Annual report pursuant to Section 13 and 15(d)

LOAN ISSUED (Tables)

v3.24.1.1.u2
LOAN ISSUED (Tables)
 12 Months Ended
Mar. 31, 2024
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of March 31, 2024, consisted of the following:
Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
 
Mortgage loans $ 741,312 
April, 2024 - March, 2049
 10.3% $ 740,462  KZT
Car loans 262,708 
April, 2024 - March, 2031
 23.9% 259,755  KZT
Uncollateralized bank customer loans 245,188 
April, 2024 - March, 2044
 27.4% —  KZT
Right of claim for purchased retail loans 146,152 
April, 2024 - March, 2029
 15.0% 146,152  KZT
Collateralized bank customer loans 22,299 
June, 2024 - July, 2043
 19.1% 22,270  KZT
Subordinated loan 5,037 
December, 2025
 3.0% —  USD
Other 2,638 
April, 2024 - January, 2029
18.6%/15.0%/2.5%
 18 
KZT/USD/EUR
Allowance for loans issued (43,619)
Total loans issued $ 1,381,715 
Loans issued as of March 31, 2023, consisted of the following:
  Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
Mortgage loans
 $ 534,154  April, 2023 - March, 2048 9.0% 534,154  KZT
Right of claims for purchased retail loans 121,177  April, 2023 - March, 2027 15.0% 121,177  KZT
Car loans 102,269  April, 2023 - April, 2030 25.0% 102,247  KZT
Uncollateralized bank customer loans 46,970  April, 2023 - March, 2043 25.0% —  KZT
Collateralized bank customer loans
 17,653  May, 2023 - March, 2028 2.0% 17,636  KZT/RUB
Subordinated loan 5,039  December, 2025 3.0% —  USD
Loans issued to policyholders 1,488  June, 2023 - February, 2024 15.0% 1,752  KZT
Other 300  March, 2024 - September, 2029 2.0% —  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 March 31, 2024. 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 $ 241,848  $ 458,401  $ 41,063  $ —  $ —  $ —  $ —  $ 741,312 
that are not credit impaired 240,974  454,933  40,784  —  —  —  —  736,691 
with significant increase in credit risk 676  2,415  111  —  —  —  —  3,202 
that are credit impaired 198  1,053  168  —  —  —  —  1,419 
Car loans 196,305  66,403  —  —  —  —  —  262,708 
that are not credit impaired 193,302  55,427  —  —  —  —  —  248,729 
with significant increase in credit risk 1,590  2,232  —  —  —  —  —  3,822 
that are credit impaired 1,413  8,744  —  —  —  —  —  10,157 
Uncollateralized bank customer loans 210,612  34,568  8  —  —  —  —  245,188 
that are not credit impaired 200,211  30,337  —  —  —  —  —  230,548 
with significant increase in credit risk 4,715  1,072  —  —  —  —  —  5,787 
that are credit impaired 5,686  3,159  8  —  —  —  —  8,853 
Right of claim for purchased retail loans 130,291  15,694  167  —  —  —  —  146,152 
that are not credit impaired 130,291  15,694  167  —  —  —  —  146,152 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Collateralized bank customer loans 21,972  327  —  —  —  —  —  22,299 
that are not credit impaired 21,796  327  —  —  —  —  —  22,123 
with significant increase in credit risk 89  —  —  —  —  —  —  89 
that are credit impaired 87  —  —  —  —  —  —  87 
Subordinated loan —  5,037  —  —  —  —  —  5,037 
that are not credit impaired —  5,037  —  —  —  —  —  5,037 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Other 2,404  165  69  —  —  —  —  2,638 
that are not credit impaired 2,395  165  69  —  —  —  —  2,629 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired 9  —  —  —  —  —  —  9 
Total $ 803,432  $ 580,595  $ 41,307  $ —  $ —  $ —  $ —  $ 1,425,334 
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 March 31, 2024 and March 31, 2023, is as follows:
March 31, 2024
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 $ 2,133  $ 1,069  $ 1,419  $ 736,691  $ 741,312 
Car loans 2,167  1,655  10,157  248,729  262,708 
Uncollateralized bank customer loans 3,576  2,211  8,853  230,548  245,188 
Right of claim for purchased retail loans —  —  —  146,152  146,152 
Collateralized bank customer loans —  89  87  22,123  22,299 
Subordinated loan —  —  —  5,037  5,037 
Other —  —  9  2,629  2,638 
Total $ 7,876  $ 5,024  $ 20,525  $ 1,391,909  $ 1,425,334 
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 claims 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 March 31, 2024 and March 31, 2023 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 (2,361) (22,464) (115) (15,014) (13,334) (31) (53,319)
Recoveries 2,132  10,795  71  8,181  17,095  —  38,274 
Forex (34) (298) (1) (209) (45) —  (587)
March 31, 2024
 $ (3,033) $ (19,636) $ (80) $ (14,262) $ (6,577) $ (31) $ (43,619)
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 (3,616) (3,450) (39) (5,187) (16,778) —  (29,070)
Recoveries 3,381  3,238  39  4,443  16,878  —  27,979 
Forex (14) (5) —  (14) (39) —  (72)
March 31, 2023
 $ (554) $ (233) $ —  $ (758) $ (1,247) $ —  $ (2,792)