“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
Interim condensed consolidated statement of financial
position
|
1
|
Interim condensed consolidated statement of comprehensive
income
|
2-3
|
Interim condensed consolidated statement of changes in
equity
|
4
|
Interim condensed consolidated statement of cash flows
|
5
|
2
|
Basis of preparation
|
6
|
3
|
Significant accounting judgments and estimates
|
8
|
4
|
Cash and cash equivalents
|
10
|
5
|
Amounts due from banks and other financial
institutions
|
11
|
6
|
Loans to customers
|
11
|
7
|
Investment securities
|
32
|
8
|
Other assets
|
33
|
9
|
Taxation
|
34
|
10
|
Amounts due to banks and other financial institutions
|
34
|
11
|
Amounts due to customers
|
35
|
12
|
Subordinated debt
|
36
|
13
|
Other liabilities
|
36
|
14
|
Equity
|
36
|
15
|
Interest income and interest expense
|
37
|
16
|
Credit loss expense
|
38
|
17
|
Net fee and commission income
|
39
|
18
|
Personnel and administrative and other operating
expenses
|
39
|
19
|
Earnings per share
|
40
|
20
|
Commitments and contingencies
|
40
|
21
|
Fair value measurement
|
41
|
22
|
Related party disclosures
|
45
|
23
|
Events after the end of the interim period
|
47
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
Notes
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
Assets
|
|
|
|
Cash and cash
equivalents
|
4
|
36,989,406
|
33,448,522
|
Amounts due from
banks and other financial institutions
|
5
|
839,452
|
776,208
|
Loans to
customers
|
6
|
62,506,360
|
68,124,327
|
Investment
securities
|
7
|
5,627,863
|
3,785,045
|
Property and
equipment
|
|
6,360,170
|
6,457,813
|
Intangible
assets
|
|
1,188,279
|
1,156,968
|
Other
assets
|
8
|
3,661,145
|
2,962,341
|
Total
assets
|
|
117,172,675
|
116,711,224
|
|
|
|
|
Liabilities
|
|
|
|
Financial
instruments at fair value through profit or loss
|
|
593
|
9,626
|
Amounts due to
banks and other financial institutions
|
10
|
7,286,123
|
9,111,519
|
Amounts due to
customers
|
11
|
87,367,206
|
85,802,298
|
Current corporate
income tax liabilities
|
9
|
11,121
|
209,187
|
Deferred corporate
income tax liabilities
|
9
|
1,361,420
|
1,277,045
|
Lease
liabilities
|
|
173,014
|
226,456
|
Subordinated
debt
|
12
|
3,348,142
|
3,303,255
|
Other
liabilities
|
13
|
386,130
|
614,052
|
Total
liabilities
|
|
99,933,749
|
100,553,438
|
|
|
|
|
Equity
|
|
|
|
Share
capital
|
14
|
9,356,140
|
9,356,140
|
Revaluation reserve
for property and equipment
|
14
|
755,767
|
761,249
|
Fair value
reserve
|
|
(1,208)
|
–
|
Retained
earnings
|
|
7,128,227
|
6,040,397
|
Total
equity
|
|
17,238,926
|
16,157,786
|
Total
equity and liabilities
|
|
117,172,675
|
116,711,224
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
|
For the three-month period ended 30 June
|
For the six-month period ended 30 June
|
||
|
Notes
|
2020
(unaudited)
|
2019*
(unaudited)
|
2020
(unaudited)
|
2019*
(unaudited)
|
Interest income
calculated using effective interest rate
|
15
|
2,771,268
|
3,466,905
|
5,899,439
|
7,000,112
|
Interest
expense
|
15
|
(1,338,525)
|
(1,912,603)
|
(2,900,765)
|
(3,942,140)
|
Net
interest income
|
|
1,432,743
|
1,554,302
|
2,998,674
|
3,057,972
|
|
|
|
|
|
|
Credit loss
expense
|
16
|
(449,624)
|
(398,254)
|
(541,096)
|
(707,993)
|
Net
interest income after credit loss expense
|
|
983,119
|
1,156,048
|
2,457,578
|
2,349,979
|
|
|
|
|
|
|
Net fee and
commission income
|
17
|
206,961
|
401,703
|
405,086
|
734,362
|
Net gains from
financial instruments at fair value through profit or
loss
|
|
(294,154)
|
24,435
|
(48,881)
|
31,784
|
Net gains/(losses)
from foreign currencies
|
|
|
|
|
|
-
dealing
|
|
294,241
|
241,784
|
592,338
|
408,309
|
- translation
differences
|
|
145,647
|
(33,439)
|
(87,793)
|
(36,400)
|
Gain from
government grant
|
|
–
|
48,598
|
–
|
62,582
|
Other
income
|
|
7,641
|
28,019
|
21,299
|
63,973
|
Non-interest
income
|
|
360,336
|
711,100
|
882,049
|
1,264,610
|
|
|
|
|
|
|
Loss on
derecognition of financial assets measured at amortised
cost
|
|
–
|
(4,712)
|
–
|
(26,714)
|
Personnel
expenses
|
18
|
(456,531)
|
(603,798)
|
(1,041,337)
|
(1,205,580)
|
Administrative and
other operating expenses
|
18
|
(420,399)
|
(450,801)
|
(881,877)
|
(912,592)
|
Other
expense
|
|
(30,256)
|
–
|
(42,886)
|
(60,535)
|
Non-interest
expense
|
|
(907,186)
|
(1,059,311)
|
(1,966,100)
|
(2,205,421)
|
Profit
before corporate income tax expense
|
|
436,269
|
807,837
|
1,373,527
|
1,409,168
|
|
|
|
|
|
|
Corporate income
tax expense
|
9
|
(107,228)
|
(107,076)
|
(291,179)
|
(292,803)
|
Profit
for the period
|
|
329,041
|
700,761
|
1,082,348
|
1,116,365
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
|
For the three-month period ended 30 June
|
For the six-month period ended 30 June
|
||
|
Notes
|
2020
(unaudited)
|
2019
(unaudited)
|
2020
(unaudited)
|
2019
(unaudited)
|
Other
comprehensive income
|
|
|
|
|
|
Other comprehensive (loss)/income that may be reclassified to
profit or loss in subsequent periods
|
|
|
|
|
|
Net change in fair
value of debt instruments at fair value through other comprehensive
income
|
(587)
|
543
|
(1,778)
|
1,850
|
|
Changes in
allowance for expected credit losses of debt instruments at fair
value through other comprehensive income
|
(1,200)
|
–
|
570
|
(179)
|
|
Other
comprehensive (loss)/ income, net of corporate income
tax
|
|
(1,787)
|
543
|
(1,208)
|
1,671
|
Total
comprehensive income for the period
|
|
327,254
|
701,304
|
1,081,140
|
1,118,036
|
|
|
|
|
|
|
Basic
and diluted earnings per share (in tenge)
|
19
|
35.17
|
74.90
|
115.68
|
119.32
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
Notes
|
Share capital
|
Revaluation reserve for property and equipment
|
Fair value reserve
|
Retained earnings
|
Total equity
|
|
|
|
|
|
|
|
As
at 31 December 2018
|
|
9,356,140
|
772,815
|
(2,382)
|
4,026,035
|
14,152,608
|
|
|
|
|
|
|
|
Profit for the
period (unaudited)
|
|
–
|
–
|
–
|
1,116,365
|
1,116,365
|
Other comprehensive
income for the period (unaudited)
|
–
|
–
|
1,671
|
–
|
1,671
|
|
Total
comprehensive income for the period (unaudited)
|
–
|
–
|
1,671
|
1,116,365
|
1,118,036
|
|
|
|
|
|
|
|
|
Amortisation of
revaluation reserve for property and equipment
(unaudited)
|
–
|
(6,083)
|
–
|
6,083
|
–
|
|
At
30 June 2019 (unaudited)
|
9,356,140
|
766,732
|
(711)
|
5,148,483
|
15,270,644
|
|
|
|
|
|
|
|
|
At
1 January 2019
|
|
9,356,140
|
761,249
|
–
|
6,040,397
|
16,157,786
|
|
|
|
|
|
|
|
Profit for the
period (unaudited)
|
|
–
|
–
|
–
|
1,082,348
|
1,082,348
|
Other comprehensive
loss for the period (unaudited)
|
|
–
|
–
|
(1,208)
|
–
|
(1,208)
|
Total
comprehensive income for the period (unaudited)
|
|
–
|
–
|
(1,208)
|
1,082,348
|
1,081,140
|
|
|
|
|
|
|
|
Amortisation of
revaluation reserve for property and equipment
(unaudited)
|
|
–
|
(5,482)
|
–
|
5,482
|
–
|
At
30 June 2020 (unaudited)
|
|
9,356,140
|
755,767
|
(1,208)
|
7,128,227
|
17,238,926
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
|
For the six-month period ended 30 June
|
|
|
Notes
|
2020 (unaudited)
|
2019 (unaudited)
|
Cash
flows from operating activities
|
|
|
|
Interest
received
|
|
4,395,314
|
6,536,376
|
Interest
paid
|
|
(2,905,335)
|
(3,923,851)
|
Fees and
commissions received
|
|
919,990
|
1,001,018
|
Fees and
commissions paid
|
|
(482,409)
|
(266,809)
|
Net realised
(losses)/gains on transactions with financial instruments at fair
value through profit or loss
|
|
(57,914)
|
31,784
|
Net realised gains
from dealing in foreign currencies
|
|
592,338
|
408,309
|
Other income
received
|
|
21,299
|
63,973
|
Personnel expenses
paid
|
|
(1,393,710)
|
(1,228,847)
|
Administrative and
other operating expenses paid
|
|
(606,832)
|
(610,742)
|
Cash
flows from operating activities before changes in operating assets
and liabilities
|
482,741
|
2,011,211
|
|
|
|
|
|
Net changes in operating assets and liabilities
|
|
|
|
Amounts due from
banks and other financial institutions
