In the bank's statement, it is mentioned that as part of the updated international strategy, there are currently no plans to establish a subsidiary bank in Kyrgyzstan. However, the organization continues to study the market in terms of long-term regional development. The bank is currently focusing its efforts on analyzing other foreign directions identified as a result of recent meetings and trips by the management. These directions are in the process of development and analysis.
Previously, there were reports about plans to create a subsidiary bank in Kyrgyzstan, which was intended to operate as a closed joint-stock company called Freedom Bank KG. Source.
In Kyrgyzstan, "Freedom Bank Kazakhstan" is already actively operating through its subsidiaries, which provide brokerage services (Freedom Broker), payment solutions (Freedom Pay Kyrgyzstan), and also engage in ticket sales (Ticketon Events KG).
The founder and majority shareholder of Freedom Holding Corp. is Timur Turlov, who owns about 70 percent of the company. Over the past two years, the number of countries where the company has business interests has increased and now includes Turkey, Georgia, Tajikistan, and Estonia. Turlov ranks second on the list of the 75 wealthiest people in Kazakhstan.
