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LOAN ISSUED (Tables)
 3 Months Ended
Jun. 30, 2024
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of June 30, 2024, consisted of the following:
Amount OutstandingDue DatesAverage Interest Rate Fair Value of
Collateral		Loan Currency
 
Mortgage loans$724,295 July 2024 - June 204910.3%$724,294 KZT
Car loans227,234 July 2024 - April 203223.9%224,380 KZT
Uncollateralized bank customer loans231,833 July 2024 - June 204427.7%— KZT
Right of claim for purchased retail loans134,333 July 2024 - August 202915.0%134,333 KZT
Collateralized bank customer loans29,102 July 2024 - July 204319.3%27,982 KZT
Subordinated loan5,038 December 20253.0%— USD
Other2,803 August 2024 - January 2029
18.6%/15.0%/2.5%
33 
KZT/USD/EUR
Allowance for loans issued(40,086)
Total loans issued$1,314,552 
Loans issued as of March 31, 2024, consisted of the following:
Amount OutstandingDue DatesAverage Interest Rate Fair Value of
Collateral		Loan Currency
 
Mortgage loans$741,312 April, 2024 - March, 204910.3%$740,462 KZT
Car loans262,708 April, 2024 - March, 203123.9%259,755 KZT
Uncollateralized bank customer loans245,188 April, 2024 - March, 204427.4%— KZT
Right of claim for purchased retail loans146,152 April, 2024 - March, 202915.0%146,152 KZT
Collateralized bank customer loans22,299 June, 2024 - July, 204319.1%22,270 KZT
Subordinated loan5,037 December, 20253.0%— USD
Other2,638 April, 2024 - January, 2029
18.6%/15.0%/2.5%
18 
KZT/USD/EUR
Allowance for loans issued(43,619)
Total loans issued$1,381,715 
Financing Receivable Credit Quality Indicators
The table below presents the Group's loan portfolio by credit quality classification and origination year as of June 30, 2024. Current vintage disclosure is the requirement due to first adoption of ASC 326.
Term Loans by Origination Year
20252024202320222021PriorRevolving loansTotal
Mortgage loans$37,141 $223,214 $426,566 $37,374 $— $— $— $724,295 
that are not credit impaired37,141 221,389 423,582 37,002 719,114 
with significant increase in credit risk— 1,322 1,627 298 3,247 
that are credit impaired— 503 1,357 74 1,934 
Car loans661 170,230 56,343 — — — — 227,234 
that are not credit impaired661 165,792 45,318 211,771 
with significant increase in credit risk— 1,990 1,741 3,731 
that are credit impaired— 2,448 9,284 11,732 
Uncollateralized bank customer loans18,126 183,176 30,524 7 — — — 231,833 
that are not credit impaired18,058 168,030 25,547 — 211,635 
with significant increase in credit risk68 4,559 1,030 — 5,657 
that are credit impaired— 10,587 3,947 7 14,541 
Right of claim for purchased retail loans36,886 87,911 9,436 100 — — — 134,333 
that are not credit impaired36,886 87,911 9,436 100 134,333 
with significant increase in credit risk— — — — — 
that are credit impaired— — — — — 
Collateralized bank customer loans11,615 17,223 264 — — — — 29,102 
that are not credit impaired11,615 17,095 264 28,974 
with significant increase in credit risk— 128 — 128 
that are credit impaired— — — — 
Subordinated loan— — 5,038 — — — — 5,038 
that are not credit impaired— — 5,038 5,038 
with significant increase in credit risk— — — — 
that are credit impaired— — — — 
Other215 2,371 154 63 — — — 2,803 
that are not credit impaired215 2,362 154 63 2,794 
with significant increase in credit risk— — — — — 
that are credit impaired— 9 — — 9 
Total$104,644 $684,125 $528,325 $37,544 $— $— $— $1,354,638 
The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2024.
