Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING - Income Statement (Details)

v3.22.1
SEGMENT REPORTING - Income Statement (Details) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2020
Segment Reporting Information [Line Items]      
Fee and commission income $ 431,938 $ 271,939 $ 92,668
Net gain on trading securities 77,671 46,186 14,923
Interest income 91,801 30,873 12,134
Net (loss)/gain on foreign exchange operations (37,693) 3,428 2,315
Net gain/(loss) on derivatives 946 125 (138)
TOTAL REVENUE, NET 564,663 352,551 121,902
Interest expense 75,899 27,366 12,399
Fee and commission expense 81,231 73,100 21,936
Operating expense 161,593 77,434 59,990
Provision for impairment losses/(recoveries) 2,985 1,561 (1,164)
Other expense/(income), net 6,061 68 609
TOTAL EXPENSE 327,769 179,529 93,770
NET INCOME BEFORE INCOME TAX 236,894 173,022 28,132
Income tax expense (25,525) (30,098) (6,002)
NET INCOME 211,369 142,924 22,130
Central Asia      
Segment Reporting Information [Line Items]      
Fee and commission income 25,253 17,088 2,689
Net gain on trading securities 11,604 18,414 8,121
Interest income 74,251 18,465 7,932
Net (loss)/gain on foreign exchange operations 6,012 1,669 479
Net gain/(loss) on derivatives 947 86 0
TOTAL REVENUE, NET 118,067 55,722 19,221
Interest expense 54,894 12,770 8,889
Fee and commission expense 7,945 1,211 750
Operating expense 46,807 19,677 18,262
Provision for impairment losses/(recoveries) 2,180 1,013 (1,254)
Other expense/(income), net 490 (39) 280
TOTAL EXPENSE 112,316 34,632 26,927
NET INCOME BEFORE INCOME TAX 5,751 21,090 (7,706)
Income tax expense 1,237 56 (15)
NET INCOME 6,988 21,146 (7,721)
Russia      
Segment Reporting Information [Line Items]      
Fee and commission income 82,330 52,746 26,402
Net gain on trading securities (58,717) 20,275 6,591
Interest income 15,811 11,221 3,744
Net (loss)/gain on foreign exchange operations (39,672) 2,274 2,065
Net gain/(loss) on derivatives (1) 39 (138)
TOTAL REVENUE, NET (249) 86,555 38,664
Interest expense 10,450 8,760 2,843
Fee and commission expense 7,988 7,156 2,400
Operating expense 73,030 41,978 34,307
Provision for impairment losses/(recoveries) 745 45 90
Other expense/(income), net 4,748 125 348
TOTAL EXPENSE 96,961 58,064 39,988
NET INCOME BEFORE INCOME TAX (97,210) 28,491 (1,324)
Income tax expense 13,003 (6,582) (1,070)
NET INCOME (84,207) 21,909 (2,394)
US      
Segment Reporting Information [Line Items]      
Fee and commission income 4,545 1,130 0
Net gain on trading securities 2,546 7,489 (46)
Interest income 483 682 198
Net (loss)/gain on foreign exchange operations 1,565 (215) 84
Net gain/(loss) on derivatives 0 0 0
TOTAL REVENUE, NET 9,139 9,086 236
Interest expense 1,808 2,173 324
Fee and commission expense 780 246 186
Operating expense 13,727 4,843 3,921
Provision for impairment losses/(recoveries) 0 395 0
Other expense/(income), net 819 (15) (8)
TOTAL EXPENSE 17,134 7,642 4,423
NET INCOME BEFORE INCOME TAX (7,995) 1,444 (4,187)
Income tax expense (12,989) (9,559) (450)
NET INCOME (20,984) (8,115) (4,637)
Europe      
Segment Reporting Information [Line Items]      
Fee and commission income 319,810 200,975 63,577
Net gain on trading securities 122,238 8 257
Interest income 1,256 505 260
Net (loss)/gain on foreign exchange operations (5,598) (300) (313)
Net gain/(loss) on derivatives 0 0 0
TOTAL REVENUE, NET 437,706 201,188 63,781
Interest expense 8,747 3,663 343
Fee and commission expense 64,518 64,487 18,600
Operating expense 27,746 10,921 3,500
Provision for impairment losses/(recoveries) 60 108 0
Other expense/(income), net 7 (3) (11)
TOTAL EXPENSE 101,078 79,176 22,432
NET INCOME BEFORE INCOME TAX 336,628 122,012 41,349
Income tax expense (26,785) (14,013) (4,467)
NET INCOME 309,843 107,999 36,882
Middle East Caucasus      
Segment Reporting Information [Line Items]      
Fee and commission income 0 0 0
Net gain on trading securities 0 0 0
Interest income 0 0 0
Net (loss)/gain on foreign exchange operations 0 0 0
Net gain/(loss) on derivatives 0 0 0
TOTAL REVENUE, NET 0 0 0
Interest expense 0 0 0
Fee and commission expense 0 0 0
Operating expense 283 15 0
Provision for impairment losses/(recoveries) 0 0 0
Other expense/(income), net (3) 0 0
TOTAL EXPENSE 280 15 0
NET INCOME BEFORE INCOME TAX (280) (15) 0
Income tax expense 9 0 0
NET INCOME $ (271) $ (15) $ 0