousands of tenge)
|
Book value per share (tenge)
|
Number of outstanding shares
|
Net assets (thousands of tenge)
|
Book value per share (tenge)
|
|
|
|
|
|
|
|
Ordinary
|
9,356,140
|
15,000,818
|
1,603.31
|
9,356,140
|
13,030,978
|
1,392.77
|
|
2019
|
2018
|
|
|
|
Interest
income calculated using effective interest rate
|
|
|
Loans
to customers
|
13,312,631
|
12,374,311
|
Cash
and cash equivalents
|
302,991
|
370,199
|
Amounts
due from other banks and other financial institutions
|
5,682
|
133,949
|
Investment
securities
|
|
|
-
measured at FVOCI
|
84,284
|
170,820
|
-
measured at amortised cost
|
28,418
|
9,226
|
Other
assets
|
68,066
|
29,161
|
Interest
income
|
13,802,072
|
13,087,666
|
|
|
|
Interest
expense calculated using effective interest rate
|
|
|
Amounts due to
customers
|
(6,069,985)
|
(7,171,670)
|
Amounts due to
banks and other financial institutions
|
(844,207)
|
(551,890)
|
Subordinated
loan
|
(369,566)
|
(341,874)
|
Other interest
expense
|
(3,447)
|
–
|
|
(7,287,205)
|
(8,065,434)
|
|
|
|
Lease liabilities
(Note 3)
|
(34,593)
|
–
|
Interest
expense
|
(7,321,798)
|
(8,065,434)
|
Net
interest income
|
6,480,274
|
5,022,232
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Notes
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
5
|
2,941
|
–
|
–
|
–
|
2,941
|
Amounts
due from other banks and other financial institutions
|
6
|
(933)
|
–
|
–
|
–
|
(933)
|
Loans
to customers at amortised cost
|
7
|
77,672
|
(156,648)
|
(1,522,050)
|
150
|
(1,600,876)
|
Debt
securities at amortised cost
|
8
|
(8,545)
|
–
|
–
|
–
|
(8,545)
|
Debt
securities at FVOCI
|
8
|
179
|
–
|
–
|
–
|
179
|
Other
financial assets
|
11
|
–
|
–
|
(22,026)
|
–
|
(22,026)
|
Credit
loss expense
|
|
71,314
|
(156,648)
|
(1,544,076)
|
150
|
(1,629,260)
|
|
Notes
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
5
|
(3,855)
|
–
|
–
|
–
|
(3,855)
|
Amounts
due from other banks and other financial institutions
|
6
|
(9)
|
–
|
–
|
–
|
(9)
|
Loans
to customers at amortised cost
|
7
|
(152,858)
|
74,691
|
(4,170,101)
|
(403)
|
(4,248,671)
|
Debt
securities at amortised cost
|
|
239
|
–
|
–
|
–
|
239
|
Debt
securities at FVOCI
|
8
|
744
|
–
|
–
|
–
|
744
|
Other
financial assets
|
11
|
(11,467)
|
–
|
–
|
–
|
(11,467)
|
Credit
loss expense
|
|
(167,206)
|
74,691
|
(4,170,101)
|
(403)
|
(4,263,019)
|
|
2019
|
2018
|
|
|
|
Payment
cards
|
789,708
|
203,309
|
Cash
transactions
|
783,876
|
790,892
|
Settlement
transactions
|
409,186
|
372,986
|
Guarantees
issued
|
296,474
|
180,289
|
Opening and
maintenance of customer accounts
|
87,322
|
88,697
|
Foreign currency
transactions
|
65,706
|
55,092
|
Other
|
65,123
|
76,063
|
Fee
and commission income
|
2,497,395
|
1,767,328
|
|
|
|
Transactions on
customers card accounts
|
(974,970)
|
(305,826)
|
Settlement
transactions
|
(78,630)
|
(67,313)
|
Transactions with
securities
|
(4,330)
|
(97)
|
Foreign currency
transactions
|
–
|
(1,361)
|
Other
|
(35,597)
|
(32,924)
|
Fee
and commission expense
|
(1,093,527)
|
(407,521)
|
Net
fee and commission income
|
1,403,868
|
1,359,807
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
2019
|
2018
|
|
|
|
Salaries and
bonuses
|
2,291,966
|
2,240,613
|
Social security
contributions
|
185,124
|
189,692
|
Personnel
expenses
|
2,477,090
|
2,430,305
|
|
|
|
Depreciation and
amortisation (Notes 9,
10)
|
397,135
|
296,439
|
Technical support
and software
|
227,214
|
208,559
|
Taxes other than
corporate income tax
|
214,304
|
207,061
|
Membership
fees
|
152,472
|
146,613
|
Expenses for
