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Risk Management Policy (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about financial instruments [line items]

Significant Changes in Gross Carrying Amount of Loans to Customers

The tables below present information about the significant changes in the gross carrying amount of loans to customers during the period that contributed to changes in the allowance for impairment losses during the years ended 31 December 2023 and 2024:

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				POCI				Total
Loans to customers at amortized cost
Gross carrying amount as at 1 January 2023			3,058,897				40,934				264,927				4,754				3,369,512
Changes in the gross carrying amount
- Transfer to Stage 1			32,712				(4,991	)			(27,721	)			-				-
- Transfer to Stage 2			(58,058	)			66,931				(8,873	)			-				-
- Transfer to Stage 3			(194,471	)			(19,322	)			213,793				-				-
New loans to customers originated or    purchased			3,413,069				-				-				9,553				3,422,622
Loans to customers that have been repaid or    derecognized			(2,203,671	)			(27,748	)			(15,305	)			(3,803	)			(2,250,527	)
Write-offs			-				-				(82,959	)			-				(82,959	)
Recovery from off-balance loans to customers			-				-				19,844				-				19,844
Other changes			-				-				(3	)			-				(3	)
Gross carrying amount as at 31 December    2023			4,048,478				55,804				363,703				10,504				4,478,489

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				POCI				Total
Loans to customers at amortized cost
Gross carrying amount as at 1 January 2024			4,048,478				55,804				363,703				10,504				4,478,489
Changes in the gross carrying amount
- Transfer to Stage 1			65,305				(13,657	)			(51,648	)			-				-
- Transfer to Stage 2			(76,678	)			102,681				(26,003	)			-				-
- Transfer to Stage 3			(266,377	)			(24,694	)			291,071				-				-
New loans to customers originated or    purchased			4,507,341				-				-				21,310				4,528,651
Loans to customers that have been repaid or    derecognized			(2,830,265	)			(33,883	)			(18,736	)			(8,678	)			(2,891,562	)
Write-offs			-				-				(89,272	)			-				(89,272	)
Recovery from off-balance loans to customers			-				-				16,137				-				16,137
Gross carrying amount as at 31 December    2024			5,447,804				86,251				485,252				23,136				6,042,443

Summary of External Credit Ratings

Financial assets, other than loans to customers and other financial assets, are graded according to their external credit ratings issued by an international rating agencies, such as Standard and Poor’s, Fitch and Moody’s Investors Services. The highest possible rating is AAA.

		A- and higher				BBB+ to BBB-				BB+ to B-				CCC+ and lower				Not  rated				Total
Gross carrying value:
31 December 2023
Cash and cash equivalents,    excluding cash on hand			341,639				205,881				8,323				-				5,007				560,850
Mandatory cash balances    with NBRK			-				47,110				-				-				-				47,110
Due from banks			29,652				1,031				6				-				-				30,689
Investment securities and    derivatives			33,702				1,336,627				4,048				-				4,803				1,379,180
31 December 2024
Cash and cash equivalents,    excluding cash on hand			203,364				210,591				1,077				273				7,205				422,510
Mandatory cash balances    with NBRK			-				57,307				-				-				-				57,307
Due from banks			36,457				1,328				-				-				123				37,908
Investment securities and    derivatives			48,687				1,378,268				4,957				-				74,442				1,506,354

Summary of financial assets and liabilities liquidity and interest rate risks

An analysis of the financial assets and liabilities liquidity and interest rate risks is presented in the following table on discounted basis:

