Freedom Holding Corp. (FRHC) is pursuing bank acquisitions in Armenia and France to expand its global footprint. The company also plans to launch brokerage services in Portugal, the Czech Republic, Hungary, and Romania.
Freedom Finance Europe reported a net profit of $252.7 million for the previous year. This annual profit figure more than doubled compared to the prior period.
Management identified Armenian bank valuations exceeding $100 million as a significant entry barrier. Lower licensing costs in Europe position France as a more cost-effective expansion target.