professional services
|
130,847
|
99,944
|
Security
|
98,638
|
100,943
|
Advertising and
marketing services
|
98,032
|
102,695
|
Communication and
information services
|
69,155
|
67,236
|
Repair and
maintenance
|
69,131
|
42,418
|
Rent
expenses
|
62,632
|
169,918
|
Utilities
|
51,488
|
58,599
|
Impairment of
inventory
|
38,575
|
–
|
Plastic cards
issuance expenses
|
28,177
|
23,098
|
Business trip
expenses
|
27,577
|
20,962
|
Office
supplies
|
15,540
|
13,558
|
Transport
|
4,654
|
4,347
|
Charity
|
3,575
|
300
|
Entertainment
|
2,883
|
3,455
|
Fines and
penalties
|
1,389
|
488
|
Loss on disposal of
property and equipment
|
–
|
1,753
|
Other
|
169,911
|
128,119
|
Administrative
and other operating expenses
|
1,863,329
|
1,696,505
|
|
2019
|
2018
|
|
|
|
Net profit for the
year attributable to the shareholder of the Group
|
2,002,796
|
1,419,686
|
Weighted average
number of ordinary shares for basic and diluted earnings per share
computation
|
9,356,140
|
9,356,140
|
Basic and diluted
earnings per share (in tenge)
|
214.06
|
151.74
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December
2019
|
31 December
2018
|
Credit
related commitments
|
|
|
Guarantees
issued
|
6,084,259
|
5,284,063
|
Undrawn credit
lines
|
2,705,380
|
5,009,781
|
|
8,789,639
|
10,293,844
|
Operating
lease commitments
|
|
|
Not later than 1
year
|
–
|
16,901
|
From 1 to 5
years
|
–
|
3,023
|
|
–
|
19,924
|
|
|
|
Capital expenditure
commitments
|
16,711
|
32,867
|
Commitments
and contingencies before deducting collateral
|
8,806,350
|
10,346,635
|
|
|
|
Less amounts due to
customers held as security against guarantees (Note 14)
|
(1,612,747)
|
(1,006,513)
|
Commitments
and contingencies
|
7,193,603
|
9,340,122
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
PD
|
The
Probability of Default (PD) is an estimate of the likelihood of
default over a given time horizon. A default may only happen at a
certain time over the assessed period, if the facility has not been
previously derecognised and is still in the portfolio.
|
EAD
|
The
Exposure at Default (EAD) is an estimate of the exposure at a
future default date, taking into account expected changes in the
exposure after the reporting date, including repayments of
principal and interest, whether scheduled by contract or otherwise,
expected drawdowns on committed facilities, and accrued interest
from missed payments.
|
LGD
|
The
Loss Given Default (LGD) is an estimate of the loss arising in the
case where a default occurs at a given time. It is based on the
difference between the contractual cash flows due and those that
the lender would expect to receive, including from the realisation
of any collateral. It is usually expressed as a percentage of the
EAD.
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Stage
1:
|
When
loans are first recognised, the Group recognises an allowance based
on 12mECL.
|
Stage
2:
|
When
a loan has shown a significant increase in credit risk since
origination, the Group records an allowance for the
LTECL.
|
Stage
3:
|
Loans
considered credit-impaired. The Group records an allowance for the
LTECL.
|
POCI:
|
Purchased
or originated credit impaired (POCI) assets are financial assets
that are credit impaired on initial recognition. POCI assets are
recorded at fair value at original recognition and interest revenue
is subsequently recognised based on a credit-adjusted EIR. ECL are
only recognised or released to the extent that there is a
subsequent change in the lifetime expected credit
losses.
