Transactions with Related Parties

12 Months Ended

Dec. 31, 2023

Related party transactions [abstract]

Transactions with Related Parties

23.Transactions with related parties

In considering each possible related party relationship, attention is directed to the substance of the relationship, and not merely the legal form. The Group had the following transactions outstanding with related parties:

	2022						2023
	Transactions with related parties			Total category as per financial statements captions			Transactions with related parties			Total category as per financial statements captions
Consolidated statements of financial position
Loans to customers		3,057			3,369,512			2,435			4,478,489
- entities controlled by the key management personnel of    the Group		-						2,435
- other related parties		3,057						-
Allowance for impairment losses on loans to customers		(7	)		(214,702	)		(2	)		(242,532	)
- entities controlled by the key management personnel of    the Group		-						(2	)
- other related parties		(7	)					-
Other assets		20			74,780			1,196			135,598
- entities controlled by the key management personnel of    the Group		3						1,196
- other related parties		17						-
Customer accounts		16,442			4,000,690			15,259			5,441,456
- entities controlled by the key management personnel of    the Group		5,462						9,526
- key management personnel of the Group		478						5,662
- other related parties		10,502						71
Other liabilities		1,339			70,850			5,050			115,272
- entities controlled by the key management personnel of    the Group		198						5,004
- key management personnel of the Group		-						46
- other related parties		1,141						-

	2021						2022						2023
	Transactions with related parties			Total category as per financial statements caption			Transactions with related parties			Total category as per financial statements caption			Transactions with related parties			Total category as per financial statements caption
Consolidated Statements of    Profit or Loss
Net fee revenue		-			467,493			-			679,782			4,161			987,967
- entities controlled by the key    management personnel of    the Group		-						-						4,008
- key management personnel    of the Group		-						-						153
Interest revenue		362			422,075			314			574,426			259			833,516
- other related parties		362						314						259			6
Other gains (losses)		-			(4,746	)		-			16,384			2			23,200
- entities controlled by the key    management personnel of    the Group		-						-						2
COSTS AND OPERATING    EXPENSES
Interest expense		(166	)		(171,491	)		(403	)		(278,676	)		(544	)		(478,010	)
- entities controlled by the key    management personnel of    the Group		(6	)					(176	)					(507	)
- key management personnel    of the Group		(22	)					(19	)					(34	)
- other related parties		(138	)					(208	)					(3	)
Transaction expenses		-			(16,542	)		-			(22,188	)		(137	)		(27,470	)
- entities controlled by the key    management personnel of    the Group		-						-						(137	)
Cost of goods and services		-			(56,829	)		-			(82,747	)		(5,129	)		(166,356	)
- entities controlled by the key    management personnel of    the Group		-						-						(5,129	)

During the years ended 31 December 2021, 2022 and 2023, transaction expenses attributable to loans to customers and paid to entities controlled by the key management personnel of the Group, were KZT 10,981 million, KZT 4,862 million and KZT 5,748 million, respectively.

Up until its acquisition in October 2023, Kolesa Group was an entity controlled by the key management personnel of the Group and was a party to an agreement, under which we were paying fees to Kolesa Group for car loans generated on Kolesa’s car classifieds platform, which are presented as transaction expenses attributable to loans to customers in the table above.

For the years ended 31 December 2022 and 2023, the total value of goods purchased from entities controlled by the key management personnel was KZT Nil and KZT 4,310 million, respectively, from which KZT Nil and KZT 3,906 million, respectively, recognised in cost of goods and services.

For the year ended 31 December 2023, the Group acquired from entities controlled by the key management personnel a commercial property for KZT 4,779 million and a land plot for KZT 1,665 million.

Compensation to directors and other members of key management is presented as follows:

	2021						2022						2023
	Transactions with related parties			Total category as per financial statements caption			Transactions with related parties			Total category as per financial statements caption			Transactions with related parties			Total category as per financial statements caption
Employee benefits		(782	)		(58,285	)		(800	)		(68,509	)		(535	)		(86,326	)
Share-based compensation		(11,381	)		(20,057	)		(7,298	)		(19,984	)		(4,815	)		(20,859	)