LOAN ISSUED (Tables)

6 Months Ended

Sep. 30, 2023

Loans and Leases Receivable Disclosure [Abstract]

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


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

Mortgage loans	621,096		January, 2024 - September, 2048	10.00%	613,460	KZT
Car loans	245,662		October, 2023 - September, 2030	24.00%	239,170	KZT
Uncollateralized bank customer loans	191,953		October, 2023 - September 2043	26.00%	—	KZT
Right of claim for purchased retail loans	135,132		October, 2023 - September 2028	15.00%	135,132	KZT
Collateralized bank customer loans	16,474		January, 2024 - July 2043	24.00%	15,345	KZT
Subordinated loan	5,113		December, 2025	3.00%	—	USD
Loans to policyholders	1,428		November, 2023 - September, 2024	15.00%	1,494	KZT
Other	4,835		October, 2023 - March, 2048/December, 2023	2.00%/14.00%	—	EUR/KZT

Allowance for loans issued	(44,961)

Total loans issued	$	1,176,732

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 September 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	131,220	448,018	41,858	—	—	—	—	621,096
that are not credit impaired	131,045	445,485	41,339	—	—	—	—	617,869
with significant increase in credit risk	175	1,999	442	—	—	—	—	2,616
that are credit impaired	—	534	77	—	—	—	—	611
Car loans	167,683	77,979	—	—	—	—	—	245,662
that are not credit impaired	166,768	70,771	—	—	—	—	—	237,539
with significant increase in credit risk	810	2,488	—	—	—	—	—	3,298
that are credit impaired	105	4,720	—	—	—	—	—	4,825
Uncollateralized bank customer loans	153,924	38,020	8	1	—	—	—	191,953
that are not credit impaired	152,747	36,425	—	1	—	—	—	189,173
with significant increase in credit risk	963	904	—	—	—	—	—	1,867
that are credit impaired	214	691	8	—	—	—	—	913
Right of claim for purchased retail loans	92,053	41,349	1,730	—	—	—	—	135,132
that are not credit impaired	92,053	41,349	1,730	—	—	—	—	135,132
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	—	—	—	—
Collateralized bank customer loans	16,066	408	—	—	—	—	—	16,474
that are not credit impaired	16,066	408	—	—	—	—	—	16,474
with significant increase in credit risk	—	—	—	—	—	—	—	—


that are credit impaired	—	—	—	—	—	—	—	—
Subordinated loan	—	5,113	—	—	—	—	—	5,113
that are not credit impaired	—	5,113	—	—	—	—	—	5,113
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	—	—	—	—
Loans issued to policyholders	1,428	—	—	—	—	—	—	1,428
that are not credit impaired	1,428	—	—	—	—	—	—	1,428
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	—	—	—	—
Other	1,704	116	—	—	3,015	—	—	4,835
that are not credit impaired	1,704	116	—	—	—	—	—	1,820
with significant increase in credit risk	—	—	—	—	—	—	—	—
that are credit impaired	—	—	—	—	3,015	—	—	3,015
Total	564,078	611,003	43,596	1	3,015	—	—	1,221,693

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	102,269	—	—	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	827,307	1,708	35	829,050

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


	September 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	1,961	656	611	617,868	621,096
Car loans	1,849	1,449	4,825	237,539	245,662
Uncollateralized bank customer loans	1,177	719	913	189,144	191,953
Right of claim for purchased retail loans	—	—	—	135,132	135,132
Collateralized bank customer loans	—	—	—	16,474	16,474
Subordinated loan	—	—	—	5,113	5,113
Loans issued to policyholders	—	—	—	1,428	1,428
Other	—	—	3,015	1,820	4,835
Total	4,987	2,824	9,364	1,204,518	1,221,693


	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	—	—	—	102,269	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	1,461	248	35	827,306	829,050

The activity in the allowance for credit losses as of September 30, 2023 and September 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	(665)	(13,482)	(71)	(8,851)	(11,073)	(3,283)	(37,425)
Recoveries	1,599	6,384	36	2,558	7,746	—	18,323
Forex	91	739	4	637	657	—	2,128
September 30, 2023	(1,745)	(14,028)	(66)	(12,876)	(12,963)	(3,283)	(44,961)


	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	(305)	(16)	—	—	(1,308)	—	(1,629)
Charges	(1,186)	(16)	(9)	(288)	(4,869)	—	(6,368)
Recoveries	224	16	8	4	1,888	—	2,140
Forex	22	—	1	3	152	—	178
September 30, 2022	(1,245)	(16)	—	(281)	(4,137)	—	—