|
(41,527)
|
(200,389)
|
|
Loans to
customers
|
5,672,083
|
291,929
|
|
Other
assets
|
151,548
|
91,308
|
|
Amounts due to
banks and other financial institutions
|
(1,844,086)
|
(692,426)
|
|
Amounts due to
customers
|
344,278
|
2,306,458
|
|
Other
liabilities
|
|
(6,193)
|
58,922
|
Net
cash from operating activities before corporate income
tax
|
|
4,758,844
|
3,867,013
|
|
|
|
|
Corporate income
tax paid
|
|
(404,870)
|
–
|
Net
cash flows from operating activities
|
|
4,353,974
|
3,867,013
|
|
|
|
|
Cash
flows from investing activities
|
|
|
|
Purchase of
property and equipment
|
|
(52,577)
|
(74,010)
|
Purchase of
intangible assets
|
|
(22,950)
|
(54,630)
|
Purchase of
investment securities at fair value through other comprehensive
income
|
|
(1,599,635)
|
839,533
|
Net
cash flows (used in) / from investing activities
|
|
(1,675,162)
|
710,893
|
|
|
|
|
Cash
flows from financing activities
|
|
|
|
Lease
payments
|
|
(47,507)
|
(42,238)
|
Net
cash used in financing activities
|
|
(47,507)
|
(42,238)
|
|
|
|
|
Effect of exchange
rate changes on cash and cash equivalents
|
|
916,096
|
(492,662)
|
Effect of expected
credit losses on cash and cash equivalents
|
|
(6,517)
|
3,702
|
Net
increase in cash and cash equivalents
|
|
3,540,884
|
4,046,708
|
|
|
|
|
Cash and cash
equivalents at the beginning of the reporting period
|
|
33,448,522
|
43,344,207
|
Cash
and cash equivalents at the end of the reporting
period
|
|
36,989,406
|
47,390,915
|
|
|
|
|
Non-cash
transactions
|
|
|
|
Repayment of loans
to customers by repossession of collateral
|
8
|
835,553
|
39,067
|
“Bank
Kassa Nova” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
Interim condensed statement of comprehensive income for the
six-month period ended 30 June 2019
|
As previously reported
|
Reclassification
|
As adjusted
|
|
|
|
|
Interest income
calculated using effective interest rate
|
7,048,044
|
(47,932)
|
7,000,112
|
Net
interest income
|
3,105,904
|
(47,932)
|
3,057,972
|
Net
interest income after credit loss expense
|
2,397,911
|
(47,932)
|
2,349,979
|
|
|
|
|
Loss from
modification of financial assets that does not result in
derecognition
|
(47,932)
|
47,932
|
–
|
Non-interest
expense
|
(2,253,353)
|
47,932
|
(2,205,421)
|
Interim condensed statement of comprehensive income for the
three-month period ended 30 June 2019
|
As previously reported
|
Reclassification
|
As adjusted
|
|
|
|
|
Interest income
calculated using effective interest rate
|
3,509,358
|
(42,453)
|
3,466,905
|
Net
interest income
|
1,596,755
|
(42,453)
|
1,554,302
|
Net
interest income after credit loss expense
|
1,198,501
|
(42,453)
|
1,156,048
|
|
|
|
|
Loss from
modification of financial assets that does not result in
derecognition
|
(42,453)
|
42,453
|
–
|
Non-interest
expense
|
(1,101,764)
|
42,453
|
(1,059,311)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
Key factors
|
2020
|
|
|
Price of Brent
crude oil (Brent ICE), USD
|
20.00
|
GDP index, % to the
previous year
|
99.4
|
Volume of
production of oil and gas condensate, million tons
|
90.00
|
Inflation rate,
%
|
10.40
|
USD/KZT exchange
rate
|
509.0
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
|
|
|
Cash on
hand
|
3,458,854
|
4,198,884
|
Cash on current
accounts with the NBRK rated at BBB-
|
29,921,405
|
17,477,932
|
|
|
|
Cash on current
bank accounts, other banks:
|
|
|
- Rated from A- to
A+
|
156,735
|
88,619
|
- Rated from BBB-
to BBB+
|
92,223
|
6
|
- Rated from
ВВ- to ВВ+
|
318,114
|
362,898
|
- Rated below
B+
|
869,611
|
912,521
|
- Not
rated
|
180,337
|
404,086
|
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
|
2,000,417
|
2,500,573
|
Time deposits with
other banks rated from BBB- to BBB+ with contractual maturity of 90
days or less
|
5,572
|
8,274
|
Cash
and cash equivalents before ECL allowance
|
37,003,268
|
33,455,787
|
|
|
|
ECL
allowance
|
(13,862)
|
(7,265)
|
Cash
and cash equivalents
|
36,989,406
|
33,448,522
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
Funds
provided as collateral
|
|
|
- Rated from AA- to
AA+
|
139,250
|
131,430
|
- Rated from A- to
A+
|
286,461
|
270,849
|
- Not
rated
|
415,000
|
375,000
|
Amounts
due from banks and other financial institutions before ECL
allowance
|
840,711
|
777,279
|
|
|
|
ECL
allowance
|
(1,259)
|
(1,071)
|
Amounts
due from banks and other financial institutions
|
839,452
|
776,208
|
|
30 June 2020
(unaudited)
|
||||
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
Individually
significant loans
|
|
|
|
|
|
Loans issued to
small and medium-sized businesses
|
10,831,344
|
1,661,430
|
4,389,963
|
18,322
|
16,901,059
|
Mortgages
|
–
|
–
|
54,032
|
–
|
54,032
|
Consumer
loans
|
–
|
–
|
66,823
|
–
|
66,823
|
Other loans secured
by collateral
|
813,606
|
238,337
|
1,437,699
|
80,718
|
2,570,360
|
Total
individually significant loans
|
11,644,950
|
1,899,767
|
5,948,517
|
99,040
|
19,592,274
|
|
|
|
|
|
|
Individually
insignificant loans
|
|
|
|
|
|
Loans issued to
small and medium-sized businesses
|
8,430,949
|
615,852
|
1,526,762
|
–
|
10,573,563
|
Mortgages
|
1,139,476
|
99,203
|
233,330
|
683,214
|
2,155,223
|
Consumer
loans
|
1,309,875
|
101,271
|
279,881
|
–
|
1,691,027
|
Car
loans
|
46,090
|
–
|
1,712
|
–
|
47,802
|
Credit
cards
|
274,360
|
6,996
|
48,193
|
–
|
329,549
|
Other loans secured
by collateral
|
24,215,326
|
1,970,292
|
5,097,911
|
654,415
|
31,937,944
|
Total
individually insignificant loans
|
35,416,076
|
2,793,614
|
7,187,789
|
1,337,629
|
46,735,108
|
Loans
to customers before ECL allowance
|
47,061,026
|
4,693,381
|
13,136,306
|
1,436,669
|
66,327,382
|
|
|
|
|
|
|
ECL
allowance
|
(249,113)
|
(71,891)
|
(3,497,220)
|
(2,798)
|
(3,821,022)
|
Loans
to customers
|
46,811,913
|
4,621,490
|
9,639,086
|
1,433,871
|
62,506,360
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
31 December 2019
(unaudited)
|
||||
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
Individually
significant loans
|
|
|
|
|
|
Loans issued to
small and medium-sized businesses
|
12,551,517
|
1,589,738
|
3,650,370
|
–
|
17,791,625
|
Mortgages
|
–
|
–
|
51,304
|
–
|
51,304
|
Consumer
loans
|
–
|
–
|
59,041
|
–
|
59,041
|
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
|
|
|
|
|
|
Loans issued to
small and medium-sized 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
|
|
30 June 2020
(unaudited)
|
|||
|
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-sized
businesses
|
|
|
|
|
- Not
overdue
|
8,661,028
|
(2,027)
|
8,659,001
|
0.0%
|
- Overdue for less
than 30 days
|
2,170,316
|
–
|
2,170,316
|
0.0%
|
Stage
1 loans
|
10,831,344
|
(2,027)
|
10,829,317
|
0.0%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
2,128,170
|
(92,948)
|
2,035,222
|
4.4%
|
- Overdue for less
than 30 days
|
1,267,429
|
–
|
1,267,429
|
0.0%
|
- Overdue for 30
days to 90 days
|
272,805
|
(104,217)
|
168,588
|
38.2%
|
- Overdue for 90
days to 180 days
|
–
|
–
|
–
|
0.0%
|
- Overdue for 180
days to 360 days
|
171,138
|
(9,426)
|
161,712
|
5.5%
|
- Overdue for more
than 360 days
|
2,211,851
|
(1,835,451)
|
376,400
|
83.0%
|
Stage
2 and Stage 3 loans
|
6,051,393
|
(2,042,042)
|
4,009,351
|
33.7%
|
|
|
|
|
|
POCI
|
18,322
|
–
|
18,322
|
0.0%
|
Total
individually significant loans issued to small and medium-sized
businesses
|
16,901,059
|
(2,044,069)
|
14,856,990
|
12.1%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020
(unaudited)
|
|||
|
Loans before 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 30
days to 90 days
|
–
|
–
|
–
|
–
|
- Overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- Overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- Overdue for more
than 360 days
|
54,032
|
–
|
54,032
|
0.0%
|
Stage
2 and Stage 3 loans
|
54,032
|
–
|
54,032
|
0.0%
|
Total
individually significant mortgage loans
|
54,032
|
–
|
54,032
|
0.0%
|
|
30 June 2020
(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loansless 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 30
