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v3.23.3

LOAN ISSUED (Tables) | 3 Months Ended
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Jun. 30, 2023
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of loans issued | 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 | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |

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