Transaction establishes a banking foundation for Freedom&#39;s integrated financial and digital ecosystem in Türkiye ISTANBUL, TR / ACCESS Newswire / July 31, 2026 / Freedom Holding Corp. (NASDAQ:FRHC), an international

<p><i><strong>Transaction establishes a banking foundation for Freedom's integrated financial and digital ecosystem in T&#252;rkiye</strong></i></p> <p><strong id="dateline">ISTANBUL, TR / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 31, 2026 / </strong>Freedom Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FRHC">FRHC</a>), an international diversified financial services group operating in more than 20 countries, today announced that, through its subsidiary Freedom Finansal Hizmetler A.Ş., it has completed the acquisition of 99.32% of the share capital of Turkish Bank A.Ş.</p><p>Following completion of the transaction, the financial institution changed its corporate name to Freedom Bank A.Ş. The relevant resolution has been submitted to the Turkish Trade Registry for registration.</p><p>The closing follows the receipt of the required approvals from T&#252;rkiye's Banking Regulation and Supervision Agency and the Turkish competition authority. It marks Freedom Holding Corp.'s formal entry into the Turkish banking sector and represents an important step in the Group's strategy to build an integrated financial and digital services platform in T&#252;rkiye.</p><p>Under the transaction, Freedom acquired the 99.32% interest in the Bank previously held by entities affiliated with &#214;zyol Holding A.Ş. and National Bank of Kuwait.</p><p>Immediately following the transfer of the shares, a general meeting of shareholders was held, at which a new board of directors was elected.</p><p>The Board of Directors of Freedom Bank A.Ş. includes H. Cenk Eynehan, Furkan Evranos, Ayşe Hale Yıldırım and Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.</p><p>The acquisition, together with the development of Freedom's brokerage and capital markets operations in T&#252;rkiye, provides the foundation for the Group to offer a broader range of services to retail, affluent and high-net-worth clients, as well as small and medium-sized businesses and corporate clients.</p><p>Freedom plans to develop a comprehensive ecosystem of financial and everyday services in T&#252;rkiye, with the Bank at its center.</p><p>"In Kazakhstan, we have built an ecosystem in which financial and everyday services operate through a single SuperApp that has become the country's fastest-growing digital service," said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp. "We are now bringing this model to T&#252;rkiye, where clients already have high expectations of their banks, setting a high standard for us. Our task over the coming years is to strengthen the Bank's capital base and technological capabilities so that an ecosystem can develop rapidly around it."</p><p>In Kazakhstan, Freedom's ecosystem brings together banking, brokerage, insurance, payments and investment services, as well as a growing range of lifestyle products, including e-commerce, travel, ticketing and entertainment services. Freedom's ecosystem serves more than 14 million customers across banking, brokerage, insurance, lifestyle and other businesses as of March 2026.</p><p>The Group intends to apply the experience gained through the development of this platform to T&#252;rkiye while adapting its products, technology and client experience to the needs and expectations of the local market. Freedom plans to implement a modernization and growth program focused on strengthening the Bank's capital position, upgrading its technology infrastructure, expanding digital client channels, developing new products and improving operational efficiency.</p><p>The acquisition of the Bank complements Freedom's expansion in T&#252;rkiye's capital markets sector. Freedom Yatırım Menkul Değerler A.Ş. was established following the receipt of an establishment license from the Capital Markets Board of T&#252;rkiye and is being developed as the Group's local brokerage platform. The Bank and Freedom's brokerage and capital markets operations are expected to form the core of a broader platform serving individuals, entrepreneurs and businesses through a combination of financial products, technology and everyday digital services.</p><p><strong>About Freedom Holding Corp.</strong></p><p>Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000<sup>&#174;</sup> Index.</p><p><strong>Freedom Finansal Hizmetler A.Ş.</strong>, a wholly owned subsidiary of Freedom Holding Corp., was established in 2022 to support the Group's expansion in T&#252;rkiye's financial services sector. The company focuses on financial consulting and investments across banking, insurance, capital markets, payment systems and other financial services, including supporting the capitalization and development of portfolio companies.</p><p>In 2025, the Capital Markets Board of T&#252;rkiye granted the company an establishment license. Freedom Yatırım Menkul Değerler A.Ş. was subsequently established and is working toward obtaining an operating brokerage license upon meeting the regulator's requirements</p><p><strong>Turkish Bank A.Ş.</strong> is a commercial bank operating in T&#252;rkiye and a member of TurkishBank Group. The bank provides a range of financial services, including corporate, commercial and retail banking solutions.</p><p><strong>TurkishBank Group</strong>, established in 1901, is a privately owned financial services group operating across T&#252;rkiye, the Turkish Republic of Northern Cyprus and the United Kingdom. The Group provides banking, financial and wealth management solutions through an international network.</p><p><strong>Contact Information:</strong></p><p>Natalia Kharlashina<br/>Head of Public Relations<br/><a rel="nofollow" href="mailto:prglobal@ffin.kz">prglobal@ffin.kz</a><br/><strong>+77013641454</strong></p><p><strong>SOURCE: </strong>Freedom Holding Corp.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/freedom-holding-corp.-completes-acquisition-of-turkish-bank-1199861'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1199861" width="0" height="0"/>