days to 90 days
|
–
|
–
|
–
|
–
|
- Overdue for 90
days to 180 days
|
–
|
–
|
–
|
–
|
- Overdue for 180
days to 360 days
|
–
|
–
|
–
|
–
|
- Overdue for more
than 360 days
|
66,823
|
(66,823)
|
–
|
100.0%
|
Stage
2 and Stage 3 loans
|
66,823
|
(66,823)
|
–
|
100.0%
|
Total
individually significant consumer loans
|
66,823
|
(66,823)
|
–
|
100.0%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020
(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loansless ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
significant other loans secured by collateral
|
|
|
|
|
- Not
overdue
|
618,016
|
–
|
618,016
|
0.0%
|
- Overdue for less
than 30 days
|
195,590
|
–
|
195,590
|
0.0%
|
Stage
1 loans
|
813,606
|
–
|
813,606
|
0.0%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
404,466
|
(147)
|
404,319
|
0.0%
|
- Overdue for less
than 30 days
|
639,658
|
–
|
639,658
|
0.0%
|
- Overdue for 30
days to 90 days
|
–
|
–
|
–
|
0.0%
|
- Overdue for 90
days to 180 days
|
–
|
–
|
–
|
0.0%
|
- Overdue for 180
days to 360 days
|
116,093
|
(16,055)
|
100,038
|
13.8%
|
- Overdue for more
than 360 days
|
515,819
|
(122,147)
|
393,672
|
23.7%
|
Stage
2 and Stage 3 loans
|
1,676,036
|
(138,349)
|
1,537,687
|
8.3%
|
|
|
|
|
|
POCI
|
80,718
|
(267)
|
80,451
|
0.3%
|
Total
individually significant other loans secured by
collateral
|
2,570,360
|
(138,616)
|
2,431,744
|
5.4%
|
|
31 December 2019
(unaudited)
|
|||
|
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-sized
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 30
days to 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%
|
Total
individually significant loans issued to small and medium-sized
businesses
|
17,791,625
|
(1,838,478)
|
15,953,147
|
10.3%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
31 December 2019
(unaudited)
|
|||
|
Loans before 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 30
days to 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%
|
Total
individually significant mortgage loans
|
51,304
|
–
|
51,304
|
0.0%
|
|
31 December 2019
(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loansless 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 30
days to 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%
|
Total
individually significant consumer loans
|
59,041
|
(59,041)
|
–
|
100.0%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
31 December 2019
(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loansless 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 30
days to 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%
|
Individually significant loans issued to
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
small and medium-sized businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
(2,137)
|
(1)
|
(1,836,340)
|
–
|
(1,838,478)
|
New assets
originated or purchased
|
(4,426)
|
–
|
–
|
–
|
(4,426)
|
Assets derecognised
or repaid (excluding write-offs)
|
170
|
–
|
15,697
|
–
|
15,867
|
Transfers to Stage
1
|
(16,900)
|
16,900
|
–
|
–
|
–
|
Transfers to Stage
2
|
8
|
(201,148)
|
201,140
|
–
|
–
|
Transfers to Stage
3
|
–
|
196,976
|
(196,976)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
21,230
|
(12,920)
|
(94,282)
|
–
|
(85,972)
|
Transfers between
the levels as a result of changes in materiality of
loans
|
28
|
–
|
(8,900)
|
–
|
(8,872)
|
Unwinding of
discount
|
–
|
–
|
(134,605)
|
–
|
(134,605)
|
Amounts written
off
|
–
|
–
|
12,417
|
–
|
12,417
|
ECL
at 30 June 2020
|
(2,027)
|
(193)
|
(2,041,849)
|
–
|
(2,044,069)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
Individually significant consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
–
|
–
|
(59,041)
|
–
|
(59,041)
|
Impact on period
end ECL of changes to inputs used for ECL calculations
|
–
|
–
|
343
|
–
|
343
|
Unwinding of
discount
|
–
|
–
|
(4,873)
|
–
|
(4,873)
|
Foreign exchange
adjustments
|
–
|
–
|
(3,252)
|
–
|
(3,252)
|
ECL
at 30 June 2020
|
–
|
–
|
(66,823)
|
–
|
(66,823)
|
Individually significant other loans
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
(1,940)
|
–
|
(8,910)
|
(240)
|
(11,090)
|
Assets derecognised
or repaid (excluding write-offs)
|
1,810
|
–
|
–
|
10
|
1,820
|
Transfers to Stage
3
|
138
|
–
|
(138)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
(8)
|
–
|
(84,370)
|
(37)
|
(84,415)
|
Transfers between
the levels as a result of changes in materiality of
loans
|
–
|
–
|
(40,862)
|
–
|
(40,862)
|
Unwinding of
discount
|
–
|
–
|
(8,783)
|
–
|
(8,783)
|
Amounts written
off
|
–
|
–
|
7,468
|
–
|
7,468
|
Foreign exchange
adjustments
|
–
|
–
|
(2,754)
|
–
|
(2,754)
|
ECL
at 30 June 2020
|
–
|
–
|
(138,349)
|
(267)
|
(138,616)
|
Individually significant loans issued to
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
small and medium-sized businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
(9,937)
|
(75)
|
(893,926)
|
–
|
(903,938)
|
New assets
originated or purchased
|
(105)
|
–
|
–
|
–
|
(105)
|
Assets derecognised
or repaid (excluding write-offs)
|
108
|
42
|
4,103
|
–
|
4,253
|
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
|
2,500
|
(2,036)
|
(348,662)
|
–
|
(348,198)
|
Unwinding of
discount
|
–
|
–
|
(71,847)
|
–
|
(71,847)
|
Foreign exchange
adjustments
|
–
|
2,057
|
(38)
|
–
|
2,019
|
ECL
at 30 June 2019
|
(45)
|
(12)
|
(1,317,759)
|
–
|
(1,317,816)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually significant mortgage loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
–
|
–
|
(11,350)
|
–
|
(11,350)
|
Assets derecognised
or repaid (excluding write-offs)
|
–
|
–
|
3,696
|
–
|
3,696
|
Impact on period
end ECL of changes to inputs used for ECL calculations during the
period
|
–
|
–
|
7,654
|
–
|
7,654
|
ECL
at 30 June 2019
|
–
|
–
|
–
|
–
|
–
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually significant 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)
|
–
|
–
|
25,544
|
–
|
25,544
|
Impact on period
end ECL of changes to inputs used for ECL calculations during the
period
|
–
|
–
|
(6,527)
|
–
|
(6,527)
|
Unwinding of
discount
|
–
|
–
|
(3,749)
|
–
|
(3,749)
|
Amounts written
off
|
–
|
–
|
49,006
|
–
|
49,006
|
Foreign exchange
adjustments
|
–
|
–
|
140
|
–
|
140
|
ECL
at 30 June 2019
|
–
|
–
|
(54,932)
|
–
|
(54,932)
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually significant 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
|
–
|
–
|
(2,584)
|
–
|
(2,584)
|
Amounts written
off
|
–
|
–
|
2,584
|
–
|
2,584
|
ECL
at 30 June 2019
|
–
|
–
|
–
|
–
|
–
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
Individually significant other loans
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
–
|
–
|
–
|
(32)
|
(32)
|
New assets
originated or purchased
|
(457)
|
–
|
–
|
–
|
(457)
|
Assets derecognised
or repaid (excluding write-offs)
|
13
|
–
|
–
|
39
|
52
|
Impact on period
end ECL of changes to inputs used for ECL calculations during the
period
|
54
|
–
|
(4,598)
|
(235)
|
(4,779)
|
Amounts written
off
|
–
|
–
|
3,732
|
–
|
3,732
|
Foreign exchange
adjustments
|
–
|
–
|
866
|
–
|
866
|
ECL
at 30 June 2019
|
(390)
|
–
|
–
|
(228)
|
(618)
|
|
30 June 2020 (unaudited)
|
|||
|
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-sized
businesses
|
|
|
|
|
- Not
overdue
|
7,593,642
|
(3,053)
|
7,590,589
|
0.0%
|
- Overdue for less
than 30 days
|
837,307
|
(4,575)
|
832,732
|
0.5%
|
Stage
1 loans
|
8,430,949
|
(7,628)
|
8,423,321
|
0.1%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
591,616
|
(20,700)
|
570,916
|
3.5%
|
- Overdue for less
than 30 days
|
681,156
|
(14,322)
|
666,834
|
2.1%
|
- Overdue for 30
days to 90 days
|
129,104
|
(7,205)
|
121,899
|
5.6%
|
- Overdue for 90
days to 360 days
|
79,893
|
(4,068)
|
75,825
|
5.1%
|
- Overdue for 180
days to 360 days
|
270,096
|
(18,574)
|
251,522
|
6.9%
|
- Overdue for more
than 360 days
|
390,749
|
(167,888)
|
222,861
|
43.0%
|
Stage
