Quarterly report pursuant to Section 13 or 15(d)

LOANS ISSUED (Tables)

v3.24.0.1
LOANS ISSUED (Tables)
 9 Months Ended
Dec. 31, 2023
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of December 31, 2023, consisted of the following:
Amount Outstanding Due Dates
Weighted Average Interest Rate
Fair Value of Collateral Loan Currency
Mortgage loans 693,167 
February, 2024 - December, 2048
 10.30% 692,016  KZT
Car loans 274,980 
January, 2024 - December, 2030
 23.70% 264,953  KZT
Uncollateralized bank customer loans 243,029 
January, 2024- December, 2043
 27.10% —  KZT
Right of claim for purchased retail loans 142,970 
January, 2024 - December, 2028
 15.00% 142,970  KZT
Collateralized bank customer loans 21,104 
January, 2024 - July, 2043
 20.97% 20,748  KZT
Subordinated loan 5,038  December, 2025 3.00% —  USD
Other 12,391 
January, 2024 - September, 2029
9.10%/3%/16%/2.4%
 24  UAH/USD/KZT/EUR
Allowance for loans issued (46,674)
Total loans issued $ 1,346,005 
Loans issued as of March 31, 2023, consisted of the following:
Amount Outstanding Due Dates
Weighted Average Interest Rate
Fair Value of Collateral Loan Currency
Mortgage loans $ 534,154  April, 2023 - March, 2048 9.00  % 534,154  KZT
Right of claims for purchased retail loans 121,177  January, 2023 - March, 2027 15.00  % 121,177  KZT
Car loans 102,269  April, 2023- April, 2030 25.00  % 102,247  KZT
Uncollateralized bank customer loans 46,970  January, 2023 - March, 2043 25.00  % —  KZT
Collateralized bank customer loans 17,653  May, 2023 - March, 2028 2.00  % 17,636  KZT/RUB
Subordinated loan 5,039  December, 2025 3.00  % —  USD
Loans to policyholders 1,488  June, 2023 - February, 2024 15.00  % 1,752  KZT
Other 300  March, 2024-September, 2029 2.00  % — EUR
Allowance for loans issued (2,792)
Total loans issued $ 826,258 
Financing Receivable Credit Quality Indicators
The table below presents the Group's loan portfolio by credit quality classification and origination year as of December 31, 2023. Current vintage disclosure is the requirement due to first adoption of ASC 326.
Term Loans by Origination Year
2024 2023 2022 2021 2020 Prior Revolving loans Total
Mortgage loans 192,157  459,089  41,921  —  —  —  —  693,167 
that are not credit impaired 192,021  457,138  41,687  —  —  —  —  690,846 
with significant increase in credit risk 108  1,333  138  —  —  —  —  1,579 
that are credit impaired 28  618  96  —  —  —  —  742 
Car loans 202,591  72,389  —  —  —  —  —  274,980 
that are not credit impaired 200,842  62,915  —  —  —  —  —  263,757 
with significant increase in credit risk 942  2,122  —  —  —  —  —  3,064 
that are credit impaired 807  7,352  —  —  —  —  —  8,159 
Uncollateralized bank customer loans 206,378  36,643  8  —  —  —  —  243,029 
that are not credit impaired 201,802  33,768  —  —  —  —  —  235,570 
with significant increase in credit risk 2,873  1,030  —  —  —  —  —  3,903 
that are credit impaired 1,703  1,845  8  —  —  —  —  3,556 
Right of claim for purchased retail loans 117,226  25,361  383  —  —  —  —  142,970 
that are not credit impaired 117,199  25,359  383  —  —  —  —  142,941 
with significant increase in credit risk 27  2  —  —  —  —  —  29 
that are credit impaired —  —  —  —  —  —  —  — 
Collateralized bank customer loans 20,760  344  —  —  —  —  —  21,104 
that are not credit impaired 20,657  344  —  —  —  —  —  21,001 
with significant increase in credit risk 40  —  —  —  —  —  —  40 
that are credit impaired 63  —  —  —  —  —  —  63 
Subordinated loan —  5,038  —  —  —  —  —  5,038 
that are not credit impaired —  5,038  —  —  —  —  —  5,038 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Other 8,078  1,337  —  —  2,976  —  —  12,391 
that are not credit impaired 1,290  116  —  —  —  —  —  1,406 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired 6,788  1,221  —  —  2,976  —  —  10,985 
Total 747,190  600,201  42,312  —  2,976  —  —  1,392,679 
The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2023.
