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Freedom Holding Corp. Receives BRSA Approval to Acquire Turkish Bank
The approval moves Freedom Holding closer to closing a 99.32% purchase and expanding its integrated financial services platform in Türkiye.
- On Wednesday, Freedom Holding Corp. received regulatory approval from Turkey's Banking Regulation and Supervision Agency and Competition Authority to acquire 99.32% of Turkish Bank's share capital.
- The acquisition will integrate Turkish Bank into Freedom's platform alongside its brokerage, investment, and capital markets businesses, supporting the Group's regional strategy across Eurasia and the Middle East.
- Founder Timur Turlov stated that Freedom plans to modernize Turkish Bank through digital transformation, aiming to replicate the digital ecosystem model that has proven successful in Kazakhstan.
- "We will combine the heritage of an established Turkish banking institution with Freedom," said H. Cenk Eynehan, Chief Executive Officer of Freedom Finansal Hizmetler, emphasizing integration priorities.
- Nasdaq-Listed Freedom Holding continues expanding across Eurasia and the Middle East, having recently applied for a banking license in France where it plans to invest €500 million in its digital ecosystem.
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12 Articles
12 Articles
The Banking Regulation and Supervision Agency (BDDK) and the Competition Authority have officially approved Freedom Holding's acquisition of 99.32% of Turkish Bank's shares.
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Total News Sources12
Leaning Left0Leaning Right1Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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