Freedom Bank Kazakhstan Receives Its First Moody’s Rating at Ba3 with Stable Outlook
The post Freedom Bank Kazakhstan Receives Its First Moody’s Rating at Ba3 with Stable Outlook appeared on BitcoinEthereumNews.com.
New York, United States, March 18th, 2026, FinanceWire Freedom Holding Corp. (Nasdaq: FRHC), an international fintech group founded by entrepreneur Timur Turlov, announces that Moody’s Ratings has assigned its subsidiary, Freedom Bank Kazakhstan, a long-term deposit rating of Ba3 with a stable outlook. This marks Moody’s first rating of the bank and an important milestone in its development and international recognition. The rating reflects the bank’s solid capitalization, dynamic growth in its customer base and deposit portfolio, and continued development of its retail and digital businesses. Moody’s also highlights the important role of Freedom Bank within the ecosystem of Freedom Holding Corp., which integrates financial and digital services. The stable outlook reflects the agency’s expectation that the bank’s financial performance and business model will support balanced growth over the next 12–18 months. At the same time, the rating also takes into account the bank’s high-growth phase, including the ongoing transformation of its business model, a reduction in reliance on more volatile income sources, and the continued development of its lending operations. Freedom Bank will continue to implement its strategy to diversify income sources, develop its loan portfolio, and improve operational efficiency. In Kazakhstan, Freedom Bank is among the country’s largest financial institutions. The number of SuperApp users reached 5 million, doubling over the past year, and is expected to grow to 8 million by the end of the year. As part of its broader growth strategy, CEO Timur Turlov plans to further scale the company’s SuperApp ecosystem while expanding Freedom Holding Corp.’s international banking footprint. The company has recently expanded into Tajikistan and is in the process of acquiring a bank in Georgia. It has also agreed to acquire a bank in Turkey, strengthening its presence in a key regional market. Freedom Holding Corp.’s strong financial position is further supported…
Filed under: News - @ March 18, 2026 5:25 am