		Up to 1 month				1 month to 3 months				3 months to 1 year				1 year to 5 years				Over 5 years				2023 Total
Cash and cash equivalents			331,907				77,388				-				-				-				409,295
Due from banks			896				1,614				25,894				2,279				-				30,683
Investment securities			371,756				54,521				108,440				629,089				212,922				1,376,728
Loans to customers			411,868				590,174				1,727,068				1,333,853				172,994				4,235,957
Total interest bearing financial    assets			1,116,427				723,697				1,861,402				1,965,221				385,916				6,052,663
Cash and cash equivalents			411,171				-				-				-				-				411,171
Mandatory cash balances with    National Bank of the Republic    of Kazakhstan			47,110				-				-				-				-				47,110
Derivative financial assets			37				605				-				-				-				642
Investment securities			368				-				-				-				34				402
Other financial assets			41,534				-				-				-				-				41,534
Total non-interest bearing    financial assets			500,220				605				-				-				34				500,859
Total financial assets			1,616,647				724,302				1,861,402				1,965,221				385,950				6,553,522
Due to banks			154				-				-				-				-				154
Customer accounts			364,505				851,492				3,081,866				64,056				5,918				4,367,837
Debt securities issued			50,481				-				-				48,987				-				99,468
Subordinated debt			3,257				-				18				59,094				-				62,369
Total interest bearing financial    liabilities			418,397				851,492				3,081,884				172,137				5,918				4,529,828
Customer accounts			1,073,619				-				-				-				-				1,073,619
Derivative financial liabilities			187				532				-				446				-				1,165
Other financial liabilities			68,721				-				-				-				-				68,721
Total non-interest bearing    financial liabilities			1,142,527				532				-				446				-				1,143,505
Total financial liabilities			1,560,924				852,024				3,081,884				172,583				5,918				5,673,333
Guarantees issued and similar    commitments			457				100				-				4,546								5,103
Total financial liabilities and    commitments			1,561,381				852,124				3,081,884				177,129				5,918				5,678,436
Liquidity surplus/ (gap)			55,266				(127,822	)			(1,220,482	)			1,788,092				380,032
Cumulative liquidity surplus/(gap)			55,266				(72,556	)			(1,293,038	)			495,054				875,086
Interest sensitivity surplus/ (gap)			698,030				(127,795	)			(1,220,482	)			1,793,084				379,998
Cumulative interest sensitivity    surplus/ (gap)			698,030				570,235				(650,247	)			1,142,837				1,522,835

		Up to 1 month				1 month to 3 months				3 months to 1 year				1 year to 5 years				Over 5 years				2024 Total
Cash and cash equivalents			388,707				6				-				-				-				388,713
Due from banks			2,267				2,315				33,016				310			-					37,908
Investment securities			153,419				81,250				358,229				627,589				268,718				1,489,205
Loans to customers			485,611				728,514				2,242,972				2,039,044				250,459				5,746,600
Total interest bearing financial    assets			1,030,004				812,085				2,634,217				2,666,943				519,177				7,662,426
Cash and cash equivalents			230,757				-				-				-				-				230,757
Mandatory cash balances with    National Bank of the Republic    of Kazakhstan			57,307				-				-				-				-				57,307
Derivative financial assets			1,011				2,340				7,126				6,672				-				17,149
Investment securities			417				-				-				-				60				477
Other financial assets			29,793				-				-				-				-				29,793
Total non-interest bearing    financial assets			319,285				2,340				7,126				6,672				60				335,483
Total financial assets			1,349,289				814,425				2,641,343				2,673,615				519,237				7,997,909
Due to banks			24,474				-				-				-				-				24,474
Customer accounts			672,334				970,692				3,738,339				46,994				5,776				5,434,135
Debt securities issued			51,050				-				-				—				-				51,050
Subordinated debt			3,300				-				59,116				—				-				62,416
Total interest bearing financial    liabilities			751,158				970,692				3,797,455				46,994				5,776				5,572,075
Customer accounts			1,127,815				-				-				-				-				1,127,815
Derivative financial liabilities			133				129				-				-				-				262
Other financial liabilities			41,446				-				-				-				-				41,446
Total non-interest bearing    financial liabilities			1,169,394				129				-				-				-				1,169,523
Total financial liabilities			1,920,552				970,821				3,797,455				46,994				5,776				6,741,598
Guarantees issued and similar    commitments			250				32				423				5,251				-				5,956
Total financial liabilities and    commitments			1,920,802				970,853				3,797,878				52,245				5,776				6,747,554
Liquidity surplus/(gap)			(571,513	)			(156,428	)			(1,156,535	)			2,621,370				513,461
Cumulative liquidity surplus/(gap)			(571,513	)			(727,941	)			(1,884,476	)			736,894				1,250,355
Interest sensitivity surplus/(gap)			278,846				(158,607	)			(1,163,238	)			2,619,949				513,401
Cumulative interest sensitivity    surplus/(gap)			278,846				120,239				(1,042,999	)			1,576,950				2,090,351

Schedule of Foreign Currency Exchange Rate Risk

The Group’s exposure to foreign currency exchange rate risk is presented in the table below:

