Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 15

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 was due to the increase of volume of available-for-sale securities which is attributable to the purchase of debt securities of the Ministry of Finance of the Republic of Kazakhstan. 

The following table provides a summary of the monthly average balances and average interest rates for the major categories of our interest-earning assets for the three months ended December 31, 2024 and 2023.

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Three months ended December 31,20242023(amounts in thousands)Average balanceInterest-earning assetsTrading securities $3,331,297 $3,468,932Loans issued1,363,371 1,314,966Margin lending, brokerage and other receivables, net 2,485,961 1,084,052Available for sale securities, at fair value395,396 205,955Average yieldsTrading securities 12.0 %13.7 %Loans issued15.9 %15.9 %Margin lending, brokerage and other receivables, net10.2 %11.3 %Available- for- sale securities, at fair value11.6 %15.3 %Interest incomeInterest income on trading securities $95,666$112,860Interest income on loans to customers51,08949,529Interest income on margin loans to customers61,29529,483Interest income on available- for- sale securities11,0277,478Other interest income5,6115,025Total interest income$224,688$204,375

Interest income on margin loans to customers includes income accrued on off-balance sheet arrangements, the monthly average balance of which is not included in the table above. These off-balance sheet arrangements mainly included repurchase agreements of our brokerage clients. As of December 31, 2024 and 2023, the monthly average balance of off-balance sheet arrangements were   and $788.2 million, respectively, and the weighted average interest rate was 0.0%, and 11.7%, respectively. 

The following table sets forth the effects of changing rates and volumes on interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate), The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on changes due to rate and the changes due to volume.

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