Freedom Holding CorpFreedom Holding Corp's subsidiary receives regulatory approval to acquire 99.32% of Turkish Bank, expanding its presence in Turkey.

Freedom Finansal Hizmetler has received approval from Türkiye's Banking Regulation and Supervision Agency and the Competition Authority to acquire 99.32% of Turkish Bank from Özyol Holding and the National Bank of Kuwait. The transaction excludes TurkishBank Group's operations in the UK and Cyprus. Once completed, Turkish Bank will join Freedom Holding's existing brokerage, investment, and capital markets units in Türkiye while remaining under Turkish regulatory oversight, and will be linked to Freedom's digital financial services and technology-based distribution. The approval comes as Freedom Holding finalizes its brokerage setup in the country, with plans to later expand into e-commerce, telecommunications, and lifestyle services.
Freedom Holding CorpFreedom Holding Corp's subsidiary receives regulatory approval to acquire 99.32% of Turkish Bank, expanding its presence in Turkey.
Freedom Finansal Hizmetler is the direct acquirer, receiving regulatory nod to buy 99.32% of Turkish Bank.
Turkish Bank is being acquired by Freedom Finansal Hizmetler, with regulatory approval obtained.