		Tenge				USD 1 USD = KZT 454.56				EUR EUR 1 = KZT 502.24				Other currency				2023 Total
Non-derivative financial assets
Total non-derivative financial    assets			6,021,554				499,951				24,629				6,746				6,552,880
Non-derivative financial    liabilities
Total non-derivative financial    liabilities			5,188,795				474,723				6,634				2,016				5,672,168
NET POSITION ON NON-    DERIVATIVE FINANCIAL    INSTRUMENTS			832,759				25,228				17,995				4,730
Derivative financial instruments
Accounts payable on spot and    derivative contracts			(70,704	)			(93,313	)			(16,574	)			-				(180,591	)
Accounts receivable on spot and    derivative contracts			94,070				83,917				-				1,165				179,152
NET POSITION ON DERIVATIVE    FINANCIAL INSTRUMENTS			23,366				(9,396	)			(16,574	)			1,165				(1,439	)
NET POSITION			856,125				15,832				1,421				5,895

		Tenge				USD 1 USD = KZT 525.11				EUR EUR 1 = KZT 546.74				Other currency				2024 Total
Non-derivative financial assets
Total non-derivative financial    assets			7,552,496				388,027				25,336				14,899				7,980,758
Non-derivative financial    liabilities
Total non-derivative financial    liabilities			6,153,015				579,664				6,247				2,673				6,741,599
NET POSITION ON NON-    DERIVATIVE FINANCIAL    INSTRUMENTS			1,399,481				(191,637	)			19,089				12,226
Derivative financial instruments
Accounts payable on spot and    derivative contracts			(251,281	)			(95,760	)			(59,595	)			(2,709	)			(409,345	)
Accounts receivable on spot and    derivative contracts			69,674				316,929				43,192				1,340				431,135
NET POSITION ON DERIVATIVE    FINANCIAL INSTRUMENTS			(181,607	)			221,169				(16,403	)			(1,369	)			21,790
NET POSITION			1,217,874				29,532				2,686				10,857

Total for all internal credit grades [member]

Disclosure of detailed information about financial instruments [line items]

Schedule of Internal Rating Model to Classify Individually Significant Loans to Customers in Different Risk Categories

The Group uses an internal rating model to classify individually significant loans to customers in different risk categories:

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				POCI				Total
Loans to customers that are individually    assessed for impairment
Grades: Low to fair risk			5,669				-				-				-				5,669
Grade: Impaired			-				-				6,718				-				6,718
Loans to customers that are collectively    assessed for impairment			4,042,809				55,804				356,985				10,504				4,466,102
Total gross carrying amount			4,048,478				55,804				363,703				10,504				4,478,489
Allowance for impairment losses			(59,939	)			(16,290	)			(166,042	)			(261	)			(242,532	)
Carrying amount as at 31 December 2023			3,988,539				39,514				197,661				10,243				4,235,957

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				POCI				Total
Loans to customers that are individually    assessed for impairment
Grades: Low to fair risk			5,120			-				-				-					5,120
Grade: Impaired		-				-					5,260			-					5,260
Loans to customers that are collectively    assessed for impairment			5,442,684				86,251				479,992				23,136				6,032,063
Total gross carrying amount			5,447,804				86,251				485,252				23,136				6,042,443
Allowance for impairment losses			(77,521	)			(22,378	)			(193,759	)			(2,185	)			(295,843	)
Carrying amount as at 31 December 2024			5,370,283				63,873				291,493				20,951				5,746,600

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Due from banks
High grade (A- and higher)			29,652				-				-				29,652
Investment grade (BBB+ - BBB-)			1,031				-				-				1,031
Investment grade (BB+ - B-)			6				-				-				6
Total gross carrying amount			30,689				-				-				30,689
Allowance for impairment losses			(6	)			-				-				(6	)
Carrying amount as at 31 December 2023			30,683				-				-				30,683

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Due from banks
High grade (A- and higher)			36,464				-				-				36,464
Investment grade (BBB+ - BBB-)			1,328				-				-				1,328
Investment grade (Not rated)			123				-				-				123
Total gross carrying amount			37,915				-				-				37,915
Allowance for impairment losses			(7	)			-				-				(7	)
Carrying amount as at 31 December 2024			37,908				-				-				37,908

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Investment debt securities
High grade (A- and higher)			33,681				-				-				33,681
Investment grade (BBB+ - BBB-)			1,335,500				-				-				1,335,500
Non-Investment grade (BB+ - B-)			4,037				-				-				4,037
Not rated			-				2,322				1,188				3,510
Сarrying amount as at 31 December 2023			1,373,218				2,322				1,188				1,376,728

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Investment debt securities
High grade (A- and higher)			36,415				-				-				36,415
Investment grade (BBB+ - BBB-)			1,373,391				-				-				1,373,391
Non-Investment grade (BB+ - B-)			4,957				-				-				4,957
Not rated			70,614				567				3,261				74,442
Сarrying amount as at 31 December 2024			1,485,377				567				3,261				1,489,205

