Quarterly report [Sections 13 or 15(d)]

LOAN ISSUED (Tables)

v3.25.3
LOAN ISSUED (Tables)
 6 Months Ended
Sep. 30, 2025
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of September 30, 2025, consisted of the following:
Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
 
Mortgage loans $ 961,474   October 2025 - May 2051 12.0% $ 961,381  KZT
Corporate loans 243,036  October 2025 - September 2035 17.1% 185,550  KZT
Right of claim for purchased retail loans 234,754  October 2025 - May 2031 15.0% 234,754  KZT
Loans to SME 226,714   October 2025 - June 2032 29.5% 30,484  KZT
Car loans 147,884   October 2025 - September 2032 24.2% 145,926  KZT
Retail loans 9,652  October 2025 - July 2045 29.4% 1,154 
KZT
Other 9,066   October 2025 - May 2030
3.0%/ 18.0%
 15 
USD/KZT//EUR
Allowance for loans issued (82,005)
Total loans issued $ 1,750,575 
Loans issued as of March 31, 2025, consisted of the following:
Amount Outstanding Due Dates Average Interest Rate Fair Value of
Collateral		 Loan Currency
 
Mortgage loans $ 924,530  April 2025 - March 2050 11.4% $ 924,386  KZT
Loans to SME 244,217 
April 2025 - February 2032
 28.6% 35,141  KZT
Right of claim for purchased retail loans 183,635  April 2025 - March 2030 15.0% 183,635  KZT
Car loans 156,340  April 2025 - April 2032 24.2% 155,320  KZT
Corporate loans 149,143 
April 2025 - December 2031
 19.1% 92,739  KZT
Retail loans 4,847  September 2025 - March 2045 21.2% 663  KZT
Other 7,838  April 2025 - September 2029
18.0%/12.70%/3.00%
 29 
KZT/EUR/USD
Allowance for loans issued (75,115)
Total loans issued $ 1,595,435 
Schedule of 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, 2025. Current vintage disclosure is the requirement due to first adoption of ASC 326.
Term Loans by Origination Fiscal Year
2026 2025 2024 2023 2022 Prior Revolving loans Total
Mortgage loans $ 161,750  $ 288,978  $ 160,218  $ 324,647  $ 25,881  $ —  $ —  $ 961,474 
that are not credit impaired 161,413  286,687  157,380  322,008  25,579  —  —  953,067 
with significant increase in credit risk 301  1,165  1,547  1,174  232  —  —  4,419 
that are credit impaired 36  1,126  1,291  1,465  70  —  —  3,988 
Loans to SME 44,384  71,826  96,093  14,411  —  —  —  226,714 
that are not credit impaired 43,347  65,538  74,036  10,558  —  —  —  193,479 
with significant increase in credit risk 670  1,502  3,026  441  —  —  —  5,639 
that are credit impaired 367  4,786  19,031  3,412  —  —  —  27,596 
Right of claim for purchased retail loans 133,129  86,820  14,174  628  3  —  —  234,754 
that are not credit impaired 133,129  86,820  14,174  628  3  —  —  234,754 
Corporate loans 178,193  64,748  95  —  —  —  —  243,036 
that are not credit impaired 177,836  —  64,345  —  95  —  —  —  —  —  242,276 
with significant increase in credit risk 292  113  —  —  —  —  —  405 
that are credit impaired 65  290  —  —  —  —  —  355 
Car loans 34,763  4,369  84,849  23,903  —  —  —  147,884 
that are not credit impaired 34,680  4,339  79,140  17,068  —  —  —  135,227 
with significant increase in credit risk 83  30  1,094  532  —  —  —  1,739 
that are credit impaired —  —  4,615  6,303  —  —  —  10,918 
Retail loans 5,650  3,055  883  64  —  —  —  9,652 
that are not credit impaired 5,477  2,801  715  62  —  —  —  9,055 
with significant increase in credit risk 159  96  16  —  —  —  —  271 
that are credit impaired 14  158  152  2  —  —  —  326 
Other 162  310  2,169  6,388  37  —  —  9,066 
that are not credit impaired 162  310  2,162  6,388  37  —  —  9,059 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  7  —  —  —  —  7 
Total $ 558,031  $ 520,106  $ 358,481  $ 370,041  $ 25,921  $ —  $ —  $ 1,832,580 
The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2025.
Term Loans by Origination Fiscal Year
2025 2024 2023 2022 2021 Prior Revolving loans Total
Mortgage loans $ 336,535  $ 186,816  $ 370,588  $ 30,591  $ —  $ —  $ —  $ 924,530 
that are not credit impaired 336,051  184,610  367,918  29,876  —  —  —  918,455 
