Freedom Bank increased its authorized capital by 20 billion tenge

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Freedom Bank was recapitalized by its parent company, JSC "Freedom Finance," with 20 billion tenge. The bank issued 3,389,831 ordinary shares at a price of 5,900 tenge per share. Its equity increased to 194 billion tenge, allowing it to take ninth place in the ranking. As of November 1, 2024, assets exceeded 2.4 trillion tenge, and liabilities amounted to more than 2.2 trillion tenge.

Freedom Bank has been recapitalized by its parent company, JSC "Freedom Finance," with 20 billion tenge. This measure will enable the scaling of digital products and the development of the Freedom ecosystem's infrastructure.

Freedom Bank conducted an issuance of 3,389,831 ordinary shares. The shares were purchased at a price of 5,900 tenge per share by the sole shareholder, JSC "Freedom Finance."

The bank's equity increased to 194 billion tenge. This allowed Freedom Bank to rise by two positions in the ranking of banks in Kazakhstan based on this metric, taking ninth place among 21 second-tier banks.

As of November 1, 2024, the bank's assets exceeded 2.4 trillion tenge. Based on this indicator, the bank ranks eighth in the sector. Liabilities amounted to over 2.2 trillion tenge.

Source: Freedom Bank

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Freedom Bank increased its authorized capital by 20 billion tenge

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