Freedom Holding to Buy 99.32% of Turkish Bank A.Ş., Expanding Digital Ecosystem
Freedom Holding Corp. will acquire a 99.32% stake in Turkish Bank A.Ş., pending Turkish regulatory approval. The deal grants Freedom Holding Corp. direct access to Turkey’s ~90 million population market and complements its digital SuperApp strategy by integrating banking, brokerage and investment services.
1. Acquisition Details
Freedom Holding Corp. has signed an agreement to acquire a 99.32% stake in Turkish Bank A.Ş. from Özyol Holding and the National Bank of Kuwait, subject to approval by Turkish regulatory authorities.
2. Strategic Rationale
The acquisition grants Freedom Holding Corp. direct access to Turkey’s banking market serving roughly 90 million people and supports the group’s SuperApp-centric ecosystem by uniting banking, brokerage and investment services under one platform.
3. Integration and Technology Plans
Post-close, Freedom Holding Corp. plans to modernize the bank’s technology, accelerate digital transformation and broaden its product suite aimed at retail customers and small to medium-sized enterprises in Turkey.
4. International Expansion Context
This deal builds on recent expansions into Tajikistan, Georgia and Abu Dhabi, complementing the group’s over 11 million users and 5 million SuperApp base while reinforcing its global fintech footprint.