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LOAN ISSUED (Tables)
 6 Months Ended
Sep. 30, 2024
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of September 30, 2024, consisted of the following:
Amount OutstandingDue DatesAverage Interest Rate Fair Value of
Collateral		Loan Currency
 
Mortgage loans$766,949 October 2024 - September 204910.5%$766,949 KZT
Car loans201,429 October 2024 - April 203224.1%198,418 KZT
Uncollateralized bank customer loans231,863 October 2024 - September 204427.6%— KZT
Right of claim for purchased retail loans138,092 October 2024 - February 203015.0%138,092 KZT
Collateralized bank customer loans71,106 October 2024 - July 204316.9%66,603 KZT
Subordinated loan6,163 December 20253.0%— USD
Other1,744 October 2024 - September 2029
18.1%/4.5%
26 KZT/EUR
Allowance for loans issued(48,690)
Total loans issued$1,368,656 
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 September 30, 2024. Current vintage disclosure is the requirement due to first adoption of ASC 326.
Term Loans by Origination Fiscal Year
20252024202320222021PriorRevolving loansTotal
Mortgage loans$112,527 $211,478 $407,953 $34,991 $— $— $— $766,949 
that are not credit impaired112,527 209,358 404,368 34,418 — — — 760,671 
with significant increase in credit risk— 1,394 2,121 427 — — — 3,942 
that are credit impaired— 726 1,464 146 — — — 2,336 
Car loans1,772 150,666 48,991 — — — — 201,429 
that are not credit impaired1,772 145,830 37,587 — — — — 185,189 
with significant increase in credit risk— 1,574 1,422 — — — — 2,996 
that are credit impaired— 3,262 9,982 — — — — 13,244 
Uncollateralized bank customer loans39,831 164,352 27,673 7 — — — 231,863 
that are not credit impaired39,417 143,278 21,715 — — — — 204,410 
with significant increase in credit risk290 6,168 1,115 — — — — 7,573 
that are credit impaired124 14,906 4,843 7 — — — 19,880 
Right of claim for purchased retail loans73,288 59,489 5,264 51 — — — 138,092 
that are not credit impaired73,288 59,489 5,264 51 138,092 
with significant increase in credit risk— — — — — — — — 
that are credit impaired— — — — — — — — 
Collateralized bank customer loans55,810 15,105 191 — — — — 71,106 
that are not credit impaired55,810 14,978 191 — — — — 70,979 
with significant increase in credit risk— 32 — — — — — 32 
that are credit impaired— 95 — — — — — 95 
Subordinated loan— — 6,163 — — — — 6,163 
that are not credit impaired— — 6,163 — — — — 6,163 
with significant increase in credit risk— — — — — — — — 
that are credit impaired— — — — — — — — 
Other225 1,309 150 60 — — — 1,744 
that are not credit impaired225 1,301 150 60 — — — 1,736 
with significant increase in credit risk— — — — — — — — 
that are credit impaired— 8 — — — — — 8 
Total$283,453 $602,399 $496,385 $35,109 $— $— $— $1,417,346 
The table below presents the Group's loan portfolio by credit quality classification as of March 31, 2024.
Term Loans by Origination Fiscal 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 September 30, 2024 and March 31, 2024, is as follows:
September 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$2,602 $1,340 $2,336 $760,671 $766,949 
Car loans2,088 908 13,244 185,189 201,429 
Uncollateralized bank customer loans4,397 3,176 19,880 204,410 231,863 
Right of claim for purchased retail loans— — — 138,092 138,092 
Collateralized bank customer loans— 32 95 70,979 71,106 
Subordinated loan— — — 6,163 6,163 
Other— — 8 1,736 1,744 
Total$9,087 $5,456 $35,563 $1,367,240 $1,417,346 
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 September 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(1,927)(14,416)(383)(2,699)(4,387)(27)(23,839)
Recoveries775 4,653 28 5,278 4,610 — 15,344 
Write off— 42 4 258 — 30 334 
Forex252 1,635 14 844 345 — 3,090 
September 30, 2024
$(3,933)$(27,722)$(417)$(10,581)$(6,009)$(28)$(48,690)
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(665)(13,482)(71)(8,851)(11,073)(3,283)(37,425)
Recoveries1,599 6,384 36 2,558 7,746 — 18,323 
Forex91 739 4 637 657 — 2,128 
September 30, 2023
$(1,745)$(14,028)$(66)$(12,876)$(12,963)$(3,283)$(44,961)