2 and Stage 3 loans
|
2,142,614
|
(232,757)
|
1,909,857
|
10.9%
|
Total
individually insignificant loans issued to small and medium-sized
businesses
|
10,573,563
|
(240,385)
|
10,333,178
|
2.3%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant mortgage loans
|
|
|
|
|
- Not
overdue
|
1,046,677
|
(1,159)
|
1,045,518
|
0.1%
|
- Overdue for less
than 30 days
|
92,799
|
(158)
|
92,641
|
0.2%
|
Stage
1 loans
|
1,139,476
|
(1,317)
|
1,138,159
|
0.1%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
101,579
|
(240)
|
101,339
|
0.2%
|
- Overdue for less
than 30 days
|
81,896
|
–
|
81,896
|
0.0%
|
- Overdue for 30
days to 90 days
|
10,022
|
–
|
10,022
|
0.0%
|
- Overdue for 90
days to 360 days
|
–
|
–
|
–
|
0.0%
|
- Overdue for 180
days to 360 days
|
46,454
|
(18,148)
|
28,306
|
39.1%
|
- Overdue for more
than 360 days
|
92,582
|
(31,062)
|
61,520
|
33.6%
|
Stage
2 and Stage 3 loans
|
332,533
|
(49,450)
|
283,083
|
14.9%
|
|
|
|
|
|
POCI
|
683,214
|
(701)
|
682,513
|
0.1%
|
Total
individually insignificant mortgage loans
|
2,155,223
|
(51,468)
|
2,103,755
|
2.4%
|
|
30 June 2020(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant consumer loans
|
|
|
|
|
- Not
overdue
|
1,146,421
|
(107,105)
|
1,039,316
|
9.3%
|
- Overdue for less
than 30 days
|
163,454
|
(58,928)
|
104,526
|
36.1%
|
Stage
1 loans
|
1,309,875
|
(166,033)
|
1,143,842
|
12.7%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
91,650
|
(70,679)
|
20,971
|
77.1%
|
- Overdue for less
than 30 days
|
116,103
|
(106,077)
|
10,026
|
91.4%
|
- Overdue for 30
days to 90 days
|
53,123
|
(47,628)
|
5,495
|
89.7%
|
- Overdue for 90
days to 360 days
|
54,566
|
(54,560)
|
6
|
100.0%
|
- Overdue for 180
days to 360 days
|
35,424
|
(35,424)
|
–
|
100.0%
|
- Overdue for more
than 360 days
|
30,286
|
(30,286)
|
–
|
100.0%
|
Stage
2 and Stage 3 loans
|
381,152
|
(344,654)
|
36,498
|
90.4%
|
Total
individually insignificant consumer loans
|
1,691,027
|
(510,687)
|
1,180,340
|
30.2%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant car loans
|
|
|
|
|
- Not
overdue
|
46,090
|
–
|
46,090
|
0.0%
|
- Overdue for less
than 30 days
|
–
|
–
|
–
|
0.0%
|
Stage
1 loans
|
46,090
|
–
|
46,090
|
0.0%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
–
|
–
|
–
|
–
|
- Overdue for less
than 30 days
|
–
|
–
|
–
|
–
|
- Overdue for 30
days to 90 days
|
1,712
|
–
|
1,712
|
–
|
- 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
|
1,712
|
–
|
1,712
|
–
|
Total
individually insignificant car loans
|
47,802
|
–
|
47,802
|
0.0%
|
|
30 June 2020(unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loans less ECL allowance
|
ECL allowance to gross loans before ECL allowance, (%)
|
Individually
insignificant credit cards
|
|
|
|
|
- Not
overdue
|
271,471
|
(68,915)
|
202,556
|
25.4%
|
- Overdue for less
than 30 days
|
2,889
|
(417)
|
2,472
|
14.4%
|
Stage
1 loans
|
274,360
|
(69,332)
|
205,028
|
25.3%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
574
|
(494)
|
80
|
86.1%
|
- Overdue for less
than 30 days
|
–
|
–
|
–
|
0.0%
|
- Overdue for 30
days to 90 days
|
6,916
|
(1,436)
|
5,480
|
20.8%
|
- Overdue for 90
days to 360 days
|
14,278
|
(13,930)
|
348
|
97.6%
|
- Overdue for 180
days to 360 days
|
6,505
|
(6,391)
|
114
|
98.2%
|
- Overdue for more
than 360 days
|
26,916
|
(24,861)
|
2,055
|
92.4%
|
Stage
2 and Stage 3 loans
|
55,189
|
(47,112)
|
8,077
|
85.4%
|
Total
individually insignificant credit cards
|
329,549
|
(116,444)
|
213,105
|
35.3%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020(unaudited)
|
|||
|
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
|
21,422,389
|
(2,634)
|
21,419,755
|
0.0%
|
- Overdue for less
than 30 days
|
2,792,937
|
(142)
|
2,792,795
|
0.0%
|
Stage
1 loans
|
24,215,326
|
(2,776)
|
24,212,550
|
0.0%
|
|
|
|
|
|
Stage
2 and Stage 3 loans
|
|
|
|
|
- Not
overdue
|
1,898,540
|
(6,583)
|
1,891,957
|
0.3%
|
- Overdue for less
than 30 days
|
2,183,092
|
(788)
|
2,182,304
|
0.0%
|
- Overdue for 30
days to 90 days
|
685,330
|
(89)
|
685,241
|
0.0%
|
- Overdue for 90
days to 360 days
|
243,022
|
–
|
243,022
|
0.0%
|
- Overdue for 180
days to 360 days
|
430,512
|
(26,330)
|
404,182
|
6.1%
|
- Overdue for more
than 360 days
|
1,627,707
|
(614,134)
|
1,013,573
|
37.7%
|
Stage
2 and Stage 3 loans
|
7,068,203
|
(647,924)
|
6,420,279
|
9.2%
|
|
|
|
|
|
POCI
|
654,415
|
(1,830)
|
652,585
|
0.3%
|
Total
individually insignificant other loans secured by
collateral
|
31,937,944
|
(652,530)
|
31,285,414
|
2.0%
|
|
31 December 2019 (unaudited)
|
|||
|
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-sized
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 30
days to 90 days
|
739,329
|
(22,074)
|
717,255
|
3.0%
|
- Overdue more than
90 days
|
84,150
|
(228)
|
83,922
|
0.3%
|
- Overdue for 90
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-sized
businesses
|
10,619,003
|
(186,581)
|
10,432,422
|
1.8%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
31 December 2019 (unaudited)
|
|||
|
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 30
days to 90 days
|
42,260
|
–
|
42,260
|
0.0%
|
- Overdue for 90
days to 180 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%
|
|
31 December 2019 (unaudited)
|
|||
|
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 30
days to 90 days
|
136,782
|
(97,952)
|
38,830
|
71.6%
|
- Overdue for 90
days to 180 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%
|
Total
individually insignificant consumer loans
|
2,697,293
|
(904,244)
|
1,793,049
|
33.5%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
31 December 2019 (unaudited)
|
|||
|
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 30
days to 90 days
|
1,840
|
–
|
1,840
|
0.0%
|
- 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
|
1,840
|
–
|
1,840
|
0.0%
|
Total
individually insignificant car loans
|
67,049
|
–
|
67,049
|
0.0%
|
|
31 December 2019 (unaudited)
|
|||
|
Loans before ECL allowance
|
ECL allowance
|
Loansless 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 30
days to 90 days
|
8,594
|
(4,465)
|
4,129
|
52.0%
|
- Overdue for 90
days to 180 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%
|
Total
individually insignificant credit cards
|
477,135
|
(93,495)
|
383,640
|
19.6%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
31 December 2019 (unaudited)
|
|||
|
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 30
days to 90 days
|
1,809,443
|
(1,333)
|
1,808,110
|
0.1%
|
- Overdue for 90
days to 180 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%
|
Individually insignificant loans issued to
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
small and medium-sized businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
(10,409)
|
(4,495)
|
(171,677)
|
–
|
(186,581)
|
New assets
originated or purchased
|
(2,302)
|
–
|
–
|
–
|
(2,302)
|
Assets derecognised
or repaid (excluding write-offs)
|
1,933
|
1,992
|
5,730
|
–
|
9,655
|
Transfers to Stage
1
|
(2,159)
|
1,029
|
1,130
|
–
|
–
|
Transfers to Stage
2
|
8,243
|
(10,248)
|
2,005
|
–
|
–
|
Transfers to Stage
3
|
–
|
22,790
|
(22,790)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
(2,906)
|
(11,068)
|
(64,745)
|
–
|
(78,719)
|
Transfers between
the levels as a result of changes in materiality of
loans
|
(28)
|
−
|
8,900
|
–
|
8,872
|
Unwinding of
discount
|
–
|
–
|
(19,993)
|
–
|
(19,993)
|
Amounts written
off
|
–
|
–
|
28,683
|
–
|
28,683
|
Foreign exchange
adjustments
|
–
|
–
|
–
|
–
|
–
|
ECL
at 30 June 2020
|
(7,628)
|
–
|
(232,757)
|
–
|
(240,385)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
Individually insignificant mortgages
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
(304)
|
–
|
(57,040)
|
–
|
(57,344)
|
Assets derecognised
or repaid (excluding write-offs)
|
70
|
–
|
10,521
|
–
|
10,591
|
Transfers to Stage
2
|
63
|
(63)
|
–
|
–
|
–
|
Transfers to Stage
3
|
–
|
120
|
(120)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
