Freedom Holding Announces Launch of New Brokerage in Turkey
Freedom Holding Corp. (NASDAQ: FRHC) has received approval from Turkey's Capital Markets Board to establish a new brokerage firm, Freedom Yatirim Menkul Degerler JSC. The company plans to enter the Turkish brokerage services market in 2025, leveraging its successful European technology platform that has attracted 320,000 customers.
CEO Timur Turlov expressed confidence in gaining market share through integrated mobile applications with banking services, offering access to both domestic and international markets. The company plans to allocate 20-30% of its annual profit for Turkish expansion. For the six months ended September 30, Freedom Holding reported total revenues of $1.03 billion and net profit of $375 million.
Freedom Holding Corp. (NASDAQ: FRHC) ha ricevuto l'approvazione dalla Commissione dei Mercati Capitali della Turchia per creare una nuova società di intermediazione, Freedom Yatirim Menkul Degerler JSC. L'azienda prevede di entrare nel mercato dei servizi di intermediazione turchi nel 2025, sfruttando la sua piattaforma tecnologica europea di successo che ha attratto 320.000 clienti.
Il CEO Timur Turlov ha espresso fiducia nell'acquisire quote di mercato attraverso applicazioni mobili integrate con servizi bancari, offrendo accesso ai mercati sia domestici che internazionali. L'azienda prevede di allocare dal 20 al 30% del suo profitto annuale per l'espansione in Turchia. Nei sei mesi terminati il 30 settembre, Freedom Holding ha riportato ricavi totali di 1,03 miliardi di dollari e un utile netto di 375 milioni di dollari.
Freedom Holding Corp. (NASDAQ: FRHC) ha recibido la aprobación de la Junta de Mercados de Capital de Turquía para establecer una nueva firma de corretaje, Freedom Yatirim Menkul Degerler JSC. La compañía planea ingresar al mercado de servicios de corretaje turco en 2025, aprovechando su exitosa plataforma tecnológica europea que ha atraído a 320,000 clientes.
El CEO Timur Turlov expresó confianza en ganar cuota de mercado a través de aplicaciones móviles integradas con servicios bancarios, ofreciendo acceso a mercados tanto nacionales como internacionales. La empresa planea destinar entre el 20% y el 30% de su ganancia anual a la expansión en Turquía. Para los seis meses finalizados el 30 de septiembre, Freedom Holding reportó ingresos totales de 1.03 mil millones de dólares y una ganancia neta de 375 millones de dólares.
프리덤 홀딩 코퍼레이션 (NASDAQ: FRHC)은 터키 자본시장 위원회로부터 새로운 중개 회사인 Freedom Yatirim Menkul Degerler JSC 설립 승인을 받았습니다. 이 회사는 2025년까지 터키 중개 서비스 시장에 진입할 계획이며, 32만 고객을 유치한 성공적인 유럽 기술 플랫폼을 활용할 것입니다.
CEO인 티무르 투를로프는 은행 서비스와 통합된 모바일 애플리케이션을 통해 시장 점유율을 확보할 수 있다는 자신감을 표명했습니다. 이를 통해 국내 및 국제 시장에 접근할 수 있습니다. 이 회사는 터키 확장을 위해 연간 이익의 20-30%를 할당할 계획입니다. 9월 30일로 종료된 6개월 동안 프리덤 홀딩은 총 수익 10억 3000만 달러와 순이익 3억 7500만 달러를 기록했습니다.
Freedom Holding Corp. (NASDAQ: FRHC) a reçu l'approbation de la Commission des Marchés de Capitaux de Turquie pour établir une nouvelle société de courtage, Freedom Yatirim Menkul Degerler JSC. La société prévoit d'entrer sur le marché des services de courtage en Turquie en 2025, en s'appuyant sur sa plateforme technologique européenne à succès qui a attiré 320 000 clients.
Le PDG Timur Turlov a exprimé sa confiance dans l'acquisition de parts de marché grâce à des applications mobiles intégrées avec des services bancaires, offrant ainsi un accès aux marchés domestiques et internationaux. L'entreprise prévoit d'allouer 20 à 30 % de son bénéfice annuel à l'expansion en Turquie. Pour les six mois se terminant le 30 septembre, Freedom Holding a rapporté des revenus totaux de 1,03 milliard de dollars et un bénéfice net de 375 millions de dollars.
