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Subordinated Debt | 12 Months Ended
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Dec. 31, 2024
Subordinated liabilities [abstract] |
Subordinated Debt | 18. Subordinated debt
|  | Currency |  | Maturity date |  | Nominal interest rate, % |  |  | 2023 |  |  | 2024 |
Third bond program – fourth issue |  | KZT |  | June 2025 |  |  | 10.7 | % |  |  | 62,274 |  |  |  | 62,278 |
Debt component of preference shares |  | KZT |  | n/a |  | n/a |  |  |  | 95 |  |  |  | 138 |
Total subordinated debt |  |  |  |  |  |  |  |  |  | 62,369 |  |  |  | 62,416 |
The debt component of preference shares relates to subsidiary Kaspi Bank JSC, and is held by the non-controlling interest. As at 31 December 2023 and 2024, accrued interest of KZT 3,179 million and KZT 3,179 million, respectively, was included in subordinated debt. All subordinated debt are recorded at amortized cost as at 31 December 2023 and 2024. The above liabilities are subordinated to the claims of depositors and other creditors of the issuer in the event of liquidation. The Group did not have any defaults or other breaches with respect to its subordinated debt as at 31 December 2023 and 2024. Reconciliation of liabilities arising from financing activities The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s consolidated statements of cash flows as cash flows from financing activities.
|  |  |  |  |  |  |  | Non-cash changes |  |  |  |
|  | 1 January 2023 |  |  | Financing cash flows |  |  | Foreign exchange movement |  | Financing cash flows |  |  | 2023 |
Debt securities issued |  |  | 140,378 |  |  |  | (41,261 | ) |  | - |  |  | 351 |  |  |  | 99,468 |
Subordinated debt |  |  | 67,608 |  |  |  | (5,300 | ) |  | - |  |  | 61 |  |  |  | 62,369 |
|  |  |  |  |  |  |  | Non-cash changes |  |  |  |
|  | 1 January 2024 |  |  | Financing cash flows |  |  | Foreign exchange movement |  | Changes in amortized cost |  |  | 2024 |
Debt securities issued |  |  | 99,468 |  |  |  | (48,769 | ) |  | - |  |  | 351 |  |  |  | 51,050 |
Subordinated debt |  |  | 62,369 |  |  |  | - |  |  | - |  |  | 47 |  |  |  | 62,416 |

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- Definition The disclosure of subordinated liabilities. [Refer: Subordinated liabilities] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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