FRHC

Freedom Holding Corp. Completes Acquisition of Turkish Bank

Freedom Holding Expands into Turkish Banking with Freedom Bank A.Ş.

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Transaction establishes a banking foundation for Freedom&amp;#39;s integrated financial and digital ecosystem in Türkiye ISTANBUL, TR / ACCESS Newswire / July 31, 2026 / Freedom Holding Corp. (NASDAQ:FRHC), an international</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Freedom Holding Corp. completed the acquisition of 99.32% of Turkish Bank A.Ş., renaming it Freedom Bank A.Ş., after BRSA and competition approvals. This marks FRHC&#039;s formal entry into Turkey and supports its plan to build an integrated financial and digital ecosystem centered on banking, with cross-sell benefits to its brokerage and capital markets businesses.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>FRHC completes 99.32% Turkish Bank A.Ş. acquisition; bank renamed Freedom Bank A.Ş.</li><li>BRSA and Turkish competition authority approvals obtained.</li><li>Entry into Turkish banking supports Freedom&#039;s integrated financial and digital ecosystem plan.</li><li>Board includes Timur Turlov; aims to strengthen capital base and tech for Turkey.</li><li>Freedom to integrate banking with brokerage and capital markets in Turkey, leveraging Kazakhstan experience.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Freedom Holding Corp. (FRHC)</strong>: Completes Turkish acquisition; expands into Turkey and pivots toward an integrated financial/digital platform.</li><li><strong>Turkish Bank A.Ş. (N/A)</strong>: Acquired by Freedom; renamed Freedom Bank A.Ş.; central node for Turkey-focused ecosystem.</li><li><strong>National Bank of Kuwait (NBK.KW)</strong>: Former majority seller of Turkish Bank stake; strategic relationship implications remain worth watching.</li><li><strong>Özyol Holding A.Ş. (N/A)</strong>: Seller of 99.32% stake; tied to FRHC acquisition dynamics and Turkish market exposure.</li><li><strong>Freedom Yatırım Menkul Değerler A.Ş. (N/A)</strong>: Local brokerage platform under development; aligns with Turkey market expansion.</li></ul>
  </section>

  <section data-block="category">
    <h3>M&amp;A</h3>
    <p>Category: M&amp;A. The article documents a completed acquisition and the strategic creation of an integrated financial ecosystem in Turkey, aligning with Freedom’s existing model in Kazakhstan and signaling potential multi-line revenue growth through cross-selling across banking, brokerage, and capital markets.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Turkish acquisition accelerates FRHC&#039;s cross-border ecosystem expansion and revenue opportunities.</li><li>Regulatory clearance reduces near-term risk but integration and execution remain key tasks.</li><li>Banking foothold may enable cross-sell across brokerage, insurance, and payments over time.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>FRHC completed 99.32% stake of Turkish Bank A.Ş. on July 31, 2026.</li><li>Turkish Bank A.Ş. renamed Freedom Bank A.Ş. after closing.</li><li>Approvals from BRSA and Turkish competition authority obtained.</li><li>Freedom Yatırım Menkul Değerler A.Ş. established after 2025 establishment license from Capital Markets Board of Türkiye.</li><li>Freedom&#039;s ecosystem served over 14 million customers in Kazakhstan as of March 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>FRHC could gain medium-term upside as Turkey expansion builds a broader financial ecosystem over 12–24 months.</p>
  </section>
</section>


