Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 79

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 79
---
 share data, unless otherwise stated)

As of December 31, 2024, and March 31, 2024, using historical and statistical data, the Group had allowances for brokerage receivables in the amounts of $14,357 and $11,990, respectively.

24

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)

NOTE 7 – LOANS ISSUED

Loans issued as of December 31, 2024, consisted of the following:Amount OutstandingDue DatesAverage Interest Rate Fair Value ofCollateralLoan Currency Mortgage loans$809,608  January 2025 - December 2049 11.1%$809,608  KZT Uncollateralized bank customer loans223,646  January 2025 - December 2044 27.7%—  KZT Collateralized bank customer loans170,574  January 2025 - July 2043 16.0%125,656  KZT Car loans164,251  January 2025 - April 2032 24.1%163,375  KZT Right of claim for purchased retail loans135,242  January 2025 - February 2030 15.0%135,242  KZT Subordinated loan6,163 December 20253.0%—  USD Other1,372 January 2025 - September 2029 18.0%/16.5%27  KZT Allowance for loans issued(56,597)Total loans issued$1,454,259 The Group provides mortgage loans to borrowers on behalf of the JSC Kazakhstan Sustainability Fund (the "Program Operator") related to the state mortgage program "7-20-25" and transfers the rights to claim on the mortgage loans to the Program Operator. The proceeds received from these transfers are presented within funds received under state program for financing of mortgage loans in the Condensed Consolidated Statements of Cash Flows. Under this program, borrowers can receive a mortgage at an interest rate of 7% for 20 years, and the interest payments received by the Group are recognized as interest income in the Company’s Consolidated Statements of Operations and Statements of Other Comprehensive Income. In accordance with