Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 87

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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 Total$7,876 $5,024 $20,525 $1,391,909 $1,425,334 The activity in the allowance for credit losses for the three months ended December 31, 2024 and 2023 is summarized in the following tables.

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

Allowance for credit lossesMortgage loanUncollateralized bank customer loansCollateralized bank customer loansCar loansRight of claim for purchased retail loansOtherTotalMarch 31, 2024$(3,033)$(19,636)$(80)$(14,262)$(6,577)$(31)$(43,619)Charges(6,258)(28,099)(3,437)(4,086)(9,335)(22)(51,237)Recoveries1,089 5,257 53 5,506 5,216 — 17,121 Write off— 12,838 4 2,713 — 32 15,587 Forex560 2,852 153 1,927 59 — 5,551 December 31, 2024$(7,642)$(26,788)$(3,307)$(8,202)$(10,637)$(21)$(56,597)Allowance for credit lossesMortgage loanUncollateralized bank customer loansCollateralized bank customer loansCar loansRight of claim for purchased retail loansOtherTotalMarch 31, 2023$(554)$(233)$— $(758)$(1,247)$— $(2,792)Adjustment to allowance for adoption of ASU 2016-13(2,216)(7,436)(35)(6,462)(9,046)— (25,195)Charges(1,760)(16,846)(84)(13,013)(10,493)(11,008)(53,204)Recoveries1,782 9,826 58 7,096 15,617 — 34,379 Forex17 16 1 17 87 — 138 December 31, 2023$(2,731)$(14,