Quarterly report pursuant to Section 13 or 15(d)

LOAN ISSUED (Tables)

v3.24.3
LOAN ISSUED (Tables)
 6 Months Ended
Sep. 30, 2024
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of September 30, 2024, consisted of the following:
Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
 
Mortgage loans $ 766,949  October 2024 - September 2049 10.5% $ 766,949  KZT
Car loans 201,429  October 2024 - April 2032 24.1% 198,418  KZT
Uncollateralized bank customer loans 231,863  October 2024 - September 2044 27.6% —  KZT
Right of claim for purchased retail loans 138,092  October 2024 - February 2030 15.0% 138,092  KZT
Collateralized bank customer loans 71,106  October 2024 - July 2043 16.9% 66,603  KZT
Subordinated loan 6,163  December 2025 3.0% —  USD
Other 1,744  October 2024 - September 2029
18.1%/4.5%
 26  KZT/EUR
Allowance for loans issued (48,690)
Total loans issued $ 1,368,656 
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 
Financing Receivable Credit Quality Indicators
The table below presents the Group's loan portfolio by credit quality classification and origination year as of September 30, 2024. Current vintage disclosure is the requirement due to first adoption of ASC 326.
Term Loans by Origination Fiscal Year
2025 2024 2023 2022 2021 Prior Revolving loans Total
Mortgage loans $ 112,527  $ 211,478  $ 407,953  $ 34,991  $ —  $ —  $ —  $ 766,949 
that are not credit impaired 112,527  209,358  404,368  34,418  —  —  —  760,671 
with significant increase in credit risk —  1,394  2,121  427  —  —  —  3,942 
that are credit impaired —  726  1,464  146  —  —  —  2,336 
Car loans 1,772  150,666  48,991  —  —  —  —  201,429 
that are not credit impaired 1,772  145,830  37,587  —  —  —  —  185,189 
with significant increase in credit risk —  1,574  1,422  —  —  —  —  2,996 
that are credit impaired —  3,262  9,982  —  —  —  —  13,244 
Uncollateralized bank customer loans 39,831  164,352  27,673  7  —  —  —  231,863 
that are not credit impaired 39,417  143,278  21,715  —  —  —  —  204,410 
with significant increase in credit risk 290  6,168  1,115  —  —  —  —  7,573 
that are credit impaired 124  14,906  4,843  7  —  —  —  19,880 
Right of claim for purchased retail loans 73,288  59,489  5,264  51  —  —  —  138,092 
that are not credit impaired 73,288  59,489  5,264  51  138,092 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Collateralized bank customer loans 55,810  15,105  191  —  —  —  —  71,106 
that are not credit impaired 55,810  14,978  191  —  —  —  —  70,979 
with significant increase in credit risk —  32  —  —  —  —  —  32 
that are credit impaired —  95  —  —  —  —  —  95 
Subordinated loan —  —  6,163  —  —  —  —  6,163 
that are not credit impaired —  —  6,163  —  —  —  —  6,163 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Other 225  1,309  150  60  —  —  —  1,744 
that are not credit impaired 225  1,301  150  60  —  —  —  1,736 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  8  —  —  —  —  —  8 
Total $ 283,453  $ 602,399  $ 496,385  $ 35,109  $ —  $ —  $ —  $ 1,417,346 
The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2024.
Term Loans by Origination Fiscal 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 
Financing Receivable, Past Due
Aging analysis of past due loans as of September 30, 2024 and March 31, 2024, is as follows:
September 30, 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 $ 2,602  $ 1,340  $ 2,336  $ 760,671  $ 766,949 
Car loans 2,088  908  13,244  185,189  201,429 
Uncollateralized bank customer loans 4,397  3,176  19,880  204,410  231,863 
Right of claim for purchased retail loans —  —  —  138,092  138,092 
Collateralized bank customer loans —  32  95  70,979  71,106 
Subordinated loan —  —  —  6,163  6,163 
Other —  —  8  1,736  1,744 
Total $ 9,087  $ 5,456  $ 35,563  $ 1,367,240  $ 1,417,346 
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 
Financing Receivable, Allowance for Credit Loss
The activity in the allowance for credit losses for the three months ended September 30, 2024 and 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, 2024
 $ (3,033) $ (19,636) $ (80) $ (14,262) $ (6,577) $ (31) $ (43,619)
Charges (1,927) (14,416) (383) (2,699) (4,387) (27) (23,839)
Recoveries 775  4,653  28  5,278  4,610  —  15,344 
Write off —  42  4  258  —  30  334 
Forex 252  1,635  14  844  345  —  3,090 
September 30, 2024
 $ (3,933) $ (27,722) $ (417) $ (10,581) $ (6,009) $ (28) $ (48,690)
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 (665) (13,482) (71) (8,851) (11,073) (3,283) (37,425)
Recoveries 1,599  6,384  36  2,558  7,746  —  18,323 
Forex 91  739  4  637  657  —  2,128 
September 30, 2023
 $ (1,745) $ (14,028) $ (66) $ (12,876) $ (12,963) $ (3,283) $ (44,961)