Latest news with #FreedomHoldingCorp.
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
Freedom Holding Corp.: S&P Global Ratings Upgrades Outlook on Key Operating Subsidiaries to "Positive" on Strengthened Risk Management and Compliance
ALMATY, Kazakhstan, June 28, 2025 /PRNewswire/ — International credit rating agency S&P Global Ratings has revised the outlook on Freedom Holding Corp.'s core operating subsidiaries from 'Stable' to 'Positive,' while affirming their credit ratings at 'B+/B'. The revised outlook applies to Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC. The rating of the parent company, Freedom Holding Corp., was affirmed at 'B-' with a Stable outlook. Positive Outlook: recognition of systemic progress The revised outlook reflects Freedom Holding's significant achievements in consolidating and enhancing its risk management and compliance functions across the organization. Over the past two years, the group has implemented a centralized risk management policy, adopted unified risk appetite standards, established a compliance project management office, and expanded its oversight team to include 129 risk specialists and 162 compliance professionals operating across 22 jurisdictions. 'We've come a long way — turning fragmented control functions into a unified, centralized system at the group level. This decision reflects the maturity of our governance model,' commented CEO Timur Turlov. Focus on resilience: lower risk and balanced growth The holding's overall capitalization strengthened in fiscal year 2025. Its risk-adjusted capital (RAC) ratio rose from 11.6% to around 13%, supported by moderate balance sheet growth, a decline in economic and industry risks in Kazakhstan, and a resilient brokerage business. As of March 2025, Freedom Group serves around 5 million customers, including over 4.4 million financial clients, with its SuperApp becoming a key digital tool for users' day-to-day financial activities. Market leadership in Kazakhstan, growth in Europe S&P highlighted Freedom's continued leadership in Kazakhstan's retail brokerage sector, serving approximately 683,000 clients worldwide, of whom over 151,000 executed at least one trade in the last quarter of FY2025. The group is also expanding its presence in Europe, with 391,000 clients via its Cyprus-based subsidiary and offices in 10 EU countries. The holding company continues to invest in the telecom segment and maintains a sustainable business model supported by income from brokerage operations. About Freedom Holding Corp. Freedom Holding Corp. is an international financial and technology group listed on the Nasdaq (ticker: FRHC). The company offers investment, banking, insurance, and digital services through its integrated platform, Freedom SuperApp. The group operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). Contact Public RelationsNatalia KharlashinaFreedom Holding Corp.[email protected] Logo –
Business Insider
2 days ago
- Business
- Business Insider
Freedom Holding Corp.: S&P Global Ratings Upgrades Outlook on Key Operating Subsidiaries to 'Positive' on Strengthened Risk Management and Compliance
Almaty, Kazakhstan, June 27th, 2025, FinanceWire International credit rating agency S&P Global Ratings has revised the outlook on Freedom Holding Corp.'s core operating subsidiaries from 'Stable' to 'Positive,' while affirming their credit ratings at 'B+/B'. The revised outlook applies to Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC. The rating of the parent company, Freedom Holding Corp., was affirmed at 'B-' with a Stable outlook. Positive Outlook: recognition of systemic progress The revised outlook reflects Freedom Holding's significant achievements in consolidating and enhancing its risk management and compliance functions across the organization. Over the past two years, the group has implemented a centralized risk management policy, adopted unified risk appetite standards, established a compliance project management office, and expanded its oversight team to include 129 risk specialists and 162 compliance professionals operating across 22 jurisdictions. 'We've come a long way — turning fragmented control functions into a unified, centralized system at the group level. This decision reflects the maturity of our governance model,' commented CEO Timur Turlov. Focus on resilience: lower risk and balanced growth The holding's overall capitalization strengthened in fiscal year 2025. Its risk-adjusted capital (RAC) ratio rose from 11.6% to around 13%, supported by moderate balance sheet growth, a decline in economic and industry risks in Kazakhstan, and a resilient brokerage business. As of March 2025, Freedom Group serves around 5 million customers, including over 4.4 million financial clients, with its SuperApp becoming a key digital tool for users' day-to-day financial activities. Market leadership in Kazakhstan, growth in Europe S&P highlighted Freedom's continued leadership in Kazakhstan's retail brokerage sector, serving approximately 683,000 clients worldwide, of whom over 151,000 executed at least one trade in the last quarter of FY2025. The group is also expanding its presence in Europe, with 391,000 clients via its Cyprus-based subsidiary and offices in 10 EU countries. The holding company continues to invest in the telecom segment and maintains a sustainable business model supported by income from brokerage operations. About Freedom Holding Corp. Freedom Holding Corp. is an international financial and technology group listed on the Nasdaq (ticker: FRHC). The company offers investment, banking, insurance, and digital services through its integrated platform, Freedom SuperApp. The group operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC). Contact Public Relations
Yahoo
28-05-2025
- Business
- Yahoo
Freedom Holding Corp. To Host Investors' Day in London
LONDON, May 28, 2025 /PRNewswire/ -- Freedom Holding Corp. (NASDAQ: FRHC) announced it will be hosting an Investors' Day on Monday, June 2, 2025, at the London Stock Exchange. The event gathers global investors, fintech innovators, and industry leaders for an in-depth look at the company's operations and growth strategy. Freedom Holding Corp.'s Investors' Day, scheduled from 12:30 to 17:00 BST, will be held at the 6th Floor Lounge & Terrace of the London Stock Exchange. Attendees will delve further into Freedom's dynamic growth landscape, exploring opportunities across emerging Eurasian markets while getting a firsthand look into the company's AI-powered financial infrastructure. The event will feature live demos of FRHC's flagship trading platform and digital ecosystem, plus discussions with CEO Timur Turlov and key executives who'll share their insights on expansion plans, regulatory strategies, and their bold vision for connecting Eastern innovation with Western capital markets - in conversations that won't be found in quarterly reports or on investor calls. Freedom Holding Corp., a U.S.-registered public company, has emerged as one of Eurasia's most dynamic financial ecosystems. The company offers comprehensive customer-oriented services spanning brokerage, banking, fintech, e-commerce, and telecommunications. About Freedom Holding Corp. Freedom Holding Corp. is an international financial and investment services group specialising in capital markets, asset management, and brokerage services. Freedom Holding Corp.'s ordinary 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. With a strong presence in Central Asia, Europe, and the US, the company is committed to delivering innovative financial products to individual and institutional investors. View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