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Rating
|
Rating requirements / criteria
|
|
|
A
|
Not overdue by more
than 15 days;
The borrower (Group
of related persons) is not registered in the offshore
zone.
|
B
|
Overdue from 15 to
30 days;
The borrower (Group
of related persons) is not registered in the offshore
zone.
|
C
|
Overdue by more
than 30 days with any type of collateral;
The collateral is
farther than 80 km from the regional center or city of national
significance.
|
D
|
Overdue from 60 to
90 days with any type of collateral.
|
E
|
Overdue by more
than 90 days with any type of collateral;
Borrower
defaulted;
The borrower (Group
of related persons) is registered in the offshore
zone.
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
Key drivers
|
2020
|
2021
|
2022
|
Subsequent years
|
|
|
|
|
|
Growth in the index
of the physical volume of gross domestic product using the
production method, %
|
104.0
|
104.2
|
104.1
|
104.5
|
Volume of
production of oil and gas condensate
|
89.0
|
90.0
|
90.0
|
99.0
|
Base rates of the
NBRK, %
|
9.3
|
9.3
|
9.3
|
9.3
|
Unemployment rate,
%
|
4.8
|
4.8
|
4.8
|
4.8
|
Inflation,
%
|
3.5
|
3.5
|
3.5
|
3.5
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Tenge
|
US Dollar
|
Russian
rouble
|
Euro
|
Chinese yuan
|
Total
|
Assets
|
|
|
|
|
|
|
Cash and cash
equivalents
|
12,681,954
|
19,754,007
|
226,777
|
773,805
|
11,979
|
33,448,522
|
Amounts due from
other banks and other financial institutions
|
374,145
|
402,063
|
–
|
–
|
–
|
776,208
|
Loans to
customers
|
66,965,480
|
1,158,731
|
–
|
116
|
–
|
68,124,327
|
Investment
securities
|
–
|
3,785,045
|
–
|
–
|
–
|
3,785,045
|
Other monetary
assets
|
501,901
|
163
|
–
|
–
|
–
|
502,064
|
Total
assets
|
80,523,480
|
25,100,009
|
226,777
|
773,921
|
11,979
|
106,636,166
|
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
9,111,519
|
–
|
–
|
–
|
–
|
9,111,519
|
Amounts due to
customers
|
54,991,226
|
29,957,929
|
66,835
|
786,266
|
42
|
85,802,298
|
Subordinated
loan
|
2,938,891
|
364,364
|
–
|
–
|
–
|
3,303,255
|
Other monetary
liabilities
|
125,766
|
139
|
4,005
|
77
|
–
|
129,987
|
Total
liabilities
|
67,167,402
|
30,322,432
|
70,840
|
786,343
|
42
|
98,347,059
|
|
|
|
|
|
|
|
Position on
transactions in foreign currencies
|
–
|
5,738,850
|
–
|
–
|
–
|
5,738,850
|
Net
position
|
13,356,078
|
516,427
|
155,937
|
(12,422)
|
11,937
|
14,027,957
|
|
Tenge
|
US Dollar
|
Russian
rouble
|
Euro
|
Chinese yuan
|
Total
|
Assets
|
|
|
|
|
|
|
Cash and cash
equivalents
|
9,161,613
|
33,655,721
|
172,955
|
336,713
|
17205
|
43,344,207
|
Amounts due from
other banks and other financial institutions
|
200,000
|
354,244
|
–
|
–
|
–
|
554,244
|
Loans to
customers
|
72,976,570
|
1,627,868
|
–
|
–
|
–
|
74,604,438
|
Investment
securities
|
1,655,460
|
–
|
–
|
–
|
–
|
1,655,460
|
Other monetary
assets
|
281,570
|
1,060
|
–
|
–
|
–
|
282,630
|
Total
assets
|
84,275,213
|
35,638,893
|
172,955
|
336,713
|
17,205
|
120,440,979
|
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
10,909,578
|
–
|
–
|
–
|
–
|
10,909,578
|
Amounts due to
customers
|
65,357,327
|
34,797,003
|
49,150
|
328,704
|
–
|
100,532,184
