Freedom Bank Kazakhstan Receives Its First Moody's Rating at Ba3 with Stable Outlook

Group 1 - Freedom Holding Corp.'s subsidiary, Freedom Bank Kazakhstan, received a long-term deposit rating of Ba3 from Moody's with a stable outlook, marking an important milestone for the bank's development and international recognition [2][3] - The rating reflects Freedom Bank's solid capitalization, dynamic growth in its customer base and deposit portfolio, and the ongoing development of its retail and digital businesses [3][4] - The stable outlook indicates expectations of balanced growth in the bank's financial performance and business model over the next 12–18 months, while acknowledging the bank's high-growth phase and transformation of its business model [4] Group 2 - Freedom Bank aims to diversify income sources, develop its loan portfolio, and improve operational efficiency, with the number of SuperApp users reaching 5 million, doubling over the past year, and projected to grow to 8 million by year-end [5] - CEO Timur Turlov plans to scale the SuperApp ecosystem and expand Freedom Holding Corp.'s international banking footprint, with recent expansions into Tajikistan and acquisitions in Georgia and Turkey [6] - Freedom Holding Corp. operates in 21 countries, providing a wide range of financial services, including digital banking, lending, investment, and insurance products, and is actively developing its financial and digital ecosystem in Kazakhstan [8]