(1,146)
|
(58)
|
(2,384)
|
(701)
|
(4,289)
|
Changes to
contractual cash flows due to modifications not resulting in
derecognition
|
–
|
–
|
1
|
–
|
1
|
Unwinding of
discount
|
–
|
–
|
(3,050)
|
–
|
(3,050)
|
Amounts written
off
|
–
|
–
|
2,757
|
–
|
2,757
|
Foreign exchange
adjustments
|
–
|
–
|
(134)
|
–
|
(134)
|
ECL
at 30 June 2020
|
(1,317)
|
(1)
|
(49,449)
|
(701)
|
(51,468)
|
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
Individually insignificant consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
(215,169)
|
(40,853)
|
(648,222)
|
–
|
(904,244)
|
New assets
originated or purchased
|
(577)
|
–
|
–
|
–
|
(577)
|
Assets derecognised
or repaid (excluding write-offs)
|
47,559
|
6,233
|
42,557
|
–
|
96,349
|
Transfers to Stage
1
|
(97,044)
|
66,754
|
30,290
|
–
|
–
|
Transfers to Stage
2
|
163,727
|
(167,422)
|
3,695
|
–
|
–
|
Transfers to Stage
3
|
782
|
168,047
|
(168,829)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
(65,311)
|
(98,004)
|
(37,646)
|
–
|
(200,961)
|
Unwinding of
discount
|
–
|
–
|
(29,600)
|
–
|
(29,600)
|
Amounts written
off
|
–
|
–
|
528,346
|
–
|
528,346
|
ECL
at 30 June 2020
|
(166,033)
|
(65,245)
|
(279,409)
|
–
|
(510,687)
|
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
Individually insignificant car loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
–
|
–
|
–
|
–
|
–
|
Impact on period
end ECL of changes to models and inputs used for ECL
calculations
|
–
|
–
|
–
|
–
|
–
|
ECL
at 30 June 2020
|
–
|
–
|
–
|
–
|
–
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
Individually insignificant credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
(9,683)
|
(515)
|
(83,297)
|
–
|
(93,495)
|
New assets
originated or purchased
|
(462)
|
–
|
–
|
–
|
(462)
|
Assets derecognised
or repaid (excluding write-offs)
|
3,822
|
147
|
4,988
|
–
|
8,957
|
Transfers to Stage
1
|
(7,873)
|
3,482
|
4,391
|
–
|
–
|
Transfers to Stage
2
|
5,527
|
(5,957)
|
430
|
–
|
–
|
Transfers to Stage
3
|
140
|
6,226
|
(6,366)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
(60,801)
|
(4,821)
|
(10,425)
|
–
|
(76,047)
|
Changes to
contractual cash flows due to modifications not resulting in
derecognition
|
–
|
–
|
8
|
–
|
8
|
Unwinding of
discount
|
–
|
–
|
(4,823)
|
–
|
(4,823)
|
Amounts written
off
|
–
|
–
|
49,420
|
–
|
49,420
|
Foreign exchange
adjustments
|
(2)
|
–
|
−
|
–
|
(2)
|
ECL
at 30 June 2020
|
(69,332)
|
(1,438)
|
(45,674)
|
–
|
(116,444)
|
Individually insignificant other loans
|
For the six-month period ended 30 June 2020
(unaudited)
|
||||
secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2020
|
(6,621)
|
(4,502)
|
(562,948)
|
(13)
|
(574,084)
|
New assets
originated or purchased
|
(3,850)
|
–
|
–
|
–
|
(3,850)
|
Assets derecognised
or repaid (excluding write-offs)
|
456
|
92
|
19,914
|
–
|
20,462
|
Transfers to Stage
2
|
2,052
|
(9,066)
|
7,014
|
–
|
–
|
Transfers to Stage
3
|
–
|
8,844
|
(8,844)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
5,187
|
(382)
|
(170,205)
|
(1,857)
|
(167,257)
|
Transfers between
the levels as a result of changes in materiality of
loans
|
–
|
–
|
40,862
|
–
|
40,862
|
Changes to
contractual cash flows due to modifications not resulting in
derecognition
|
–
|
–
|
40
|
40
|
80
|
Unwinding of
discount
|
–
|
–
|
(55,588)
|
–
|
(55,588)
|
Amounts written
off
|
–
|
–
|
96,671
|
–
|
96,671
|
Foreign exchange
adjustments
|
–
|
–
|
(9,826)
|
–
|
(9,826)
|
ECL
at 30 June 2020
|
(2,776)
|
(5,014)
|
(642,910)
|
(1,830)
|
(652,530)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually insignificant loans issued to small and medium-sized
businesses
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
(4,763)
|
(307)
|
(96,107)
|
–
|
(101,177)
|
New assets
originated or purchased
|
(6,232)
|
–
|
–
|
–
|
(6,232)
|
Assets derecognised
or repaid (excluding write-offs)
|
512
|
553
|
3,842
|
–
|
4,907
|
Transfers to Stage
1
|
(1)
|
1
|
–
|
–
|
–
|
Transfers to Stage
2
|
3,711
|
(3,711)
|
–
|
–
|
–
|
Transfers to Stage
3
|
–
|
3,690
|
(3,690)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
(3,673)
|
(5,610)
|
(8,621)
|
–
|
(17,904)
|
Unwinding of
discount
|
–
|
–
|
(8,210)
|
–
|
(8,210)
|
Amounts written
off
|
–
|
–
|
979
|
–
|
979
|
Foreign exchange
adjustments
|
30
|
–
|
(5)
|
–
|
25
|
ECL
at 30 June 2019
|
(10,416)
|
(5,384)
|
(111,812)
|
–
|
(127,612)
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually insignificant mortgage loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
(2,154)
|
(4,961)
|
(74,799)
|
(10)
|
(81,924)
|
New assets
originated or purchased
|
–
|
–
|
–
|
(175)
|
(175)
|
Assets derecognised
or repaid (excluding write-offs)
|
366
|
21
|
936
|
4
|
1,327
|
Transfers to Stage
1
|
(550)
|
550
|
–
|
–
|
–
|
Transfers to Stage
2
|
641
|
(1,191)
|
550
|
–
|
–
|
Transfers to Stage
3
|
–
|
5,666
|
(5,666)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
1,142
|
(85)
|
(48,668)
|
6
|
(47,605)
|
Unwinding of
discount
|
–
|
–
|
(6,110)
|
–
|
(6,110)
|
Amounts written
off
|
–
|
–
|
25,058
|
–
|
25,058
|
Foreign exchange
adjustments
|
9
|
–
|
240
|
–
|
249
|
ECL
at 30 June 2019
|
(546)
|
–
|
(108,459)
|
(175)
|
(109,180)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually insignificant consumer loans
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
(339,085)
|
(27,885)
|
(492,480)
|
–
|
(859,450)
|
New assets
originated or purchased
|
(35,973)
|
–
|
–
|
–
|
(35,973)
|
Assets derecognised
or repaid (excluding write-offs)
|
75,090
|
4,651
|
15,036
|
–
|
94,777
|
Transfers to Stage
1
|
(46,599)
|
46,599
|
–
|
–
|
–
|
Transfers to Stage
2
|
82,545
|
(96,763)
|
14,218
|
–
|
–
|
Transfers to Stage
3
|
–
|
101,509
|
(101,509)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
8,843
|
(85,255)
|
(130,535)
|
–
|
(206,947)
|
Unwinding of
discount
|
–
|
–
|
(31,294)
|
–
|
(31,294)
|
Recoveries
|
–
|
–
|
(2,135)
|
–
|
(2,135)
|
Amounts written
off
|
–
|
–
|
364,471
|
–
|
364,471
|
Foreign exchange
adjustments
|
–
|
–
|
3
|
–
|
3
|
ECL
at 30 June 2019
|
(255,179)
|
(57,144)
|
(364,225)
|
–
|
(676,548)
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually insignificant 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
|
1
|
–
|
–
|
–
|
1
|
ECL
at 30 June 2019
|
(1)
|
–
|
–
|
–
|
(1)
|
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
Individually insignificant credit cards
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
(10,930)
|
(4,004)
|
(86,754)
|
–
|
(101,688)
|
New assets
originated or purchased
|
(5,921)
|
–
|
–
|
–
|
(5,921)
|
Assets derecognised
or repaid (excluding write-offs)
|
5,602
|
2,044
|
13,118
|
–
|
20,764
|
Transfers to Stage
1
|
(3,905)
|
3,905
|
–
|
–
|
–
|
Transfers to Stage
2
|
1,423
|
(4,373)
|
2,950
|
–
|
–
|
Transfers to Stage
3
|
–
|
1,616
|
(1,616)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
(150)
|
(148)
|
(7,204)
|
–
|
(7,502)
|
Unwinding of
discount
|
–
|
–
|
(10,399)
|
–
|
(10,399)
|
Amounts written
off
|
–
|
–
|
10,924
|
–
|
10,924
|
Foreign exchange
adjustments
|
3
|
–
|
–
|
–
|
3
|
ECL
at 30 June 2019
|
(13,878)
|
(960)
|
(78,981)
|
–
|
(93,819)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
Individually insignificant other loans
|
For the six-month period ended 30 June 2019
(unaudited)
|
||||
secured by collateral
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
ECL
at 1 January 2019
|
(4,150)
|
(4,305)
|
(210,498)
|
(361)
|
(219,314)
|
New assets
originated or purchased
|
(6,114)
|
–
|
–
|
–
|
(6,114)
|
Assets derecognised
or repaid (excluding write-offs)
|
628
|
273
|
25,516
|
48
|
26,465
|
Transfers to Stage
1
|
(689)
|
689
|
–
|
–
|
–
|
Transfers to Stage
2
|
300
|
(861)
|
561
|
–
|
–
|
Transfers to Stage
3
|
–
|
149
|
(149)
|
–
|
–
|
Impact on period
end ECL of exposures transferred between stages and changes to
inputs used for ECL calculations during the period
|
869
|
(5,486)
|
(181,671)
|
(89)
|
(186,377)
|