|
Subordinated
loan
|
2,891,700
|
352,490
|
–
|
–
|
–
|
3,244,190
|
Other monetary
liabilities
|
129,840
|
74
|
–
|
73
|
–
|
129,987
|
Total
liabilities
|
79,288,445
|
35,149,567
|
49,150
|
328,777
|
–
|
114,815,939
|
Net
position
|
4,986,768
|
489,326
|
123,805
|
7,936
|
17,205
|
5,625,040
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
2019
|
2018
|
||
Currency
|
Increase in currency rate in %
|
Effect on profit before tax
|
Increase in currency rate in %
|
Effect on profit before tax
|
|
|
|
|
|
USD
|
12.00%
|
61,971
|
14.00%
|
68,506
|
EUR
|
12.00%
|
(1,491)
|
14.00%
|
1,111
|
RUR
|
12.00%
|
18,712
|
14.00%
|
17,333
|
|
2019
|
2018
|
||
Currency
|
Decrease in currency rate in %
|
Effect on profit before tax
|
Decrease in currency rate in %
|
Effect on profit before tax
|
|
|
|
|
|
USD
|
(9.00%)
|
(46,478)
|
(10.00%)
|
(48,933)
|
EUR
|
(9.00%)
|
1,118
|
(10.00%)
|
(794)
|
RUR
|
(12.00%)
|
(18,712)
|
(9.00%)
|
(11,142)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
|||||
Financial liabilities
|
On
demand
|
Less than 3 months
|
3 months
to 12 months
|
1 to 5 years
|
Over 5 years
|
Total
|
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
39,806
|
585,315
|
6,242,025
|
1,355,561
|
7,096,125
|
15,318,832
|
Amounts due to
customers
|
24,850,353
|
7,971,644
|
38,847,179
|
21,400,322
|
–
|
93,069,498
|
Subordinated
debt
|
5,739
|
58,998
|
180,045
|
925,730
|
6,053,146
|
7,223,658
|
Other financial
liabilities
|
17,002
|
357
|
112,363
|
265
|
–
|
129,987
|
Total
undiscounted financial liabilities
|
24,912,900
|
8,616,314
|
45,381,607
|
23,681,883
|
13,149,271
|
115,741,975
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2018
|
|||||
Financial liabilities
|
On demand
|
Less than 3 months
|
3 months
to 12 months
|
1 to 5 years
|
Over 5 years
|
Total
|
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
–
|
609,898
|
2,304,041
|
8,176,240
|
4,679,841
|
15,770,020
|
Amounts due to
customers
|
18,386,247
|
26,425,151
|
40,564,384
|
20,425,242
|
1,771,404
|
107,572,428
|
Subordinated
debt
|
–
|
39,547
|
189,561
|
1,099,853
|
6,190,337
|
7,519,298
|
Other financial
liabilities
|
4,869
|
119,325
|
–
|
–
|
–
|
124,194
|
Total
undiscounted financial liabilities
|
18,391,116
|
27,193,921
|
43,057,986
|
29,701,335
|
12,641,582
|
130,985,940
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
|
|
Fair value measurement using
|
|||
31 December 2019
|
|
Date of valuation
|
Quoted prices in active markets
(Level 1)
|
Significant observable inputs
(Level 2)
|
Significant unobservable inputs
(Level 3)
|
Total
|
|
|
|
|
|
|
|
Assets
measured at fair value
|
|
|
|
|
|
|
Property and
equipment – land and buildings
|
|
12 October
2016
|
–
|
5,517,342
|
–
|
5,517,342
|
Financial
instruments at fair value through profit or loss
|
|
31
December 2019
|
9,626
|
–
|
–
|
9,626
|
|
|
|
|
|
|
|
Assets
for which fair values are disclosed
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
31
December 2019
|
33,448,522
|
–
|
–
|
33,448,522
|
Amounts due from
other banks and other financial institutions
|
|
31
December 2019
|
–
|
776,208
|
–
|
776,208
|
Loans to
customers
|
|
31
December 2019
|
–
|
–
|
