v3.25.1
LOANS ISSUED (Tables)
 12 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
Loans issued as of March 31, 2025, consisted of the following:
Amount OutstandingDue DatesAverage Interest Rate Fair Value of
Collateral		Loan Currency
 
Mortgage loans$924,530  April 2025 - March 2050 11.4%$924,386 KZT
Uncollateralized bank customer loans249,448  April 2025 - March 2045 28.1%— KZT
Right of claim for purchased retail loans183,635  April 2025 - March 2030 15.0%183,635 KZT
Car loans156,340  April 2025 - April 2032 24.2%155,320 KZT
Collateralized bank customer loans148,759  April 2025 - July 2043 19.6%128,543 KZT
Other7,838 April 2025 - September 2029
18.00% / 12.70%/ 3.00%
29 KZT/EUR/USD
Allowance for loans issued(75,115)
Total loans issued$1,595,435 
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, 2049
10.3%$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 claims for purchased retail loans146,152 April, 2024 - March, 202915.0%146,152 KZT
Collateralized bank customer loans
22,299 June, 2024 - July, 204319.1%22,270 KZT
Subordinated loan5,037 
December, 2025
3.0%— 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 March 31, 2025. Current vintage disclosure is the requirement due to first adoption of ASC 326.
Term Loans by Origination Year
20252024202320222021PriorRevolving loansTotal
Mortgage loans$336,535 $186,816 $370,588 $30,591 $— $— $— $924,530 
that are not credit impaired336,051 184,610 367,918 29,876 — — — 918,455 
with significant increase in credit risk410 1,361 1,402 340 — — — 3,513 
that are credit impaired74 845 1,268 375 — — — 2,562 
Uncollateralized bank customer loans110,094 120,583 18,771 — — — — 249,448 
that are not credit impaired108,045 103,320 15,590 — — — — 226,955 
with significant increase in credit risk1,011 3,557 663 — — — — 5,231 
that are credit impaired1,038 13,706 2,518 — — — — 17,262 
Right of claim for purchased retail loans151,237 30,702 1,688 8 — — — 183,635 
that are not credit impaired151,237 30,702 1,688 8 — — — 183,635 
with significant increase in credit risk— — — — — — — — 
that are credit impaired— — — — — — — — 
Car loans5,974 116,459 33,907 — — — — 156,340 
that are not credit impaired5,974 110,871 26,014 — — — — 142,859 
with significant increase in credit risk— 1,603 836 — — — — 2,439 
that are credit impaired— 3,985 7,057 — — — — 11,042 
Collateralized bank customer loans140,835 7,788 136 — — — — 148,759 
that are not credit impaired138,761 7,498 136 — — — — 146,395 
with significant increase in credit risk2,020 73 — — — — — 2,093 
that are credit impaired54 217 — — — — — 271 
Other232 1,237 6,323 46 — — — 7,838 
that are not credit impaired232 1,229 6,323 46 — — — 7,830 
with significant increase in credit risk— — — — — — — — 
that are credit impaired— 8 — — — — — 8 
Total$744,907 $463,585 $431,413 $30,645 $— $— $— $1,670,550 
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 March 31, 2025 and March 31, 2024, is as follows:
March 31, 2025
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$2,835 $678 $2,562 $918,455 $924,530 
Uncollateralized bank customer loans3,132 2,099 17,262 226,955 249,448 
Right of claim for purchased retail loans— — — 183,635 183,635 
Car loans1,548 892 11,041 142,859 156,340 
Collateralized bank customer loans957 1,135 271 146,396 148,759 
Other— — 8 7,830 7,838 
Total$8,472 $4,804 $31,144 $1,626,130 $1,670,550 
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 as of March 31, 2025 and March 31, 2024 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(10,043)(38,895)(4,703)(5,335)(20,324)(24)(79,324)
Recoveries1,694 6,778 1,524 6,761 8,331 — 25,088 
Write off1 13,273 7 2,914 — 30 16,225 
Forex682 3,001 138 1,457 1,237 — 6,515 
March 31, 2025
$(10,699)$(35,479)$(3,114)$(8,465)$(17,333)$(25)$(75,115)
Allowance for credit losses
Mortgage loanUncollateralized bank customer loansCollateralized bank customer loansCar loansRight of claim for purchased retail loansOtherTotal
March 31, 2023$(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(2,361)(22,464)(115)(15,014)(13,334)(31)(53,319)
Recoveries2,132 10,795 71 8,181 17,095 — 38,274 
Forex(34)(298)(1)(209)(45)— (587)
March 31, 2024
$(3,033)$(19,636)$(80)$(14,262)$(6,577)$(31)$(43,619)