Moody’s announced on March 18, 2026 that Freedom Bank Kazakhstan, a subsidiary of Freedom Holding Corp., has received a long‑term deposit rating of Ba3 with a stable outlook. The rating places the bank in the non‑investment‑grade, speculative‑grade category but indicates that Moody’s expects the institution’s financial performance and business model to remain balanced over the next 12 to 18 months.
The rating decision was based on the bank’s solid capitalization, rapid customer and deposit growth, and ongoing development of its retail and digital businesses. Freedom Bank’s SuperApp now serves 5 million users, with a projection of 8 million by year‑end, underscoring the momentum behind its digital platform. In the nine months ended December 31 2025, Freedom Holding Corp. reported net income of $145.4 million, down from $226.9 million in the same period a year earlier, while revenue for the nine‑month period was $1.69 billion, reflecting a focus on scaling the ecosystem across 21 countries.
This is the first Moody’s rating for Freedom Bank Kazakhstan, providing external validation of the bank’s credit profile and supporting Freedom Holding’s broader strategy of building a digital financial ecosystem. The holding company also holds a B‑ rating with a stable outlook from S&P Global Ratings, and its recent expansion into Tajikistan, Georgia, and Turkey, as well as a planned $2 billion Sovereign AI Hub in Kazakhstan, highlights the strategic importance of the bank’s creditworthiness.
While the Ba3 rating signals moderate credit risk, the stable outlook mitigates immediate concerns and suggests that the bank’s capitalization and growth trajectory are sufficient to support future financing needs. The rating also reinforces the value of Freedom Holding’s integrated ecosystem, which combines banking, brokerage, insurance, and lifestyle services, and positions the company to capture cross‑sell opportunities across its customer base.
Overall, Moody’s assessment confirms that Freedom Bank Kazakhstan’s rapid growth and digital focus are on a sustainable path, and the rating will likely facilitate the bank’s continued expansion within Freedom Holding’s Central Asian footprint.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.