with significant increase in credit risk 410  1,361  1,402  340  —  —  —  3,513 
that are credit impaired 74  845  1,268  375  —  —  —  2,562 
Loans to SME 98,556  126,835  18,826  —  —  —  —  244,217 
that are not credit impaired 96,338  109,461  15,647  —  —  —  —  221,446 
with significant increase in credit risk 1,185  3,612  663  —  —  —  —  5,460 
that are credit impaired 1,033  13,762  2,516  —  —  —  —  17,311 
Right of claim for purchased retail loans 151,237  30,702  1,688  8  —  —  —  183,635 
that are not credit impaired 151,237  30,702  1,688  8  —  —  —  183,635 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  —  —  —  —  —  —  — 
Car loans 5,974  116,459  33,907  —  —  —  —  156,340 
that are not credit impaired 5,974  110,871  26,014  —  —  —  —  142,859 
with significant increase in credit risk —  1,603  837  —  —  —  —  2,440 
that are credit impaired —  3,985  7,056  —  —  —  —  11,041 
Corporate loans 148,599  470  74  —  —  —  —  149,143 
that are not credit impaired 146,785  470  74  —  —  —  —  147,329 
with significant increase in credit risk 1,813  —  —  —  —  —  —  1,813 
that are credit impaired 1  —  —  —  —  —  —  1 
Retail loans 3,774  1,066  7  —  —  —  —  4,847 
that are not credit impaired 3,682  887  5  —  —  —  —  4,574 
with significant increase in credit risk 34  18  —  —  —  —  —  52 
that are credit impaired 58  161  2  —  —  —  —  221 
Other 232  1,237  6,323  46  —  —  —  7,838 
that are not credit impaired 232  1,229  6,323  46  —  —  —  7,830 
with significant increase in credit risk —  —  —  —  —  —  —  — 
that are credit impaired —  8  —  —  —  —  —  8 
Total $ 744,907  $ 463,585  $ 431,413  $ 30,645  $ —  $ —  $ —  $ 1,670,550 
Schedule of Financing Receivable, Past Due
Aging analysis of past due loans as of September 30, 2025 and March 31, 2025, is as follows:
September 30, 2025
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 $ 2,787  $ 1,632  $ 3,988  $ 953,067  $ 961,474 
Loans to SME 2,911  2,728  27,596  193,479  226,714 
Right of claim for purchased retail loans —  —  —  234,754  234,754 
Corporate loans 312  93  355  242,276  243,036 
Car loans 1,007  732  10,918  135,227  147,884 
Retail loans 207  64  326  9,055  9,652 
Other —  —  8  9,058  9,066 
Total $ 7,224  $ 5,249  $ 43,191  $ 1,776,916  $ 1,832,580 
March 31, 2025
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 $ 2,835  $ 678  $ 2,562  $ 918,455  $ 924,530 
Loans to SME 3,325  2,135  17,311  221,446  244,217 
Right of claim for purchased retail loans —  —  —  183,635  183,635 
Car loans 1,548  892  11,041  142,859  156,340 
Corporate loans 730  1,083  1  147,329  149,143 
Retail loans 36  16  221  4,574  4,847 
Other —  —  8  7,830  7,838 
Total $ 8,474  $ 4,804  $ 31,144  $ 1,626,128  $ 1,670,550 
Schedule of Financing Receivable, Allowance for Credit Loss
The activity in the allowance for credit losses for the six months ended September 30, 2025 and 2024 is summarized in the following tables.
Allowance for credit losses
Mortgage loan Loans to SME Corporate loans Retail loans Car loans Right of claim for purchased retail loans Other Total
March 31, 2025
 (10,698) (35,194) (2,640) (760) (8,466) (17,332) (25) $ (75,115)
Charges (2,457) (17,376) (2,077) (1,049) (2,643) (19,555) (5) (45,162)
Recoveries
 10,033  5,427  2,705  225  1,976  11,214  —  31,580 
Write off 3  —  —  —  —  —  —  3 
Forex 542  3,377  187  97  717  1,769  —  6,689 
September 30, 2025
 $ (2,577) $ (43,766) $ (1,825) $ (1,487) $ (8,416) $ (23,904) $ (30) $ (82,005)
Allowance for credit losses
Mortgage loan Loans to SME Corporate loans Retail loans Car loans Right of claim for purchased retail loans Other Total
March 31, 2024 (3,034) (19,558) (10) (150) (14,260) (6,575) (31) $ (43,618)
Charges (1,942) (14,386) (225) (244) (2,687) (4,432) (27) (23,943)
Recoveries 780  4,525  17  47  5,193  4,534  —  15,096 
Write off —  43  —  4  260  —  30  337 
Forex 261  1,768  9  18  916  466  —  3,438 
September 30, 2024 $ (3,935) $ (27,608) $ (209) $ (325) $ (10,578) $ (6,007) $ (28) $ (48,690)