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Freedom Bank Kazakhstan offers products such as multi-currency and investment cards, online lending, and digital mortgages. In 2022, the bank had a market share of 58% in the online lending niche. [ 39 ] [ 40 ] By the end of 2023, it ranked among the top 8 banks by asset size.
The National Bank of the Republic of Kazakhstan is the central bank of Kazakhstan and presents the upper (first) tier of the banking system of Kazakhstan. The National Bank represents, within the limits of its authority, the interests of the Republic of Kazakhstan in the relationship with the central banks, with banks of other countries, in the international banks and other financial-credit ...
As of 2022, the subsidiary was the most active trading participant at the Kazakhstan Stock Exchange. [2] [16] In 2015, Turlov became the main shareholder of Freedom Holding Corp. [17] He used this brand to put Freedom Finance Investment Company, Freedom Finance JSC, Freedom24 and Freedom Finance Bank under one umbrella label. [18]
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Kassa Nova, formerly owned by Utemuratov, was established in 2009 and was acquired in 2020 by Freedom Holding Corp for an approximate $41 million. [10] After Samruk-Kazyna SWF closed a sale of its shares in Temirbank and part of its shares in Alliance Bank to Utemuratov in May 2014, ForteBank was created. [11]
The National Bank of Kazakhstan was established on the basis of the Kazakh Republican Bank of the State Bank of the USSR (since 1990, the State Bank of the Kazakh SSR; since 1991, the National State Bank of the Kazakh SSR). On 13 April 1993, in accordance with the Law "On the National Bank of the Republic of Kazakhstan", the National Bank of ...
Inside the bank there is a division into brands: ForteBank — a bank for individuals, offering customers debit cards, credit cards, loans, and deposits. ForteBusiness —a bank for legal entities, offering customers corporate cards, accounts, loans, and deposits. ForteMarket — a marketplace through which Kazakh stores can sell their goods.
Halyk Bank is headquartered in the city of Almaty, which was the country's capital until 1997. Halyk Bank merged with Kazkommertsbank on 27 July 2018. [5] Halyk is Kazakhstan's largest bank with a 35% market share. [6] Due to protests in January 2022 in Kazakhstan, the share of Halyk bank traded at London Stock Exchange fell 16%. [7]