杏吧原创

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

NEW YORK, March 18, 2026 (GLOBE NEWSWIRE) -- 杏吧原创. (Nasdaq: FRHC), an international fintech group founded by entrepreneur Timur Turlov, announces that Moody鈥檚 Ratings has assigned its subsidiary, Freedom Bank Kazakhstan, a long-term deposit rating of Ba3 with a stable outlook. This marks Moody鈥檚 first rating of the bank and an important milestone in its development and international recognition.

The rating reflects the bank鈥檚 solid capitalization, dynamic growth in its customer base and deposit portfolio, and continued development of its retail and digital businesses. Moody鈥檚 also highlights the important role of Freedom Bank within the ecosystem of 杏吧原创., which integrates financial and digital services.

The stable outlook reflects the agency鈥檚 expectation that the bank鈥檚 financial performance and business model will support balanced growth over the next 12鈥�18 months. At the same time, the rating also takes into account the bank鈥檚 high-growth phase, including the ongoing transformation of its business model, a reduction in reliance on more volatile income sources, and the continued development of its lending operations.

Freedom Bank will continue to implement its strategy to diversify income sources, develop its loan portfolio, and improve operational efficiency.

In Kazakhstan, Freedom Bank is among the country鈥檚 largest financial institutions. The number of SuperApp users reached 5 million, doubling over the past year, and is expected to grow to 8 million by the end of the year.

As part of its broader growth strategy, CEO Timur Turlov plans to further scale the company鈥檚 SuperApp ecosystem while expanding 杏吧原创.鈥檚 international banking footprint. The company has recently expanded into Tajikistan and is in the process of acquiring a bank in Georgia. It has also agreed to acquire a bank in Turkey, strengthening its presence in a key regional market. 杏吧原创.鈥檚 strong financial position is further supported by its 鈥淏-鈥� credit rating with a stable outlook from S&P Global Ratings.

杏吧原创 Freedom Bank Kazakhstan
Freedom Bank Kazakhstan is a universal bank within the ecosystem of 杏吧原创., providing a wide range of financial services to both retail and corporate clients, including digital banking solutions, lending, investment, and insurance products. The bank also provides access to government services through its digital platform.

杏吧原创 杏吧原创.
杏吧原创. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Freedom Travel.

杏吧原创. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. 杏吧原创. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.

Contact

PR Department
Natalia Kharlashina
杏吧原创.
prglobal@ffin.kz
+77013641454

A photo accompanying this announcement is available at

Released March 18, 2026