FRHC•FRHC•Türkiye’s BRSA approved Freedom Holding’s acquisition of 99.32% of Turkish Bank A.Ş., a lender established in 1982, advancing its full-service financial platform expansion. The deal follows the launch of Freedom SuperApp, which reached 5.67 million users in Kazakhstan, and sets the foundation for integrated banking, capital markets and insurance offerings.
Türkiye’s Banking Regulation and Supervision Agency and Competition Authority approved Freedom Holding Corp.’s planned acquisition of 99.32% share capital of Turkish Bank A.Ş. Founded in 1982, Turkish Bank will join Freedom’s existing brokerage, investment and capital markets operations in Turkey upon closing.
Türkiye represents a strategic market with a potential client base four to five times larger than Kazakhstan’s. Freedom aims to replicate its Kazakhstan success, where its Freedom SuperApp reached 5.67 million users in under two years, by offering integrated financial services on a digital platform.
Following BRSA approval, Freedom awaits final authorization from Turkey’s Capital Markets Board to launch its brokerage business. The integration plan focuses on technology infrastructure, client experience, product development and operational efficiency across banking, capital markets and insurance lines.
The Turkish Bank acquisition supports Freedom’s broader Eurasia strategy, complementing its banking presence in Tajikistan and upcoming licenses in Georgia and France, where it plans to invest around €500 million to build a digital financial ecosystem.