Unwinding of
discount
|
–
|
–
|
(15,649)
|
–
|
(15,649)
|
Amounts written
off
|
–
|
–
|
76,049
|
–
|
76,049
|
Foreign exchange
adjustments
|
1
|
1
|
778
|
–
|
780
|
ECL
at 30 June 2019
|
(9,155)
|
(9,540)
|
(305,063)
|
(402)
|
(324,160)
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
|
|
|
Buildings and
land
|
2,334,229
|
1,696,831
|
Total
repossessed collateral
|
2,334,229
|
1,696,831
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
|
|
|
Individuals
|
38,852,759
|
43,345,908
|
Trade of consumer
goods
|
8,501,550
|
8,952,934
|
Services
|
6,359,615
|
6,049,526
|
Real estate
transactions and rent
|
4,989,146
|
5,240,497
|
Industrial
constructions
|
1,841,769
|
1,966,673
|
Medicine, science
and education
|
1,232,705
|
1,248,787
|
Production and sale
of cars, machinery and equipment
|
935,437
|
903,853
|
Transport and
logistics services
|
851,288
|
958,895
|
Financial
services
|
772,606
|
1,128,957
|
Extraction and
processing of mineral resources, metal and chemical
industry
|
756,465
|
726,254
|
Civil
engineering
|
629,848
|
681,931
|
Agriculture
|
250,502
|
274,040
|
Manufacturing
sector
|
184,283
|
228,184
|
Telecommunication
|
158,854
|
130,296
|
Other
|
10,555
|
11,948
|
|
66,327,382
|
71,848,683
|
|
|
|
ECL
allowance
|
(3,821,022)
|
(3,724,356)
|
|
62,506,360
|
68,124,327
|
|
For the six-month period ended 30 June
|
|
|
2020
(unaudited)
|
2019
(unaudited)
|
Loans
modified during the period
|
|
|
Amortised cost
before modification
|
11,395,418
|
2,357,292
|
Net loss from
modification that does not result in derecognition
|
(28,986)
|
(47,932)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June
2020
(unaudited)
|
Loans
modified during the period
|
|
Amortised cost
before modification
|
39,302,108
|
Net loss from
modification that does not result in derecognition
|
(107,296)
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
Debt securities at amortised cost
|
|
|
Treasury bills of
the Ministry of Finance of the Republic of Kazakhstan rated
BBB-
|
3,981,863
|
3,793,622
|
ECL
allowance
|
(9,671)
|
(8,577)
|
Investment
securities measured at amortised cost
|
3,972,192
|
3,785,045
|
|
|
|
Debt securities at FVOCI
|
|
|
Discount notes of
the NBRK rated at BBB-
|
1,656,241
|
–
|
ECL
allowance
|
(570)
|
–
|
Investment
securities measured at FVOCI
|
1,655,671
|
–
|
Investment
securities
|
5,627,863
|
3,785,045
|
|
For the six-month period ended 30 June
|
|
Debt securities at amortised cost
|
2020
(unaudited)
|
2019
(unaudited)
|
|
|
|
ECL
allowance as at 1 January
|
(8,577)
|
–
|
Net change in the
allowance for the year (Note
16)
|
(613)
|
–
|
Foreign exchange
adjustments
|
(481)
|
–
|
At
30 June
|
(9,671)
|
–
|
|
For the six-month period ended 30 June
|
|
Debt securities at FVOCI
|
2020
(unaudited)
|
2019
(unaudited)
|
|
|
|
ECL
allowance as at 1 January
|
–
|
(179)
|
Net change in the
allowance for the year (Note
16)
|
(570)
|
179
|
At
30 June
|
(570)
|
–
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
|
|
|
Other
receivables
|
659,488
|
641,992
|
Accounts receivable
from debt recovery firm
|
91,408
|
–
|
ECL
allowance
|
(22,775)
|
(34,562)
|
Other
financial assets
|
728,121
|
607,430
|
|
|
|
Repossessed
collateral
|
2,334,229
|
1,696,831
|
Prepaid
expenses
|
470,145
|
485,264
|
Taxes prepaid other
than corporate income tax
|
79,297
|
44,777
|
Prepayment for
property and equipment and intangible assets
|
2,278
|
77,950
|
Other
|
47,075
|
50,089
|
Total
other non-financial assets
|
2,933,024
|
2,354,911
|
Other
assets
|
3,661,145
|
2,962,341
|
|
Stage 1
|
Stage 3
|
Total
|
|
|
|
|
ECL allowance as at 1 January 2020
|
(1,812)
|
(32,750)
|
(34,562)
|
Net change in the allowance for the period
(Note
16)
|
(3,427)
|
15,351
|
11,924
|
Foreign
exchange adjustments
|
(137)
|
–
|
(137)
|
ECL
allowance as at 30 June 2020
|
(5,376)
|
(17,399)
|
(22,775)
|
|
Stage 1
|
Stage 3
|
Total
|
|
|
|
|
ECL allowance as at 1 January 2019
|
(12,578)
|
–
|
(12,578)
|
Net change in the allowance for the period
(Note
16)
|
7,914
|
(25,913)
|
(17,999)
|
Foreign
exchange adjustments
|
17
|
–
|
17
|
ECL
allowance as at 30 June 2019
|
(4,647)
|
(25,913)
|
(30,560)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the three-month period ended
|
For the six-month period ended
|
||
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
|
|
|
|
|
Current corporate
income tax expense
|
35,326
|
82,562
|
206,804
|
165,123
|
Deferred corporate
income tax expense − origination and reversal of temporary
differences
|
71,902
|
24,514
|
84,375
|
127,680
|
Corporate
income tax expense
|
107,228
|
107,076
|
291,179
|
292,803
|
|
30 June2020
(unaudited)
|
31 December
2019 (unaudited)
|
|
|
|
Loans and deposits
from governmental organisations
|
6,888,308
|
7,933,858
|
Loans from
international financial institutions
|
397,815
|
1,177,661
|
Amounts
due to banks and other credit institutions
|
7,286,123
|
9,111,519
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June2020
(unaudited)
|
31 December
2019 (unaudited)
|
Current
accounts and demand deposits
|
|
|
- Retail
customers
|
1,604,775
|
2,435,282
|
- Corporate
customers
|
21,577,882
|
16,458,064
|
|
|
|
Time
deposits
|
|
|
- Retail
customers
|
29,734,837
|
33,629,202
|
- Corporate
customers
|
31,901,661
|
30,225,503
|
|
|
|
Guarantee
deposits
|
|
|
- Retail
customers
|
1,075,280
|
1,659,251
|
- Corporate
customers
|
1,472,771
|
1,394,996
|
|
87,367,206
|
85,802,298
|
|
|
|
Held as security
against loans to customers
|
1,154,438
|
1,441,500
|
Held as security
against guarantees (Note
20)
|
1,393,613
|
1,612,747
|
|
30 June 2020
(unaudited)
|
31 December
2019 (unaudited)
|
||
|
Amount
|
%
|
Amount
|
%
|
|
|
|
|
|
Individuals
|
32,414,892
|
37,10%
|
37,723,735
|
44,00%
|
Production
|
10,600,427
|
12,10%
|
2,853,421
|
3,30%
|
Financial
services
|
6,393,591
|
7,30%
|
3,261,913
|
3,80%
|
Lease
|
5,511,651
|
6,30%
|
6,361,162
|
7,40%
|
Construction
|
4,206,907
|
4,80%
|
4,401,961
|
5,10%
|
Mining
industry
|
3,356,742
|
3,80%
|
6,144,578
|
7,20%
|
Asset
management
|
3,233,077
|
3,70%
|
2,293,143
|
2,70%
|
Trade
|
2,947,727
|
3,40%
|
2,897,089
|
3,40%
|
Professional
services
|
2,742,837
|
3,10%
|
2,757,236
|
3,20%
|
Transportation
|
2,427,520
|
2,80%
|
2,811,617
|
3,30%
|
Insurance
|
1,569,232
|
1,80%
|
3,655,804
|
4,30%
|
Real
Estate
|
1,393,106
|
1,60%
|
1,260,626
|
1,50%
|
Communication and
information
|
976,292
|
1,10%
|
1,119,107
|
1,30%
|
Education
|
852,527
|
1,00%
|
1,772,274
|
2,10%
|
Non-profit
entities
|
784,901
|
0,90%
|
915,066
|
1,10%
|
Medical
services
|
492,621
|
0,60%
|
172,904
|
0,20%
|
Electrical
power
|
401,944
|
0,50%
|
919,085
|
1,10%
|
Agriculture
|
368,346
|
0,40%
|
310,290
|
0,40%
|
Other
|
6,692,866
|
7,70%
|
4,171,287
|
4,60%
|
Amounts
due to customers
|
87,367,206
|
100,00%
|
85,802,298
|
100,00%
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
|
|
|
Long-term
loans
|
2,308,142
|
2,263,255
|
Debt component of
preferred shares
|
1,040,000
|
1,040,000
|
Subordinated
debt
|
3,348,142
|
3,303,255
|
Creditor
|
|
Borrowing currency
|
The nominal interest rate
|
|
Date
of issue
|
|
Maturity
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
Global Development
LLP
|
|
Tenge
|
7,00%
|
|
20 June
2011
|
|
24 July
2033
|
844,626
|
837,009
|
Maglink
Limited
|
|
US
dollar
|
3,00%
|
|
28 June
2011
|
|
20 June
2033
|
392,001
|
364,364
|
Global Development
LLP
|
|
Tenge
|
7,00%
|
|
23 June
2011
|
|
24 July
2033
|
29,716
|
29,448
|
Global Development
LLP
|
|
Tenge
|
7,00%
|
|
29
August 2016
|
|
24 July
2033
|
1,041,799
|
1,032,434
|
|
|
|
|
|
|
|
2,308,142
|
2,263,255
|
|
30 June
2020
(unaudited)
|
31 December
2019
(unaudited)
|
|
|
|
Payables to
suppliers
|
102,121
|
74,332
|
Other financial
liabilities
|
114,779
|
55,655
|
Other
financial liabilities
|
216,900
|
129,987
|
|
|
|
Accrued expenses on
bonuses
|
89,216
|
443,279
|
Fees and
commissions on issued guarantees
|
37,469
|