76,825,946
|
76,825,946
|
Investment
securities measured at amortised cost
|
|
31
December 2019
|
3,837,476
|
–
|
–
|
3,837,476
|
Other financial
assets
|
|
31
December 2019
|
–
|
–
|
476,449
|
476,449
|
|
|
|
|
|
|
|
Liabilities
for which fair values are disclosed
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
|
31
December 2019
|
–
|
9,028,965
|
–
|
9,028,965
|
Amounts due to
customers
|
|
31
December 2019
|
–
|
86,220,104
|
–
|
86,220,104
|
Subordinated
debt
|
|
31
December 2019
|
–
|
3,660,095
|
–
|
3,660,095
|
Lease
liabilities
|
|
31
December 2019
|
–
|
226,456
|
–
|
226,456
|
Other financial
liabilities
|
|
31
December 2019
|
–
|
–
|
129,987
|
129,987
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
|
|
Fair value measurement using
|
|||
31 December 2018
|
|
Date of valuation
|
Quoted prices in active markets (Level 1)
|
Significant observable inputs (Level 2)
|
Significant unobservable inputs
(Level 3)
|
Total
|
|
|
|
|
|
|
|
Assets
measured at fair value
|
|
|
|
|
|
|
Property and
equipment – land and buildings
|
|
12 October
2016
|
–
|
5,603,136
|
–
|
5,603,136
|
Debt securities
measured at FVOCI
|
|
31
December 2018
|
1,655,460
|
–
|
–
|
1,655,460
|
|
|
|
|
|
|
|
Assets
for which fair values are disclosed
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
31
December 2018
|
–
|
43,344,207
|
–
|
43,344,207
|
Amounts due from
other banks and other financial institutions
|
|
31
December 2018
|
–
|
554,244
|
–
|
554,244
|
Loans to
customers
|
|
31
December 2018
|
–
|
–
|
83,702,981
|
83,702,981
|
Other financial
assets
|
|
31
December 2018
|
–
|
–
|
282,019
|
282,019
|
|
|
|
|
|
|
|
Liabilities
for which fair values are disclosed
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
|
31
December 2018
|
–
|
10,909,578
|
–
|
10,909,578
|
Amounts due to
customers
|
|
31
December 2018
|
–
|
103,186,128
|
–
|
103,186,128
|
Subordinated
debt
|
|
31
December 2018
|
–
|
3,244,190
|
–
|
3,244,190
|
Lease
liabilities
|
|
31
December 2018
|
–
|
–
|
–
|
–
|
Other financial
liabilities
|
|
31
December 2018
|
–
|
–
|
124,194
|
124,194
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
31 December 2018
|
||||
|
Carrying amount
|
Fair value
|
Unrecog-nisedgain/(loss)
|
Carrying amount
|
Fair value
|
Unrecog-nisedgain/(loss)
|
Financial
assets
|
|
|
|
|
|
|
Cash and cash
equivalents
|
33,448,522
|
33,448,522
|
–
|
43,344,207
|
43,344,207
|
–
|
Amounts due from
other banks and other financial institutions
|
776,208
|
776,208
|
–
|
554,244
|
554,244
|
–
|
Loans to
customers
|
68,124,327
|
76,825,946
|
8,701,619
|
74,604,438
|
83,702,981
|
9,098,543
|
Investment
securities measured at amortised cost
|
3,785,045
|
3,837,476
|
52,431
|
–
|
–
|
–
|
Other financial
assets
|
502,064
|
476,449
|
(25,615)
|
282,630
|
282,019
|
(611)
|
|
|
|
|
|
|
|
Financial
liabilities
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
9,111,519
|
9,028,965
|
82,554
|
10,909,578
|
10,909,578
|
–
|
Amounts due to
customers
|
85,802,298
|
86,220,104
|
(417,806)
|
100,532,184
|
103,186,128
|
(2,653,944)
|
Subordinated
debt
|
3,303,255
|
3,660,095
|
(356,840)
|
3,244,190
|
3,244,190
|
–
|
Lease
liabilities
|