Freedom Holding Corp. (NASDAQ: FRHC) hat die Genehmigung der türkischen Kapitalmarktbehörde erhalten, um ein neues Maklerunternehmen, Freedom Yatirim Menkul Degerler JSC, zu gründen. Das Unternehmen plant, 2025 in den türkischen Brokerdienstleistungsmarkt einzutreten und dabei auf seine erfolgreiche europäische Technologieplattform zurückzugreifen, die bereits 320.000 Kunden angezogen hat.
CEO Timur Turlov äußerte Vertrauen darin, Marktanteile durch integrierte mobile Anwendungen mit Bankdienstleistungen zu gewinnen, die sowohl Zugang zu inländischen als auch internationalen Märkten bieten. Das Unternehmen plant, 20-30% seines Jahresgewinns für die Expansion in der Türkei zu verwenden. Für die sechs Monate bis zum 30. September berichtete Freedom Holding von Gesamterlösen in Höhe von 1,03 Milliarden Dollar und einem Nettogewinn von 375 Millionen Dollar.
- Received regulatory approval to enter Turkish market
- Strong European presence with 320,000 customers
- Substantial revenue of $1.03B and net profit of $375M in last 6 months
- 20-30% of annual profit committed to Turkish market expansion
- Significant capital allocation required for Turkish expansion may impact other operations
Insights
The expansion into Turkey represents a strategic market entry with compelling financials and growth potential. With
The integration of brokerage services with banking through mobile applications positions Freedom Holding to capture market share in Turkey's evolving fintech landscape. The company's success in Europe, with 320,000 customers, demonstrates its ability to scale in new markets. The technology-first approach, combined with cross-border trading capabilities, particularly U.S. market access, creates a compelling value proposition for Turkish retail investors seeking diversification beyond local markets.
The regulatory approval from Turkey's Capital Markets Board is a important milestone, as obtaining brokerage licenses in Turkey involves stringent requirements. This regulatory green light significantly de-risks the expansion strategy and provides a solid foundation for market entry.
This expansion aligns perfectly with the growing trend of "super apps" in emerging markets. Freedom Holding's ecosystem model from Kazakhstan, integrating lifestyle platforms with financial services, could find fertile ground in Turkey's digital-savvy population. The Turkish market presents unique advantages: a median age of 32.2 years, high smartphone penetration rates and increasing adoption of digital financial services.
The timing is strategic, as Turkey's domestic brokerage market is ripe for disruption. Traditional brokers often lack sophisticated mobile platforms and international market access. Freedom Holding's integrated approach, combining banking services with investment capabilities, addresses a clear market gap. The commitment of
ISTANBUL, TR / ACCESSWIRE / January 14, 2025 / Freedom Holding Corp., a Nasdaq-listed diversified financial services company, is establishing a new brokerage firm in Turkey. The Capital Markets Board of Turkey, the country's regulatory authority, has decided to grant a license to Freedom Financial Services Inc., a subsidiary of Freedom Holding, to establish the new brokerage company, Freedom Yatirim Menkul Degerler JSC.
At the end of 2024, the CEO and founder of Freedom Holding, Timur Turlov, announced the company's plans to enter the brokerage services market in Turkey during 2025.
Turlov stated that the company's advanced technology, which has been instrumental in its success in Europe-where it has attracted 320,000 customers-will be key to gaining market share in Turkey.
"By offering access to domestic and international markets, especially the U.S., we are confident that we can try to win in Turkey, especially thanks to our integrated mobile applications with banking services," said Turlov.
Freedom Holding Corp. is headquartered in Almaty, Kazakhstan, where it has already established its ecosystem model, integrating lifestyle platforms and financial services. This model could potentially serve as the foundation for developing a scalable international "everything application."
"For the people of Kazakhstan, Turkey is a brother nation," says Turlov.
It is expected that 20
About Freedom Holding Corp.
Freedom Holding Corp. is an international financial and investment services group specializing in capital markets, asset management, and brokerage services.
Freedom Holding Corp's common shares are registered with the United States Securities and Exchange Commission and trade on the Nasdaq Capital Market under the symbol FRHC. The Company has its principal market of operation in Kazakhstan and operates through its subsidiaries in 22 countries.
For media inquiries, please contact:
Natalia Kharlashina
PR Department, Freedom Holding Corp.
email: natalia.kharlashina@ffin.kz
SOURCE: Freedom Holding Corp
View the original press release on accesswire.com
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