LOAN ISSUED (Tables)

3 Months Ended

Jun. 30, 2023

Loans and Leases Receivable Disclosure [Abstract]

Loans issued as of June 30, 2023, consisted of the following:


	Amount Outstanding		Due Dates	Average Interest Rate	Fair Value of Collateral	Loan Currency

Mortgage loans	583,066		July, 2023 - June, 2048	9.00%	577,196	KZT
Car loans	171,772		August, 2023 - June, 2030	25.00%	171,732	KZT
Uncollateralized bank customer loans	149,800		July, 2023 - June 2043	24.00%	—	KZT
Right of claim for purchased retail loans	142,336		July, 2023 - June 2027	19.00%	142,336	KZT
Collateralized bank customer loans	31,114		July, 2023 - June 2028	14.00%	29,039	KZT/RUB
Convertible loan	10,550		October, 2023	—%	10,550	USD
Subordinated loan	5,075		December, 2025	3.00%	—	USD
Loans issued to policyholders	1,445		November, 2023 - June, 2024	15.00%	1,562	KZT
Other	4,694		July, 2023 - March, 2048/December, 2023	2.00%/16.00%	—	EUR/KZT

Allowance for loans issued	(41,704)

Total loans issued	$	1,058,148

Loans issued as of March 31, 2023, consisted of the following:


	Amount Outstanding		Due Dates	Average Interest Rate		Fair Value of Collateral	Loan Currency

Mortgage loans	534,154		April, 2023 - March, 2048	9.00	%	534,154	KZT
Right of claims for purchased retail loans	121,177		January, 2023 - March, 2027	15.00	%	121,177	KZT
Car loans	102,269		April, 2023- April, 2030	25.00	%	102,247	KZT
Uncollateralized bank customer loans	46,970		January, 2023 - March, 2043	25.00	%	—	KZT
Collateralized bank customer loans	17,653		May, 2023 - March, 2028	2.00	%	17,636	KZT/RUB
Subordinated loan	5,039		December, 2025	3.00	%	—	USD
Loans to policyholders	1,488		June, 2023 - February, 2024	15.00	%	1,752	KZT
Other	300		March, 2024-September, 2029	2.00	%	—	EUR

Allowance for loans issued	(2,792)

Total loans issued	$	826,258

The table below presents the Group's loan portfolio by credit quality classification and origination year as of June 30, 2023. Current vintage disclosure is the requirement due to first adoption of ASC 326.


	Term Loans by Origination Year
	2023	2022	2021	2020	2019	Prior	Revolving loans	Total
Mortgage loans	92,435	476,173	14,458	—	—	—	—	583,066
that are not credit impaired	92,400	474,129	14,236	—	—	—	—	580,765
with significant increase in credit risk	—	1,888	193	—	—	—	—	2,081
that are credit impaired	35	156	29	—	—	—	—	220
Car loans	142,602	29,170	—	—	—	—	—	171,772
that are not credit impaired	139,182	27,851	—	—	—	—	—	167,033
with significant increase in credit risk	2,555	595	—	—	—	—	—	3,150
that are credit impaired	865	724	—	—	—	—	—	1,589
Uncollateralized bank customer loans	149,518	251	29	1	—	1	—	149,800
that are not credit impaired	149,018	144	29	1	—	1	—	149,193
with significant increase in credit risk	406	26	—	—	—	—	—	432
that are credit impaired	94	81	—	—	—	—	—	175
Right of claim for purchased retail loans	103,768	36,339	2,229	—	—	—	—	142,336
that are not credit impaired	103,768	36,339	2,229	—	—	—	—	142,336
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	—	—	—	—
Collateralized bank customer loans	21,391	9,723	—	—	—	—	—	31,114
that are not credit impaired	21,391	9,723	—	—	—	—	—	31,114
with significant increase in credit risk	—	—	—	—	—	—	—	—


that are credit impaired	—	—	—	—	—	—	—	—
Convertible loan	10,550	—	—	—	—	—	—	10,550
that are not credit impaired	10,550	—	—	—	—	—	—	10,550
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	—	—	—	—
Subordinated loan	—	5,075	—	—	—	—	—	5,075
that are not credit impaired	—	5,075	—	—	—	—	—	5,075
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	—	—	—	—
Loans issued to policyholders	1,445	—	—	—	—	—	—	1,445
that are not credit impaired	1,445	—	—	—	—	—	—	1,445
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	—	—	—	—
Other	1,551	128	—	—	3,015	—	—	4,694
that are not credit impaired	1,551	128	—	—	—	—	—	1,679
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	3,015	—	—	3,015
Total	523,260	556,859	16,716	1	3,015	1	—	1,099,852

The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2023.


	March 31, 2023
	That are not credit impaired	With significant increase in credit risk	That are credit impaired	Total
Mortgage loans	532,621	1,505	28	534,154
Collateralized bank customer loans	121,055	122	—	121,177
Right of claim for purchased retail loans	101,244	993	32	102,269
Uncollateralized bank customer loans	46,882	81	7	46,970
Car loans	17,653	—	—	17,653
Subordinated loan	5,039	—	—	5,039
Loans issued to policyholders	1,488	—	—	1,488
Other	300	—	—	300
Total loans	826,282	2,701	67	829,050

Aging analysis of past due loans as of June 30, 2023 and March 31, 2023, is as follows:


	June 30, 2023
	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	1,579	502	220	580,765	583,066
Car loans	1,867	1,283	1,589	167,033	171,772
Uncollateralized bank customer loans	321	111	175	149,193	149,800
Right of claim for purchased retail loans	57	—	2	142,277	142,336
Collateralized bank customer loans	—	—	—	31,114	31,114
Convertible loan	—	—	—	10,550	10,550
Subordinated loan	—	—	—	5,075	5,075
Loans issued to policyholders	—	—	—	1,445	1,445
Other	—	—	3,015	1,679	4,694
Total	3,824	1,896	5,001	1,089,131	1,099,852


	March 31, 2023
	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	1,265	240	28	532,621	534,154
Collateralized bank customer loans	123	—	—	121,054	121,177
Right of claim for purchased retail loans	754	239	32	101,244	102,269
Uncollateralized bank customer loans	73	8	7	46,882	46,970
Car loans	—	—	—	17,653	17,653
Subordinated loan	—	—	—	5,039	5,039
Loans issued to policyholders	—	—	—	1,488	1,488
Other	—	—	—	300	300
Total	2,215	487	67	826,281	829,050

The activity in the allowance for credit losses as of June 30, 2023 and June 30, 2022 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, 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	—	(7,755)	(55)	(2,948)	(5,346)	(3,261)	(19,365)
Recoveries	284	1,602	8	272	3,345	—	5,511
Forex	3	64	2	34	34	—	137
June 30, 2023	(2,483)	(13,758)	(80)	(9,862)	(12,260)	(3,261)	(41,704)


	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
April 1, 2022	—	—	—	—	—	—	—
Charges	(570)	(22)	(9)	(24)	(3,712)	—	(4,337)
Recoveries	568	22	9	25	3,798	—	4,422
Forex	2	—	—	(1)	(86)	—	(85)
June 30, 2022	—	—	—	—	—	—	—