<p><i><strong>Transaction establishes a banking foundation for Freedom's integrated financial and digital ecosystem in T&#252;rkiye</strong></i></p> <p><strong id="dateline">ISTANBUL, TR / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 31, 2026 / </strong>Freedom Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FRHC">FRHC</a>), an international diversified financial services group operating in more than 20 countries, today announced that, through its subsidiary Freedom Finansal Hizmetler A.Ş., it has completed the acquisition of 99.32% of the share capital of Turkish Bank A.Ş.</p><p>Following completion of the transaction, the financial institution changed its corporate name to Freedom Bank A.Ş. The relevant resolution has been submitted to the Turkish Trade Registry for registration.</p><p>The closing follows the receipt of the required approvals from T&#252;rkiye's Banking Regulation and Supervision Agency and the Turkish competition authority. It marks Freedom Holding Corp.'s formal entry into the Turkish banking sector and represents an important step in the Group's strategy to build an integrated financial and digital services platform in T&#252;rkiye.</p><p>Under the transaction, Freedom acquired the 99.32% interest in the Bank previously held by entities affiliated with &#214;zyol Holding A.Ş. and National Bank of Kuwait.</p><p>Immediately following the transfer of the shares, a general meeting of shareholders was held, at which a new board of directors was elected.</p><p>The Board of Directors of Freedom Bank A.Ş. includes H. Cenk Eynehan, Furkan Evranos, Ayşe Hale Yıldırım and Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.</p><p>The acquisition, together with the development of Freedom's brokerage and capital markets operations in T&#252;rkiye, provides the foundation for the Group to offer a broader range of services to retail, affluent and high-net-worth clients, as well as small and medium-sized businesses and corporate clients.</p><p>Freedom plans to develop a comprehensive ecosystem of financial and everyday services in T&#252;rkiye, with the Bank at its center.</p><p>"In Kazakhstan, we have built an ecosystem in which financial and everyday services operate through a single SuperApp that has become the country's fastest-growing digital service," said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp. "We are now bringing this model to T&#252;rkiye, where clients already have high expectations of their banks, setting a high standard for us. Our task over the coming years is to strengthen the Bank's capital base and technological capabilities so that an ecosystem can develop rapidly around it."</p><p>In Kazakhstan, Freedom's ecosystem brings together banking, brokerage, insurance, payments and investment services, as well as a growing range of lifestyle products, including e-commerce, travel, ticketing and entertainment services. Freedom's ecosystem serves more than 14 million customers across banking, brokerage, insurance, lifestyle and other businesses as of March 2026.</p><p>The Group intends to apply the experience gained through the development of this platform to T&#252;rkiye while adapting its products, technology and client experience to the needs and expectations of the local market. Freedom plans to implement a modernization and growth program focused on strengthening the Bank's capital position, upgrading its technology infrastructure, expanding digital client channels, developing new products and improving operational efficiency.</p><p>The acquisition of the Bank complements Freedom's expansion in T&#252;rkiye's capital markets sector. Freedom Yatırım Menkul Değerler A.Ş. was established following the receipt of an establishment license from the Capital Markets Board of T&#252;rkiye and is being developed as the Group's local brokerage platform. The Bank and Freedom's brokerage and capital markets operations are expected to form the core of a broader platform serving individuals, entrepreneurs and businesses through a combination of financial products, technology and everyday digital services.</p><p><strong>About Freedom Holding Corp.</strong></p><p>Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000<sup>&#174;</sup> Index.</p><p><strong>Freedom Finansal Hizmetler A.Ş.</strong>, a wholly owned subsidiary of Freedom Holding Corp., was established in 2022 to support the Group's expansion in T&#252;rkiye's financial services sector. The company focuses on financial consulting and investments across banking, insurance, capital markets, payment systems and other financial services, including supporting the capitalization and development of portfolio companies.</p><p>In 2025, the Capital Markets Board of T&#252;rkiye granted the company an establishment license. Freedom Yatırım Menkul Değerler A.Ş. was subsequently established and is working toward obtaining an operating brokerage license upon meeting the regulator's requirements</p><p><strong>Turkish Bank A.Ş.</strong> is a commercial bank operating in T&#252;rkiye and a member of TurkishBank Group. The bank provides a range of financial services, including corporate, commercial and retail banking solutions.</p><p><strong>TurkishBank Group</strong>, established in 1901, is a privately owned financial services group operating across T&#252;rkiye, the Turkish Republic of Northern Cyprus and the United Kingdom. The Group provides banking, financial and wealth management solutions through an international network.</p><p><strong>Contact Information:</strong></p><p>Natalia Kharlashina<br/>Head of Public Relations<br/><a rel="nofollow" href="mailto:prglobal@ffin.kz">prglobal@ffin.kz</a><br/><strong>+77013641454</strong></p><p><strong>SOURCE: </strong>Freedom Holding Corp.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/freedom-holding-corp.-completes-acquisition-of-turkish-bank-1199861'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1199861" width="0" height="0"/>

Freedom Holding Corp. completed the acquisition of 99.32% of Turkish Bank A.Ş., renaming it Freedom Bank A.Ş., after BRSA and competition approvals. This marks FRHC's formal entry into Turkey and supports its plan to build an integrated financial and digital ecosystem centered on banking, with cross-sell benefits to its brokerage and capital markets businesses.

News insight

Freedom Holding Corp. Completes Acquisition of Turkish Bank

AI summary

Sentiment rationale

Key facts

M&A