Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 130

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 130
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 of a decrease in the total size of our trading portfolio and a decrease in the amount of bonds we held as a percentage of our total trading portfolio between the two periods.

Additionally, the interest income on securities available-for-sale increased by $3.5 million, or 47%, compared to the three months ended December 31, 2023. Such increase 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