Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 71

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 solution to replicate its functions, ensuring continuity and scalability of the lending operations. The bank has legal ownership over purchase from FFIN Credit uncollateralized retail loans, however, in accordance with U.S. GAAP requirements, the Group does not recognize those loans, since effective control over the transferred loans are maintained by FFIN Credit. Instead, the Group recognizes the loans receivable from FFIN Credit presented on the Condensed Consolidated Balance Sheets within the loans issued. As of June 30, 2025 and March 31, 2025, right of claims for purchased retail loans amounted to $226,357 and $183,635, respectively.The total accrued interest for loans issued amounted to $15,275 as of June 30, 2025 and $13,385 as of March 31, 2025. Loans issued as of March 31, 2025, consisted of the following: Amount OutstandingDue DatesAverage Interest Rate Fair Value ofCollateralLoan Currency Mortgage loans$924,530 April 2025 - March 205011.4%$924,386 KZTUncollateralized bank customer loans249,448 April 2025 - March 204528.1%— KZTRight of claim for purchased retail loans183,635 April 2025 - March 203015.0%183,635 KZTCar loans156,340 April 2025 - April 203224.2%155,320 KZTCollateralized bank customer loans148,759 April 2025 - July 204319.6%128,543 KZTOther7,838 April 2025 - September 202918.0%/12.70%/3.00%29 KZT/EUR/USDAllowance for loans issued(75,115)Total loans issued$1,595,435  Credit quality indicatorsFreedom Bank KZ uses a loan portfolio quality classification system that indicates signs of a significant increase in credit risk and contractual impairment, depending on the analysis of reasonable and supportable information available at the reporting date. The loan portfolio is classified into "not credit impaired," "with significant increase in credit risk" and "credit impaired" agreements.

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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,