Term Loans by Origination Year
20242023202220212020PriorRevolving loansTotal
Mortgage loans$241,848 $458,401 $41,063 $— $— $— $— $741,312 
that are not credit impaired240,974 454,933 40,784 — — — — 736,691 
with significant increase in credit risk676 2,415 111 — — — — 3,202 
that are credit impaired198 1,053 168 — — — — 1,419 
Car loans196,305 66,403 — — — — — 262,708 
that are not credit impaired193,302 55,427 — — — — — 248,729 
with significant increase in credit risk1,590 2,232 — — — — — 3,822 
that are credit impaired1,413 8,744 — — — — — 10,157 
Uncollateralized bank customer loans210,612 34,568 8 — — — — 245,188 
that are not credit impaired200,211 30,337 — — — — — 230,548 
with significant increase in credit risk4,715 1,072 — — — — — 5,787 
that are credit impaired5,686 3,159 8 — — — — 8,853 
Right of claim for purchased retail loans130,291 15,694 167 — — — — 146,152 
that are not credit impaired130,291 15,694 167 — — — — 146,152 
with significant increase in credit risk— — — — — — — — 
that are credit impaired— — — — — — — — 
Collateralized bank customer loans21,972 327 — — — — — 22,299 
that are not credit impaired21,796 327 — — — — — 22,123 
with significant increase in credit risk89 — — — — — — 89 
that are credit impaired87 — — — — — — 87 
Subordinated loan— 5,037 — — — — — 5,037 
that are not credit impaired— 5,037 — — — — — 5,037 
with significant increase in credit risk— — — — — — — — 
that are credit impaired— — — — — — — — 
Other2,404 165 69 — — — — 2,638 
that are not credit impaired2,395 165 69 — — — — 2,629 
with significant increase in credit risk— — — — — — — — 
that are credit impaired9 — — — — — — 9 
Total$803,432 $580,595 $41,307 $— $— $— $— $1,425,334 
Financing Receivable, Past Due
Aging analysis of past due loans as of June 30, 2024 and March 31, 2024, is as follows:
June 30, 2024
Loans 30-59 Days past due Loans 60-89 days past due Loans 90 days or more past due and still accruingCurrent loansTotal
Mortgage loans$1,762 $1,485 $1,934 $719,114 $724,295 
Car loans2,006 1,725 11,732 211,771 227,234 
Uncollateralized bank customer loans3,021 2,636 14,541 211,635 231,833 
Right of claim for purchased retail loans— — — 134,333 134,333 
Collateralized bank customer loans99 29 — 28,974 29,102 
Subordinated loan— — — 5,038 5,038 
Other— — 9 2,794 2,803 
Total$6,888 $5,875 $28,216 $1,313,659 $1,354,638 
March 31, 2024
Loans 30-59 Days past due Loans 60-89 days past due Loans 90 days or more past due and still accruingCurrent loansTotal
Mortgage loans$2,133 $1,069 $1,419 $736,691 $741,312 
Car loans2,167 1,655 10,157 248,729 262,708 
Uncollateralized bank customer loans3,576 2,211 8,853 230,548 245,188 
Right of claim for purchased retail loans— — — 146,152 146,152 
Collateralized bank customer loans— 89 87 22,123 22,299 
Subordinated loan— — — 5,037 5,037 
Other— — 9 2,629 2,638 
Total$7,876 $5,024 $20,525 $1,391,909 $1,425,334 
Financing Receivable, Allowance for Credit Loss
The activity in the allowance for credit losses for the three months ended June 30, 2024 and 2023 is summarized in the following tables.
Allowance for credit losses
Mortgage loanUncollateralized bank customer loansCollateralized bank customer loansCar loansRight of claim for purchased retail loansOtherTotal
March 31, 2024
$(3,033)$(19,636)$(80)$(14,262)$(6,577)$(31)$(43,619)
Charges(728)(6,389)(116)(1,526)(1,490)(6)(10,255)
Recoveries295 3,733 20 3,938 3,473 11,459 
Write off— — 4 109 — — 113 
Forex180 1,160 9 621 246 2,216 
June 30, 2024
$(3,286)$(21,132)$(163)$(11,120)$(4,348)$(37)$(40,086)
Allowance for credit losses
Mortgage loanUncollateralized bank customer loansCollateralized bank customer loansCar loansRight of claim for purchased retail loansOtherTotal
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)
Recoveries284 1,602 8 272 3,345 — 5,511 
Forex3 64 2 34 34 — 137 
June 30, 2023
$(2,483)$(13,758)$(80)$(9,862)$(12,260)$(3,261)$(41,704)