Quarterly report pursuant to Section 13 or 15(d)

LOAN ISSUED (Tables)

v3.25.0.1
LOAN ISSUED (Tables)
 9 Months Ended
Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of December 31, 2024, consisted of the following:
Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
 
Mortgage loans $ 809,608   January 2025 - December 2049 11.1% $ 809,608   KZT
Uncollateralized bank customer loans 223,646   January 2025 - December 2044 27.7% —   KZT
Collateralized bank customer loans 170,574   January 2025 - July 2043 16.0% 125,656   KZT
Car loans 164,251   January 2025 - April 2032 24.1% 163,375   KZT
Right of claim for purchased retail loans 135,242   January 2025 - February 2030 15.0% 135,242   KZT
Subordinated loan 6,163  December 2025 3.0% —   USD
Other 1,372  January 2025 - September 2029
18.0%/16.5%
 27   KZT
Allowance for loans issued (56,597)
Total loans issued $ 1,454,259 
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 December 31, 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 $ 228,661  $ 185,989  $ 364,422  $ 30,536  $ —  $ —  $ —  $ 809,608 
that are not credit impaired 228,546  184,058  362,030  29,928  —  —  —  804,562 
with significant increase in credit risk 115  897  1,200  276  —  —  —  2,488 
that are credit impaired —  1,034  1,192  332  —  —  —  2,558 
Car loans 2,778  123,984  37,489  —  —  —  —  164,251 
that are not credit impaired 2,778  119,315  29,947  —  —  —  —  152,040 
with significant increase in credit risk —  1,271  569  —  —  —  —  1,840 
that are credit impaired —  3,398  6,973  —  —  —  —  10,371 
Uncollateralized bank customer loans 77,127  126,817  19,702  —  —  —  —  223,646 
that are not credit impaired 76,217  113,674  17,277  —  —  —  —  207,168 
with significant increase in credit risk 488  4,098  666  —  —  —  —  5,252 
that are credit impaired 422  9,045  1,759  —  —  —  —  11,226 
Right of claim for purchased retail loans 92,412  40,147  2,667  16  —  —  —  135,242 
that are not credit impaired 92,412  40,147  2,667  16  —  —  —  135,242 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Collateralized bank customer loans 161,626  8,793  155  —  —  —  —  170,574 
that are not credit impaired 161,591  8,627  155  —  —  —  —  170,373 
with significant increase in credit risk 35  47  —  —  —  —  —  82 
that are credit impaired —  119  —  —  —  —  —  119 
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 —  1,193  129  50  —  —  —  1,372 
that are not credit impaired —  1,185  129  50  —  —  —  1,364 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  8  —  —  —  —  —  8 
Total $ 562,604  $ 486,923  $ 430,727  $ 30,602  $ —  $ —  $ —  $ 1,510,856 
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 December 31, 2024 and March 31, 2024, is as follows:
December 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 $ 1,515  $ 973  $ 2,558  $ 804,562  $ 809,608 
Car loans 1,151  689  10,371  152,040  164,251 
Uncollateralized bank customer loans 2,802  2,450  11,226  207,168  223,646 
Right of claim for purchased retail loans —  —  —  135,242  135,242 
Collateralized bank customer loans 50  32  119  170,373  170,574 
Subordinated loan —  —  —  6,163  6,163 
Other —  —  8  1,364  1,372 
Total $ 5,518  $ 4,144  $ 24,282  $ 1,476,912  $ 1,510,856 
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 December 31, 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 (6,258) (28,099) (3,437) (4,086) (9,335) (22) (51,237)
Recoveries 1,089  5,257  53  5,506  5,216  —  17,121 
Write off —  12,838  4  2,713  —  32  15,587 
Forex 560  2,852  153  1,927  59  —  5,551 
December 31, 2024
 $ (7,642) $ (26,788) $ (3,307) $ (8,202) $ (10,637) $ (21) $ (56,597)
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 
Forex 17  16  1  17  87  —  138 
December 31, 2023
 $ (2,731) $ (14,673) $ (60) $ (13,120) $ (5,082) $ (11,008) $ (46,674)