Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING - Results by segment (Details)

v3.22.2
SEGMENT REPORTING - Results by segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting Information [Line Items]    
Fee and commission income $ 131,641 $ 97,383
Net gain/(loss) on trading securities 15,582 10,741
Net realized loss on investments available for sale (593) (31)
Interest income 49,453 24,662
Income from insurance activity 24,241 14,076
Net gain/(loss) on foreign exchange operations 5,019 (1,024)
Net gain on derivative 1,265 (60)
TOTAL REVENUE, NET 226,608 145,747
Fee and commission expense 25,241 23,260
Interest expense 45,829 16,495
Insurance claims incurred, net of reinsurance 16,692 11,296
Operating expense 65,467 33,244
Provision for impairment losses/(recoveries) 2,798 293
Other expense/(income), net 527 (125)
TOTAL EXPENSE 155,500 84,713
NET INCOME BEFORE INCOME TAX 71,108 61,034
Income tax (expense)/benefit (12,035) (5,664)
NET INCOME 59,073 55,370
Central Asia    
Segment Reporting Information [Line Items]    
Fee and commission income 9,192 6,342
Net gain/(loss) on trading securities 21,589 8,942
Net realized loss on investments available for sale (593) (31)
Interest income 38,910 20,829
Income from insurance activity 24,241 14,076
Net gain/(loss) on foreign exchange operations 4,268 1,470
Net gain on derivative 1,265 (59)
TOTAL REVENUE, NET 98,872 51,569
Fee and commission expense 10,714 2,532
Interest expense 31,968 12,268
Insurance claims incurred, net of reinsurance 16,692 11,296
Operating expense 20,766 11,128
Provision for impairment losses/(recoveries) 2,431 255
Other expense/(income), net 496 (47)
TOTAL EXPENSE 82,075 37,526
NET INCOME BEFORE INCOME TAX 16,797 14,043
Income tax (expense)/benefit (61) (114)
NET INCOME 16,736 13,929
Europe    
Segment Reporting Information [Line Items]    
Fee and commission income 84,034 71,991
Net gain/(loss) on trading securities (15,424) 42
Net realized loss on investments available for sale 0 0
Interest income 297 261
Income from insurance activity 0
Net gain/(loss) on foreign exchange operations 569 (226)
Net gain on derivative 0 0
TOTAL REVENUE, NET 69,476 72,068
Fee and commission expense 12,427 18,480
Interest expense 2,696 1,698
Insurance claims incurred, net of reinsurance 0 0
Operating expense 11,565 4,792
Provision for impairment losses/(recoveries) 0 12
Other expense/(income), net (2) (3)
TOTAL EXPENSE 26,690 24,985
NET INCOME BEFORE INCOME TAX 42,786 47,083
Income tax (expense)/benefit (7,223) (5,862)
NET INCOME 35,563 41,221
U.S.    
Segment Reporting Information [Line Items]    
Fee and commission income 1,134 969
Net gain/(loss) on trading securities (1,731) (302)
Net realized loss on investments available for sale 0 0
Interest income 4,442 47
Income from insurance activity 0
Net gain/(loss) on foreign exchange operations (234) (36)
Net gain on derivative 0 0
TOTAL REVENUE, NET 3,611 678
Fee and commission expense 153 182
Interest expense 5,407 280
Insurance claims incurred, net of reinsurance 0 0
Operating expense 5,267 4,857
Provision for impairment losses/(recoveries) (3) 0
Other expense/(income), net 6 0
TOTAL EXPENSE 10,818 5,319
NET INCOME BEFORE INCOME TAX (7,207) (4,641)
Income tax (expense)/benefit (1,605) 849
NET INCOME (8,812) (3,792)
Russia    
Segment Reporting Information [Line Items]    
Fee and commission income 37,281 18,081
Net gain/(loss) on trading securities 11,148 2,059
Net realized loss on investments available for sale 0 0
Interest income 5,804 3,525
Income from insurance activity 0
Net gain/(loss) on foreign exchange operations 426 (2,232)
Net gain on derivative 0 (1)
TOTAL REVENUE, NET 54,659 21,432
Fee and commission expense 1,926 2,066
Interest expense 5,758 2,249
Insurance claims incurred, net of reinsurance 0 0
Operating expense 27,469 12,432
Provision for impairment losses/(recoveries) 370 26
Other expense/(income), net (30) (75)
TOTAL EXPENSE 35,553 16,848
NET INCOME BEFORE INCOME TAX 19,106 4,584
Income tax (expense)/benefit (3,156) (537)
NET INCOME 15,950 4,047
Middle East/Caucasus    
Segment Reporting Information [Line Items]    
Fee and commission income 0 0
Net gain/(loss) on trading securities 0 0
Net realized loss on investments available for sale 0 0
Interest income 0 0
Income from insurance activity 0 0
Net gain/(loss) on foreign exchange operations (10) 0
Net gain on derivative 0 0
TOTAL REVENUE, NET (10) 0
Fee and commission expense 21 0
Interest expense 0 0
Insurance claims incurred, net of reinsurance 0 0
Operating expense 400 35
Provision for impairment losses/(recoveries) 0 0
Other expense/(income), net 57 0
TOTAL EXPENSE 364 35
NET INCOME BEFORE INCOME TAX (374) (35)
Income tax (expense)/benefit 10 0
NET INCOME $ (364) $ (35)