226,456
|
226,456
|
–
|
–
|
–
|
–
|
Other financial
liabilities
|
129,987
|
129,987
|
–
|
124,194
|
124,194
|
–
|
Total
unrecognised change in unrealised fair value
|
|
|
8,036,343
|
|
|
6,443,988
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
31 December 2018
|
||||
|
Less than 12 months
|
Over 12 months
|
Total
|
Less than 12 months
|
Over 12 months
|
Total
|
Assets
|
|
|
|
|
|
|
Cash and cash
equivalents
|
33,448,522
|
–
|
33,448,522
|
43,344,207
|
–
|
43,344,207
|
Amounts due from
other banks and other financial institutions
|
776,208
|
–
|
776,208
|
554,244
|
–
|
554,244
|
Loans to
customers
|
10,983,406
|
57,140,921
|
68,124,327
|
8,769,420
|
65,835,018
|
74,604,438
|
Investment
securities measured at fair value through other comprehensive
income
|
–
|
–
|
–
|
1,655,460
|
–
|
1,655,460
|
Investment
securities measured at amortised cost
|
29,364
|
3,755,681
|
3,785,045
|
–
|
–
|
–
|
Property and
equipment
|
–
|
6,457,813
|
6,457,813
|
–
|
6,367,860
|
6,367,860
|
Intangible
assets
|
–
|
1,156,968
|
1,156,968
|
–
|
1,121,630
|
1,121,630
|
Current corporate
income tax assets
|
–
|
–
|
–
|
133,801
|
–
|
133,801
|
Other
assets
|
2,645,483
|
316,858
|
2,962,341
|
2,653,440
|
–
|
2,653,440
|
Total
assets
|
47,882,983
|
68,828,241
|
116,711,224
|
57,110,572
|
73,324,508
|
130,435,080
|
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
|
Financial
instruments at fair value through profit or loss
|
9,626
|
–
|
9,626
|
–
|
–
|
–
|
Amounts due to
banks and other financial institutions
|
6,254,414
|
2,857,105
|
9,111,519
|
1,171,610
|
9,737,968
|
10,909,578
|
Amounts due to
customers
|
70,620,056
|
15,182,242
|
85,802,298
|
81,228,350
|
19,303,834
|
100,532,184
|
Subordinated
debt
|
88,360
|
3,214,895
|
3,303,255
|
72,943
|
3,171,247
|
3,244,190
|
Current corporate
income tax liabilities
|
209,187
|
–
|
209,187
|
–
|
–
|
–
|
Deferred corporate
income tax liabilities
|
–
|
1,277,045
|
1,277,045
|
–
|
1,121,248
|
1,121,248
|
Lease
liabilities
|
96,492
|
129,964
|
226,456
|
–
|
–
|
–
|
Other
liabilities
|
614,052
|
–
|
614,052
|
475,272
|
–
|
475,272
|
Total
liabilities
|
77,892,187
|
22,661,251
|
100,553,438
|
82,948,175
|
33,334,297
|
116,282,472
|
Net
position
|
(30,009,204)
|
46,166,990
|
16,157,786
|
(25,837,603)
|
39,990,211
|
14,152,608
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
||
|
Parent
|
Key management
personnel
|
Other related
parties
|
Assets
|
|
|
|
Cash and cash
equivalents
|
849,567
|
–
|
–
|
Loans
to customers before ECL allowance
|
–
|
5,180
|
57,733
|
|
|
|
|
ECL
allowance
|
–
|
(105)
|
(71)
|
Loans
to customers
|
–
|
5,075
|
57,662
|
|
|
|
|
Liabilities
|
|
|
|
Amounts due to
customers
|
–
|
223,497
|
1,983,912
|
Subordinated
debt
|
–
|
–
|
1,040,000
|
|
31 December 2018
|
||
|
Parent
|
Key management
personnel
|
Other related
parties
|
Assets
|
|
|
|
Amounts due from
other banks and other financial institutions
|
–
|
–
|
684,780
|
Loans
to customers before ECL allowance
|
–
|
13,362
|
62,999
|
|
|
|
|
ECL
allowance
|
–
|
–
|
(13)
|
Loans
to customers
|
–
|
13,362
|
62,986
|
|
|
|
|
Liabilities
|
|
|
|
Amounts due to
customers
|
576,002
|
281,379
|
4,284,927
|
