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Freedom Holding Corp. Receives BRSA Approval to Acquire Turkish Bank

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Istanbul, Turkey, July 1st, 2026, FinanceWire

Regulatory approval marks a key milestone toward building Freedom’s full-service financial platform in Türkiye

Freedom Finansal Hizmetler A.Ş., a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), an international diversified financial services group operating in more than 20 countries, today announced that Türkiye’s Banking Regulation and Supervision Agency (BRSA) and Competition Authority of Türkiye has approved its planned acquisition of 99.32% of the share capital of Turkish Bank A.Ş.

BRSA approval is an important step toward completing the transaction and supports Freedom Holding Corp.’s strategy to build integrated financial services platforms in selected growth markets. Upon closing, Turkish Bank A.Ş., a Turkish banking institution with a history dating back to 1982, will become part of the Group’s regional platform in Türkiye, alongside its brokerage, investment and capital markets businesses.

“Türkiye is a strategic market for Freedom, and we are entering it with a clear understanding of what we want to build. In Kazakhstan, we have already proven that a digital ecosystem can become part of people’s everyday lives. In less than two years since its launch, Freedom SuperApp has reached 5.67 million users and has become one of the country’s fastest-growing digital services. We have brought financial services and advanced digital products together on a single platform, allowing them to complement and strengthen one another,” said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.

“This is the experience we intend to bring to the Turkish market, where the potential client base could be four to five times larger than in Kazakhstan. The acquisition of a bank creates the foundation for scaling a model that has already proven its effectiveness, and BRSA approval is an important step toward launching it in Türkiye,” Turlov added.

Following completion of the acquisition, Turkish Bank will continue to operate under Turkish regulatory supervision and will gain access to Freedom’s expertise in digital financial services, technology-driven distribution and client-focused product development.

BRSA approval also comes as Freedom Holding is in the final stage of establishing its brokerage business in Türkiye. Final authorization from the Capital Markets Board of Türkiye would allow the Group to expand its financial products and services for retail, affluent and high-net-worth clients, as well as small and medium-sized businesses and corporate clients.

The Bank is expected to support Freedom’s regional strategy by enabling deeper integration of banking services, capital markets, insurance and cross-border financial solutions. Over time, the model may be expanded through non-financial services, including e-commerce, telecommunications and lifestyle offerings.

“BRSA approval is an important step toward implementing our strategy in Türkiye,” said H. Cenk Eynehan, Chief Executive Officer of Freedom Finansal Hizmetler A.Ş. “Following completion of the transaction, we will have the opportunity to combine the heritage and market position of an established Turkish banking institution with Freedom’s technology, entrepreneurial culture and international expertise. Our priority will be to create additional value for clients through innovation, accessibility and an expanded range of financial products and services.”

Freedom plans to implement a modernization and growth program focused on digital transformation, client channels, product expansion and operational efficiency. Integration will focus on technology infrastructure, client experience, product development and cooperation among Freedom’s Turkish business lines.

The transaction is expected to expand Freedom Holding Corp.’s presence across Eurasia, the Middle East and Central Asia and support the Group’s long-term investment strategy in selected growth markets.

The Freedom Holding Corp.’s banking business is already present in Tajikistan. In November last year, The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market granted the holding company approval to establish a bank in Georgia. In early June, Freedom Holding Corp. submitted an application to the French regulator for a banking license. Timur Turlov noted that the company plans to invest approximately €500 million in developing its digital ecosystem in France.

About Freedom Holding Corp.

Freedom Holding Corp. provides financial services 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. 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 Aviata. Freedom Holding Corp. 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. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.

Freedom Finansal Hizmetler A.Ş., a wholly owned subsidiary of Freedom Holding Corp., was established in 2022 to support the Group’s expansion in Türkiye’s financial services sector. The company focuses on financial consulting and investments across banking, insurance, capital markets, payment systems and other financial services, including supporting the capitalization and development of portfolio companies.

In 2025, the Capital Markets Board of Türkiye granted the company an establishment license. Freedom Yatırım Menkul Değerler A.Ş. was subsequently established and is working toward obtaining an operating brokerage license upon meeting the regulator’s requirements

Turkish Bank A.Ş. is a commercial bank operating in Türkiye and a member of TurkishBank Group. The bank provides a range of financial services, including corporate, commercial and retail banking solutions.

TurkishBank Group, established in 1901, is a privately owned financial services group operating across Türkiye, the Turkish Republic of Northern Cyprus and the United Kingdom. The Group provides banking, financial and wealth management solutions through an international network.

Contact

Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
+77013641454

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Press Release

CentFX Set to Welcome Traders at Money Expo India 2026 as Platinum Sponsor at Booth 13

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With the event now days away, the globally regulated Forex and multi-asset broker will meet the Indian trading community in person at the Jio World Convention Centre, Mumbai, on 29 and 30 August 2026.

