# Freedom Holding acquisition of Turkish Bank > Live situation record from CLSTR: https://clstr.news/situations/freedom-holding-acquisition-of-turkish-bank > Updated: 2026-08-03T00:09:52.000Z. Sources: 12. Developments: 2. Freedom Holding Corp., through its subsidiary Freedom Finansal Hizmetler A.Ş., completed the purchase of more than 99% of Turkish Bank’s share capital in late July 2026. Regulatory approval from Turkey’s Banking Regulation and Supervision Agency and the Competition Authority enabled the share transfer and a subsequent general assembly to rename the lender Freedom Bank A.Ş. The rebranding was accompanied by the appointment of a new board, including Vladimir Pochekuev as chairman and founder Timur Turlov as a board member. Freedom Holding also launched a US$300 million ordinary share offering to fund its expansion, positioning the newly branded Freedom Bank as a gateway for its Kazakhstan‑origin “SuperApp” ecosystem into the Turkish market. The acquisition gives Freedom Holding a regulated banking foothold in Turkey, allowing it to offer a full suite of deposit, payment, lending and wealth‑management services under the Freedom Bank brand. ## Timeline ### 2026-08-03: Freedom Holding acquires Turkish Bank, rebrands to Freedom Bank Freedom Holding Corp completed its 99.32% purchase of Turkish Bank, renaming it Freedom Bank and gaining a direct banking foothold in Turkey. 2 sources. https://clstr.news/cluster/freedom-holding-acquires-turkish-bank-rebrands-to-freedom-bank ### 2026-07-31: Freedom Holding Rebrands Turkish Bank as Freedom Bank after Share Transfer Completion Freedom Holding completed the 99.31% acquisition of Turkish Bank, renamed it Freedom Bank A.Ş., and installed a new board, aiming to introduce its Kazakhstan‑based digital ecosystem to Turkey. 10 sources. https://clstr.news/cluster/freedom-holding-acquires-turkish-bank-rebrands-as-freedom-bank --- Cite as: Freedom Holding acquisition of Turkish Bank. CLSTR, https://clstr.news/situations/freedom-holding-acquisition-of-turkish-bank