Quarterly report [Sections 13 or 15(d)]

CUSTOMER LIABILITIES

v3.25.2
CUSTOMER LIABILITIES
 3 Months Ended
Jun. 30, 2025
Contract with Customer, Liability [Abstract]  
CUSTOMER LIABILITIES CUSTOMER LIABILITIES
The Group recognizes customer liabilities associated with deposit funds of its brokerage and bank customers. As of June 30, 2025, and March 31, 2025, customer liabilities consisted of:
June 30, 2025
March 31, 2025
Amount Interest Amount Interest
Interest bearing deposits:
Term deposits $ 1,751,952 
0.04% - 18%
 $ 1,722,313 
0.05% - 18.3%
Total interest bearing deposits $ 1,751,952  $ 1,722,313 
Non-interest-bearing deposits:
Brokerage customers $ 2,180,825  $ 2,167,111 
Customer accounts 513,970  415,575 
Total non-interest-bearing accounts $ 2,694,795  $ 2,582,686 
Total customer liabilities $ 4,446,747  $ 4,304,999 
In accordance with Kazakhstan law requirements, commercial banks conclude agreements with JSC Kazakhstan Deposit Insurance Fund ("KDIF"), under which banks are required to pay commissions to KDIF on a periodic basis, the amount of which depends on the term deposits and demand deposits received by banks from their customers. Under the agreement, KDIF insures the term deposits and demand deposits up to $38 for each customer. As at June 30, 2025, and March 31, 2025, respectively, the Group had total amounts in excess of insured bank term deposits of $681,658 and $669,753 for all customers.