Disclosure of detailed information about financial instruments [text block]

The Group uses an internal rating model to classify individually significant loans to customers in different risk categories:

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				POCI				Total
Loans to customers that are individually    assessed for impairment
Grades: Low to fair risk			5,669				-				-				-				5,669
Grade: Impaired			-				-				6,718				-				6,718
Loans to customers that are collectively    assessed for impairment			4,042,809				55,804				356,985				10,504				4,466,102
Total gross carrying amount			4,048,478				55,804				363,703				10,504				4,478,489
Allowance for impairment losses			(59,939	)			(16,290	)			(166,042	)			(261	)			(242,532	)
Carrying amount as at 31 December 2023			3,988,539				39,514				197,661				10,243				4,235,957

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				POCI				Total
Loans to customers that are individually    assessed for impairment
Grades: Low to fair risk			5,120			-				-				-					5,120
Grade: Impaired		-				-					5,260			-					5,260
Loans to customers that are collectively    assessed for impairment			5,442,684				86,251				479,992				23,136				6,032,063
Total gross carrying amount			5,447,804				86,251				485,252				23,136				6,042,443
Allowance for impairment losses			(77,521	)			(22,378	)			(193,759	)			(2,185	)			(295,843	)
Carrying amount as at 31 December 2024			5,370,283				63,873				291,493				20,951				5,746,600

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Due from banks
High grade (A- and higher)			29,652				-				-				29,652
Investment grade (BBB+ - BBB-)			1,031				-				-				1,031
Investment grade (BB+ - B-)			6				-				-				6
Total gross carrying amount			30,689				-				-				30,689
Allowance for impairment losses			(6	)			-				-				(6	)
Carrying amount as at 31 December 2023			30,683				-				-				30,683

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Due from banks
High grade (A- and higher)			36,464				-				-				36,464
Investment grade (BBB+ - BBB-)			1,328				-				-				1,328
Investment grade (Not rated)			123				-				-				123
Total gross carrying amount			37,915				-				-				37,915
Allowance for impairment losses			(7	)			-				-				(7	)
Carrying amount as at 31 December 2024			37,908				-				-				37,908

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Investment debt securities
High grade (A- and higher)			33,681				-				-				33,681
Investment grade (BBB+ - BBB-)			1,335,500				-				-				1,335,500
Non-Investment grade (BB+ - B-)			4,037				-				-				4,037
Not rated			-				2,322				1,188				3,510
Сarrying amount as at 31 December 2023			1,373,218				2,322				1,188				1,376,728

		Stage 1				Stage 2				Stage 3
		12-month ECL				Lifetime ECL				Lifetime ECL				Total
Investment debt securities
High grade (A- and higher)			36,415				-				-				36,415
Investment grade (BBB+ - BBB-)			1,373,391				-				-				1,373,391
Non-Investment grade (BB+ - B-)			4,957				-				-				4,957
Not rated			70,614				567				3,261				74,442
Сarrying amount as at 31 December 2024			1,485,377				567				3,261				1,489,205

Loans to Customers

Disclosure of detailed information about financial instruments [line items]

Significant Changes in Gross Carrying Amount of Loans to Customers

The following tables refer to modified loans to customers where modification does not result in derecognition.

Loans to customers (with allowance for impairment losses based on lifetime ECL) modified during the years ended 31 December 2023 and 2024:

		2023				2024
Gross carrying amount of loans to customers that are impaired    after modification but not NPL as at 1 January			27,899				68,029
Gross carrying amount of modified loans to customers within period			109,386				157,179
Loans to customers transferred to non impaired category (cured loans)			(42,268	)			(92,276	)
Loans to customers transferred to NPL			(17,435	)			(33,178	)
Repaid loans to customers			(9,553	)			(19,742	)
Gross carrying amount of loans to customers that are impaired    after modification but not NPL as at 31 December			68,029				80,012

X

- Definition

The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit.

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The entire disclosure for financial instruments.

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No definition available.

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The disclosure of the reconciliation of changes in the loss allowance and explanation of changes in the gross carrying amount for financial instruments. Loss allowance is the allowance for expected credit losses on financial assets measured in accordance with paragraph 4.1.2 of IFRS 9, lease receivables and contract assets, the accumulated impairment amount for financial assets measured in accordance with paragraph 4.1.2A of IFRS 9 and the provision for expected credit losses on loan commitments and financial guarantee contracts. [Refer: Gross carrying amount [member]]

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