March 31, 2023
That are not credit impaired With significant increase in credit risk That are credit impaired Total
Mortgage loans $ 532,621  $ 1,505  $ 28  $ 534,154 
Right of claim for purchased retail loans 121,055  122  —  121,177 
Car loans 102,269  —  —  102,269 
Uncollateralized Bank customer loans 46,882  81  7  46,970 
Collateralized Bank customer loans 17,653  —  —  17,653 
Subordinated loan 5,039  —  —  5,039 
Loans issued to policyholders 1,488  —  —  1,488 
Other 300  —  —  300 
Total loans $ 827,307  $ 1,708  $ 35  $ 829,050 
Financing Receivable, Past Due
Aging analysis of past due loans as of December 31, 2023 and March 31, 2023, is as follows:
December 31, 2023
Loans 30-59 Days past due Loans 60-89 days past due Loans 90 days or more past due and still accruing Current loans Total
Mortgage loans 1,151  428  742  690,846  693,167 
Car loans 1,862  1,202  8,159  263,757  274,980 
Uncollateralized bank customer loans 2,100  1,803  3,556  235,570  243,029 
Right of claim for purchased retail loans 29  —  —  142,941  142,970 
Collateralized bank customer loans 40  —  63  21,001  21,104 
Subordinated loan —  —  —  5,038  5,038 
Other —  —  10,985  1,406  12,391 
Total 5,182  3,433  23,505  1,360,559  1,392,679 
March 31, 2023
Loans 30-59 days past due Loans 60-89 days past due Loans 90 days or more past due and still accruing Current loans Total
Mortgage loans $ 1,265  $ 240  $ 28  $ 532,621  $ 534,154 
Right of claim for purchased retail loans 123  —  —  121,054  121,177 
Car loans —  —  —  102,269  102,269 
Uncollateralized Bank customer loans 73  8  7  46,882  46,970 
Collateralized Bank customer loans —  —  —  17,653  17,653 
Subordinated loan —  —  —  5,039  5,039 
Loans issued to policyholders —  —  —  1,488  1,488 
Other —  —  —  300  300 
Total $ 1,461  $ 248  $ 35  $ 827,306  $ 829,050 
Financing Receivable, Allowance for Credit Loss
The activity in the allowance for credit losses as of December 31, 2023 and December 31, 2022 is summarized in the following tables.
Allowance for credit losses
Mortgage loan Uncollateralized bank customer loans Collateralized bank customer loans Car loans Right of claim for purchased retail loans Other Total
March 31, 2023 $ (554) $ (233) $ —  $ (758) $ (1,247) $ —  $ (2,792)
Adjustment to allowance for adoption of ASU 2016-13 (2,216) (7,436) (35) (6,462) (9,046) —  (25,195)
Charges (1,760) (16,846) (84) (13,013) (10,493) (11,008) (53,204)
Recoveries 1,782  9,826  58  7,096  15,617  —  34,379 
Foreign currency translation difference
 17  16  1  17  87  —  138 
December 31, 2023
 (2,731) (14,673) (60) (13,120) (5,082) (11,008) (46,674)
Allowance for credit losses
Mortgage loan Uncollateralized bank customer loans Collateralized bank customer loans Car loans Right of claim for purchased retail loans Other Total
April 1, 2022 (305) (16) —  —  (1,308) —  (1,629)
Charges (2,816) (79) (15) (2,559) (11,301) —  (16,770)
Recoveries 709  23  8  36  3,295  —  4,071 
Foreign currency translation difference
 (80) (1) (1) (78) (223) —  (383)
December 31, 2022
 $ (2,492) $ (73) $ (8) $ (2,601) $ (9,537) $ —  $ (14,711)