Subordinated
debt
|
–
|
–
|
1,040,000
|
|
31 December 2019
|
31 December 2018
|
||||
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Interest income on
loans to customers
|
–
|
721
|
9,100
|
–
|
461
|
10,008
|
Credit loss
expense
|
–
|
(105)
|
(71)
|
–
|
–
|
(13)
|
Interest expenses
on amounts due to other banks and other financial
institutions
|
(47,597)
|
–
|
–
|
–
|
–
|
–
|
Interest expense on
amounts due to customers
|
–
|
(4,184)
|
(95,867)
|
–
|
(4,072)
|
(188,083)
|
Interest expense on
subordinated debt
|
–
|
–
|
(80,000)
|
–
|
–
|
(80,000)
|
Net fee and
commission (expense)/income
|
(49,925)
|
724
|
12,735
|
483
|
109
|
(27,740)
|
Net gains from
foreign currencies
|
–
|
256
|
114,480
|
2,597
|
154
|
20,011
|
Other operating
income/ (expenses)
|
880
|
–
|
(5,195)
|
6,903
|
–
|
(7,576)
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December 2019
|
31 December 2018
|
||||
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Loans
to customers
|
|
|
|
|
|
|
Maturity
|
–
|
2022
|
2020-2028
|
–
|
–
|
2020-2028
|
Annual interest
rate in tenge
|
–
|
13.80%
|
13.90%
|
–
|
–
|
14.32%
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
|
|
|
|
|
|
Maturity
|
–
|
–
|
–
|
–
|
–
|
–
|
Annual interest
rate in tenge
|
0.00%
|
–
|
–
|
0.00%
|
–
|
–
|
|
|
|
|
|
|
|
Amounts
due to customers
|
|
|
|
|
|
|
Maturity
|
–
|
2020-2022
|
2020-2021
|
2019
|
2019-2020
|
2019-2020
|
Annual interest
rate in tenge
|
–
|
7.10%
|
6.0%
|
–
|
7.94%
|
6.43%
|
Annual interest
rate in USD/EUR
|
–
|
1.80%
|
0.4%
|
0.01%
|
1.68%
|
0.93%
|
|
|
|
|
|
|
|
Subordinated
debt
|
|
|
|
|
|
|
Maturity
|
–
|
–
|
2033
|
–
|
–
|
2033
|
Annual interest
rate in tenge
|
–
|
–
|
8.00%
|
–
|
–
|
8.00%
|
|
2019
|
2018
|
|
|
|
Salaries and other
short-term benefits
|
529,153
|
337,884
|
Social security
contributions
|
21,166
|
30,958
|
Total
|
550,319
|
368,842
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
Subordinated debt
|
Total liabilities arising from financing activities
|
|
|
|
Carrying amount as at 31 December 2017
|
4,241,452
|
4,241,452
|
Foreign
exchange adjustments
|
104,237
|
104,237
|
Income from
recognition of subordinated loan at fair value
|
(1,121,665)
|
(1,121,665)
|
Other
|
20,166
|
20,166
|
Carrying amount as at 31 December 2018
|
3,244,190
|
3,244,190
|
|
|
|
Foreign
exchange adjustments
|
(1,518)
|
(1,518)
|
Other
|
60,583
|
60,583
|
Carrying amount at 31 December 2019
|
3,303,255
|
3,303,255
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|
|
31 December
2019
|
31 December
2018
|
|
|
|
Tier 1
capital
|
15,201,485
|
13,499,091
|
Tier 2
capital
|
2,214,895
|
3,292,912
|
Deduction of the
positive difference with regulatory reserves
|
–
|
(87,254)
|
Total
statutory capital
|
17,416,380
|
16,704,749
|
Risk-weighted
statutory assets, contingent liabilities, operational and market
risk
|
88,565,360
|
94,394,374
|
|
|
|
Capital adequacy
ratio k1-1 (at least 5.5%)
|
16.9%
|
13.8%
|
Capital adequacy
ratio k1-2 (at least 6.5%)
|
17.2%
|
14.3%
|
Capital adequacy
ratio k2 (at least 8.0%)
|
19.7%
|
17.7%
|
“Bank Freedom Finance Kazakhstan”
JSC
|
Notes to the 2019 and 2018 consolidated financial
statements
|