13,255
|
Other taxes payable
other than corporate income tax
|
20,920
|
7,343
|
Accrued unused
vacations reserves
|
20,868
|
19,964
|
Other non-financial
liabilities
|
757
|
224
|
Total
other non-financial liabilities
|
169,230
|
484,065
|
Total
other liabilities
|
386,130
|
614,052
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020
(unaudited)
|
31 December 2019
(unaudited)
|
||||
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
|
16,050,647
|
1,715,52
|
9,356,140
|
15,000,818
|
1,603,31
|
|
For the three-month period ended
|
For the six-month period ended
|
||
|
30 June 2020 (unaudited)
|
30 June 2019 (unaudited)
|
30 June 2020 (unaudited)
|
30 June 2019 (unaudited)
|
|
|
|
|
|
Interest
income calculated using effective interest rate
|
|
|
|
|
Loans to
customers
|
2,678,349
|
3,341,171
|
5,638,257
|
6,739,401
|
Cash and cash
equivalents
|
4,935
|
75,919
|
111,021
|
153,584
|
Amounts due from
banks and other financial institutions
|
1,157
|
715
|
1,732
|
1,894
|
Investment
securities
|
|
|
|
|
- Measured at
amortised cost
|
25,347
|
–
|
49,381
|
–
|
- Measured at
FVOCI
|
40,161
|
32,022
|
57,814
|
72,954
|
Other
assets
|
21,319
|
17,078
|
41,234
|
32,279
|
Interest
income
|
2,771,268
|
3,466,905
|
5,899,439
|
7,000,112
|
|
|
|
|
|
Interest
expense calculated using effective interest rate
|
|
|
|
|
Amounts due to
customers
|
(1,091,904)
|
(1,599,483)
|
(2,385,764)
|
(3,317,342)
|
Amounts due to
banks and other financial institutions
|
(147,550)
|
(203,893)
|
(317,606)
|
(420,749)
|
Subordinated
debt
|
(94,568)
|
(97,804)
|
(187,275)
|
(181,991)
|
Other interest
expense
|
(74)
|
–
|
(247)
|
–
|
|
(1,334,096)
|
(1,901,180)
|
(2,890,892)
|
(3,920,082)
|
|
|
|
|
|
Lease
liability
|
(4,429)
|
(11,423)
|
(9,873)
|
(22,058)
|
Interest
expense
|
(1,338,525)
|
(1,912,603)
|
(2,900,765)
|
(3,942,140)
|
Net
interest income
|
1,432,743
|
1,554,302
|
2,998,674
|
3,057,972
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
|
For the six-month period ended 30 June 2020(unaudited)
|
||||
|
Notes
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
|
(6,517)
|
–
|
–
|
–
|
(6,517)
|
Amounts
due from banks and other financial institutions
|
|
(176)
|
–
|
–
|
–
|
(176)
|
Loans
to customers
|
6
|
(59,552)
|
(118,789)
|
(364,258)
|
(2,545)
|
(545,144)
|
Debt
securities at amortised cost
|
7
|
(613)
|
–
|
–
|
–
|
(613)
|
Debt
securities at FVOCI
|
7
|
(570)
|
–
|
–
|
–
|
(570)
|
Other
financial assets
|
8
|
(3,427)
|
–
|
15,351
|
–
|
11,924
|
Total
credit loss expense
|
|
(70,855)
|
(118,789)
|
(348,907)
|
(2,545)
|
(541,096)
|
|
|
For the six-month period ended 30 June 2019(unaudited)
|
||||
|
Notes
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
|
3,702
|
–
|
–
|
–
|
3,702
|
Amounts
due from banks and other financial institutions
|
|
85
|
–
|
–
|
–
|
85
|
Loans
to customers
|
6
|
37,103
|
(91,036)
|
(639,625)
|
(402)
|
(693,960)
|
Debt
securities at FVOCI
|
7
|
179
|
–
|
–
|
–
|
179
|
Other
financial assets
|
8
|
7,914
|
–
|
(25,913)
|
–
|
(17,999)
|
Total
credit loss expense
|
|
48,983
|
(91,036)
|
(665,538)
|
(402)
|
(707,993)
|
|
|
For the three-month period ended 30 June
2020(unaudited)
|
||||
|
Notes
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
|
(6,855)
|
–
|
–
|
–
|
(6,855)
|
Amounts
due from banks and other financial institutions
|
1,692
|
–
|
–
|
–
|
1,692
|
|
Loans
to customers
|
(56,558)
|
(87,560)
|
(296,262)
|
(804)
|
(441,184)
|
|
Debt
securities at amortised cost
|
(485)
|
–
|
–
|
–
|
(485)
|
|
Debt
securities at FVOCI
|
1,200
|
–
|
–
|
–
|
1,200
|
|
Other
financial assets
|
|
(2,431)
|
–
|
(1,561)
|
–
|
(3,992)
|
Total
credit loss expense
|
|
(63,437)
|
(87,560)
|
(297,823)
|
(804)
|
(449,624)
|
|
|
For the three-month period ended 30 June
2019(unaudited)
|
||||
|
Notes
|
Stage 1
|
Stage 2
|
Stage 3
|
POCI
|
Total
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
1,438
|
–
|
–
|
–
|
1,438
|
|
Amounts
due from banks and other financial institutions
|
(309)
|
–
|
–
|
–
|
(309)
|
|
Loans
to customers
|
97,692
|
(26,017)
|
(472,007)
|
(233)
|
(400,565)
|
|
Debt
securities at FVOCI
|
850
|
–
|
–
|
–
|
850
|
|
Other
financial assets
|
|
332
|
–
|
–
|
–
|
332
|
Total
credit loss expense
|
|
100,003
|
(26,017)
|
(472,007)
|
(233)
|
(398,254)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the three-month period ended
|
For the six-month period ended
|
||
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
|
|
|
|
|
Payment
cards
|
95,406
|
99,099
|
334,969
|
156,960
|
Cash
operations
|
72,914
|
202,482
|
190,560
|
367,041
|
Settlements
operations
|
78,043
|
108,268
|
160,544
|
200,674
|
Guarantees
issued
|
66,501
|
88,722
|
125,869
|
154,872
|
Opening and
maintenance of customer accounts
|
20,575
|
21,842
|
42,590
|
43,190
|
Foreign currency
transactions
|
16,911
|
19,933
|
29,758
|
38,771
|
Other
|
13,583
|
22,163
|
27,329
|
39,663
|
Fee
and commission income
|
363,933
|
562,509
|
911,619
|
1,001,171
|
|
|
|
|
|
Transactions on
customers card accounts
|
(134,357)
|
(130,932)
|
(461,740)
|
(208,792)
|
Settlements
operations
|
(13,970)
|
(19,241)
|
(29,473)
|
(36,588)
|
Foreign currency
transactions
|
(4,918)
|
–
|
(4,918)
|
–
|
Securities
operations
|
(813)
|
(264)
|
(1,447)
|
(370)
|
Other
|
(2,914)
|
(10,369)
|
(8,955)
|
(21,059)
|
Fee
and commission expense
|
(156,972)
|
(160,806)
|
(506,533)
|
(266,809)
|
Net
fee and commission income
|
206,961
|
401,703
|
405,086
|
734,362
|
|
For the three-month period ended
|
For the six-month period ended
|
||
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
|
|
|
|
|
Salaries and
bonuses
|
415,080
|
557,046
|
951,669
|
1,111,565
|
Social security
contributions
|
41,451
|
46,752
|
89,668
|
94,015
|
Personnel
expenses
|
456,531
|
603,798
|
1,041,337
|
1,205,580
|
|
|
|
|
|
Depreciation and
amortisation
|
101,215
|
99,587
|
201,723
|
197,189
|
Technical support
and software
|
76,282
|
56,394
|
150,606
|
111,480
|
Taxes other than
corporate income tax
|
57,097
|
49,832
|
122,062
|
107,881
|
Membership
fees
|
51,651
|
41,834
|
84,907
|
83,110
|
Professional
services
|
32,501
|
15,432
|
74,250
|
40,253
|
Security
|
24,242
|
24,622
|
51,976
|
46,844
|
Communication and
information services
|
17,125
|
18,241
|
34,124
|
34,370
|
Advertising and
marketing
|
5,502
|
29,852
|
31,778
|
57,948
|
Utilities
|
7,372
|
8,826
|
26,629
|
27,031
|
Rent
|
8,019
|
14,425
|
24,288
|
28,569
|
Repair and
maintenance
|
9,061
|
28,734
|
19,809
|
40,638
|
Office
supplies
|
2,148
|
3,894
|
6,063
|
7,560
|
Plastic cards
issuance
|
1,839
|
2,170
|
5,013
|
15,431
|
Business
trips
|
269
|
3,498
|
2,876
|
5,708
|
Transportation
|
889
|
1,065
|
1,971
|
2,190
|
Representation
expenses
|
194
|
834
|
675
|
1,475
|
Fines and
penalties
|
40
|
–
|
40
|
505
|
Charity
|
–
|
150
|
–
|
150
|
Loss on disposal of
property and equipment
|
59
|
–
|
59
|
–
|
Other
|
24,894
|
51,411
|
43,028
|
104,260
|
Administrative
and other operating expenses
|
420,399
|
450,801
|
881,877
|
912,592
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the three-month period ended
|
For the six-month period ended
|
||
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
|
|
|
|
|
Net profit for the
period attributable to the shareholder of the Group
|
329,041
|
700,761
|
1,082,348
|
1,116,365
|
Weighted average
number of ordinary shares for basic and diluted earnings per share
computation
|
9,356,140
|
9,356,140
|
9,356,140
|
9,356,140
|
Basic and diluted
earnings per share (in tenge)
|
35,17
|
74,90
|
115,68
|
119,32
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020
(unaudited)
|
31 December
2019 (unaudited)
|
Credit
related commitments
|
|
|
Guarantees
issued
|
5,129,314
|
6,084,259
|
Undrawn credit
lines
|
2,438,318
|
2,705,380
|
|
7,567,632
|
8,789,639
|
|
|
|
Capital expenditure
commitments
|
2,311
|
16,711
|
Commitments
and contingencies before deducting collateral
|
7,569,943
|
8,806,350
|
|
|
|
