Annual report [Section 13 and 15(d), not S-K Item 405]

CUSTOMER LIABILITIES

v3.26.1
CUSTOMER LIABILITIES
 12 Months Ended
Mar. 31, 2026
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 March 31, 2026, and March 31, 2025, customer liabilities consisted of:
March 31, 2026 March 31, 2025
Amount Interest rate Amount Interest rate
Interest-bearing deposits:
Term deposits $ 2,522,760 
0.04% -19.4%
 $ 1,722,313 
0.05%-18.3%
Total Interest-bearing deposits $ 2,522,760  $ 1,722,313 
Non-interest-bearing accounts:
Brokerage customers $ 3,998,521  $ 2,167,111 
Customer accounts 582,703  415,575 
Total non-interest-bearing accounts
 $ 4,581,224  $ 2,582,686 
Total customer liabilities $ 7,103,984  $ 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 recurring 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 $42 for each customer. As at March 31, 2026 and March 31, 2025, respectively, the Group had total amounts in excess of insured bank term deposits of $819,475 and $669,753 for all customers.
As of March 31, 2026, and March 31, 2025, the Group had customer liabilities to a single non-related party that individually exceeded 10% of the Group’s total customer liabilities in the amount of $2,368,911 and $731,363, respectively.