Freedom Holding Corp. (FRHC) announced Tuesday it is considering acquiring a bank in Kazakhstan. The company clarified that no immediate transaction is planned, confirming it holds no active negotiations with any specific bank.
This confirmation follows earlier statements made by CEO Timur Turlov to Bloomberg. Turlov seeks a Kazakh bank with assets of at least 2.5 trillion tenge. FRHC intends to merge the acquired entity with its existing Freedom Bank.
As of January 1, 2026, Freedom Bank ranked as the 10th largest bank in Kazakhstan by assets.