Less amounts due to
customers held as security against guarantees (Note 11)
|
(1,393,613)
|
(1,612,747)
|
Commitments
and contingencies
|
6,176,330
|
7,193,603
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
|
|
Fair value measurement using
|
|||
30 June 2020
(unaudited)
|
|
Date of valuation
|
Quoted prices in active markets
(Level 1)
|
Significant observable inputs
(Level 2)
|
Significant non-observable inputs
(Level 3)
|
Total
|
|
|
|
|
|
|
|
Assets
measured at fair value
|
|
|
|
|
|
|
Property and
equipment – land and buildings
|
|
12 October
2016
|
–
|
5,474,444
|
–
|
5,474,444
|
Investment
securities measured at FVOCI
|
|
30 June
2020
|
1,655,671
|
–
|
–
|
1,655,671
|
|
|
|
|
|
|
|
Liabilities
measured at fair value
|
|
|
|
|
|
|
Financial
instruments at fair value through profit or loss
|
|
30 June
2020
|
593
|
–
|
–
|
593
|
|
|
|
|
|
|
|
Assets
for which fair value is disclosed
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
30 June
2020
|
36,989,406
|
–
|
–
|
36,989,406
|
Amounts due from
banks and other financial institutions
|
|
30 June
2020
|
–
|
839,452
|
–
|
839,452
|
Investment
securities measured at amortised cost
|
|
30 June
2020
|
3,995,157
|
–
|
–
|
3,995,157
|
Loans to
customers
|
|
30 June
2020
|
–
|
–
|
68,904,240
|
68,904,240
|
Other financial
assets
|
|
30 June
2020
|
–
|
–
|
711,966
|
711,966
|
|
|
|
|
|
|
|
Liabilities
whose fair value is disclosed
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
|
30 June
2020
|
–
|
6,913,984
|
–
|
6,913,984
|
Amounts due to
customers
|
|
30
June
2020
|
–
|
87,486,840
|
–
|
87,486,840
|
Subordinated
debt
|
|
30 June
2020
|
–
|
3,762,967
|
–
|
3,762,967
|
Lease
liabilities
|
|
30 June
2020
|
–
|
173,014
|
–
|
173,014
|
Other financial
liabilities
|
|
30 June
2020
|
–
|
–
|
216,900
|
216,900
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
|
|
Fair value measurement using
|
|||
31 December 2019
(unaudited)
|
|
Date of valuation
|
Quoted prices in active markets
(Level 1)
|
Significant observable inputs
(Level 2)
|
Significant non-observable inputs
(Level 3)
|
Total
|
|
|
|
|
|
|
|
Assets
measured at fair value
|
|
|
|
|
|
|
Property and
equipment – land and buildings
|
|
12 October
2016
|
–
|
5,517,342
|
–
|
5,517,342
|
|
|
|
|
|
|
|
Liabilities
measured at fair value
|
|
|
|
|
|
|
Financial
instruments at fair value through profit or loss
|
|
31 December
2019
|
9,626
|
–
|
–
|
9,626
|
|
|
|
|
|
|
|
Assets
for which fair value is disclosed
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
31 December
2019
|
33,448,522
|
–
|
–
|
33,448,522
|
Amounts due from
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
|
–
|
–
|
581,815
|
581,815
|
|
|
|
|
|
|
|
Liabilities
whose fair value is 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
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020
(unaudited)
|
31 December 2019
(unaudited)
|
||||
|
Carrying amount
|
Fair value
|
Unrecog-nised gain/(loss)
|
Carrying amount
|
Fair value
|
Unrecog-nised gain/(loss)
|
Financial
assets
|
|
|
|
|
|
|
Cash and cash
equivalents
|
36,989,406
|
36,989,406
|
–
|
33,448,522
|
33,448,522
|
–
|
Amounts due from
banks and other financial institutions
|
839,452
|
839,452
|
–
|
776,208
|
776,208
|
–
|
Loans to
customers
|
62,506,360
|
68,904,240
|
6,397,880
|
68,124,327
|
76,825,946
|
8,701,619
|
Investment
securities measured at amortised cost
|
3,972,192
|
3,995,157
|
22,965
|
3,785,045
|
3,837,476
|
52,431
|
Other financial
assets
|
728,121
|
711,966
|
(16,155)
|
607,430
|
581,815
|
(25,615)
|
|
|
|
|
|
|
|
Financial
liabilities
|
|
|
|
|
|
|
Amounts due to
banks and other financial institutions
|
7,286,123
|
6,913,984
|
372,139
|
9,111,519
|
9,028,965
|
82,554
|
Amounts due to
customers
|
87,367,206
|
87,486,840
|
(119,634)
|
85,802,298
|
86,220,104
|
(417,806)
|
Subordinated
debt
|
3,348,142
|
3,762,967
|
(414,825)
|
3,303,255
|
3,660,095
|
(356,840)
|
Lease
liabilities
|
173,014
|
173,014
|
–
|
226,456
|
226,456
|
–
|
Other financial
liabilities
|
216,900
|
216,900
|
–
|
129,987
|
129,987
|
–
|
Total
unrecognised change in unrealised fair value
|
|
|
6,242,370
|
|
|
8,036,343
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020
(unaudited)
|
||
|
Parent
|
Key management
personnel
|
Other related parties
|
Assets
|
|
|
|
Cash and cash
equivalents
|
835,753
|
–
|
–
|
ECL
allowance
|
(1,617)
|
–
|
–
|
Cash and cash
equivalents
|
834,136
|
–
|
–
|
|
|
|
|
Loans to customers
before ECL allowance
|
–
|
2,364
|
47,692
|
ECL
allowance
|
–
|
(89)
|
(543)
|
Loans to
customers
|
–
|
2,275
|
47,149
|
|
|
|
|
Liabilities
|
|
|
|
Amounts due to
customers
|
–
|
138,068
|
3,008,140
|
Subordinated
debt
|
–
|
–
|
1,040,000
|
|
31 December 2019
(unaudited)
|
||
|
Parent
|
Key management
personnel
|
Other related parties
|
Assets
|
|
|
|
Cash and cash
equivalents
|
849,567
|
–
|
–
|
ECL
allowance
|
(1,059)
|
–
|
–
|
Loans to
customers
|
848,508
|
–
|
–
|
|
|
|
|
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
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
For the six-month period ended 30 June
|
|||||
|
2020
(unaudited)
|
2019
(unaudited)
|
||||
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
|
|
|
|
|
|
|
Interest income on
loans to customers
|
–
|
167
|
3,589
|
–
|
178
|
4,939
|
Charge of ECL
allowance on loans to customers
|
–
|
(89)
|
(543)
|
–
|
–
|
(15)
|
Interest expense on
amounts due to customers
|
–
|
(1,641)
|
(18,081)
|
–
|
(1,808)
|
(39,890)
|
Interest expense on
subordinated debt
|
–
|
–
|
(40,000)
|
–
|
–
|
(40,000)
|
Net fee and
commission (expense)/ income
|
(18,492)
|
313
|
3,375
|
(21,496)
|
188
|
(8,179)
|
Net gains from
transactions in foreign currencies
|
–
|
1,468
|
19,383
|
–
|
157
|
99,893
|
Other
income/(expense)
|
487
|
–
|
(4,601)
|
305
|
–
|
(1,383)
|
|
For the three-month period ended 30 June
|
|||||
|
2020
(unaudited)
|
2019
(unaudited)
|
||||
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
|
|
|
|
|
|
|
Interest income on
loans to customers
|
–
|
65
|
1,693
|
–
|
83
|
2,977
|
Charge of ECL
allowance on loans to customers
|
–
|
3
|
(493)
|
–
|
–
|
(9)
|
Interest expense on
amounts due to customers
|
–
|
(774)
|
(12,349)
|
–
|
(621)
|
(26,844)
|
Interest expense on
subordinated debt
|
–
|
–
|
(20,000)
|
–
|
–
|
(20,000)
|
Net fee and
commission (expense)/ income
|
(8,375)
|
175
|
2,759
|
(21,513)
|
106
|
(16,782)
|
Net gains from
transactions in foreign currencies
|
–
|
1,361
|
17,086
|
–
|
81
|
96,022
|
Other
income/(expense)
|
722
|
–
|
(2,096)
|
269
|
–
|
(4,462)
|
“Bank
Freedom Finance Kazakhstan” JSC
|
Interim
condensed consolidated
|
|
financial
statements
|
|
30 June 2020
(unaudited)
|
31 December 2019
(unaudited)
|
||||
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Parent
|
Key manage-ment personnel
|
Other related parties
|
Cash
and cash equivalents
|
|
|
|
|
|
|
Maturity
|
–
|
–
|
–
|
–
|
–
|
–
|
Annual interest
rate in tenge
|
0.00%
|
–
|
–
|
0.00%
|
–
|
–
|
|
|
|
|
|
|
|
Loans
to customers
|
|
|
|
|
|
|
Maturity
|
–
|
2022
|
2020-2028
|
–
|
2022
|
2020-2028
|
Annual interest
rate in tenge
|
–
|
12.86%
|
13.31%
|
–
|
13.80%
|
13.90%
|
Amounts
due to customers
|
|
|
|
|
|
|
Maturity
|
–
|
2020-2023
|
2020-2023
|
–
|
2020-2022
|
2020-2021
|
Annual interest
rate in tenge
|
–
|
9.22%
|
5.22%
|
–
|
7.10%
|
6.00%
|
Annual interest
rate in USD/EUR
|
–
|
0.80%
|
0.37%
|
–
|
1.80%
|
0.40%
|
|
|
|
|
|
|
|
Subordinated
debt
|
|
|
|
|
|
|
Maturity
|
–
|
–
|
2033
|
–
|
–
|
2033
|
Annual interest
rate in tenge
|
–
|
–
|
8.00%
|
–
|
–
|
8.00%
|
|
For the three-month period ended
|
For the six-month period ended
|
||
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
30 June 2020
(unaudited)
|
30 June 2019
(unaudited)
|
Salaries and other
short-term benefits
|
32,776
|
169,325
|
105,535
|
239,081
|
Social security
contributions
|
3,042
|
11,990
|
6,251
|
14,719
|
Total
|
35,818
|
181,315
|
111,786
|
253,800
|