Mumbai, India,  August 15th, 2026, CentFX Limited, the globally regulated multi-asset broker known for zero-spread Forex trading and institutional-grade execution, is preparing to open its doors at Money Expo India 2026. With just over two weeks to go, the company has confirmed it will welcome visitors at Booth No. 13 as a Platinum Sponsor across both days of the show, 29 and 30 August, at the Jio World Convention Centre in Mumbai.

Expo details at a glance

Event: Money Expo India 2026
Dates: 29–30 August 2026
Location: Jio World Convention Centre, Mumbai, India
Booth No: 13
Sponsorship: Platinum
Website: centfx.com

What to expect at Booth 13

Money Expo India is one of the largest financial industry gatherings in Asia, drawing retail traders, institutional investors, brokers, and fintech firms into one venue. For CentFX, the show is a chance to talk directly with one of the fastest-growing retail Forex communities in the world.

Anyone stopping by Booth No. 13 can see the platform run live, open or review an account with the team on hand, and ask questions about trading conditions face to face. The team will walk visitors through the details that matter day to day: 0.0 pip ECN spreads, leverage up to 1:1000, and average execution of 0.04 seconds.

The booth doubles as a meeting point for introducing brokers, affiliates, and prospective partners who want to discuss working with CentFX. The company holds regulatory authorisations in Anguilla (ARCA), Mauritius (FSC), and Dubai (Government of Dubai), and has collected more than 18 industry awards since its retail launch in 2022.

Why India, why now

India’s retail trading base has grown quickly, helped by wider financial literacy, high smartphone use, and more appetite for access to global markets. CentFX supports Hindi, Bengali, and seven other languages, and runs on the full MetaTrader 5 ecosystem across desktop and mobile, which makes it a practical option for Indian traders who want professional conditions without a steep learning curve.

The broker lists more than 2,100 tradeable instruments across Forex, indices, commodities, and other asset classes. Alongside these, CentFX Academy offers video courses, eBooks, calculators, and market analysis at no cost, aimed at traders moving from domestic equities toward global markets.

Also on show: CentPay

CentFX will also be featuring CentPay, its affiliated fintech product. CentPay is a crypto-to-fiat payment solution that lets users convert USDT and other cryptocurrencies into a spendable balance through the CentPay Card, which works on both Mastercard and Visa and is accepted at millions of locations worldwide. With low fees and real-time access to funds, it is built to make everyday spending with digital assets straightforward. The CentPay app is available on Android and iOS, with full wallet management and card controls in one place.

Next stop: Forex Expo Dubai 2026

Mumbai is the first of two shows on CentFX’s autumn calendar. A few weeks after Money Expo India, the broker heads to Dubai for Forex Expo, one of the region’s main gatherings for traders, brokers, and fintech companies across the Middle East. CentFX will exhibit there as a Diamond Sponsor at Booth No. 81, giving traders and partners in the region a second chance to meet the team in person.

Forex Expo Dubai details at a glance

Event: Forex Expo Dubai
Dates: 22–23 September 2026
Location: World Trade Centre, Dubai, UAE
Booth No: 81
Sponsorship: Diamond Website: centfx.com

Meet the team in Mumbai and Dubai

Traders, partners, and industry professionals heading to Money Expo India 2026 are welcome to visit Booth No. 13 to meet the CentFX team, request a live account walkthrough, or talk through partnership options. The same invitation stands at Forex Expo Dubai in September at Booth No. 81. For anyone who cannot make either show, full platform access and account registration stay open at centfx.com.

About CentFX

CentFX Limited is a globally regulated multi-asset broker offering Forex, indices, commodities, and more across 2,100+ instruments. With zero-spread accounts, 1:1000 leverage, 0.04-second average execution, 18+ industry awards, and regulatory authorisations in Anguilla, Mauritius, and Dubai, CentFX serves traders in over 100 countries. The company runs its own proprietary trading app alongside full MetaTrader 5 support and offers a full educational academy.

For more information, visit centfx.com

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Press Release

XORKETS FX: We Will Give It Our All

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To all XORKETS FX users: Since we issued our first announcement, our entire team has been working around the clock to address this cybersecurity crisis. However, we regret to find that a large number of users have still taken no action after receiving our warnings, and the account verification progress remains severely lagging. Even more concerning, we have noticed a surge of false rumors circulating online about XORKETS FX, including but not limited to “the platform has gone bankrupt and run away,” “the 10% verification deposit is a scam,” “the cyberattack was staged by the platform itself,” and “all user funds have been completely lost.” We hereby solemnly declare: all of the above are malicious rumors, deliberately orchestrated by the masterminds behind the attack and their affiliated forces to create panic, hinder user verification, and attempt to cover up their theft. These rumors have only one purpose – to delay your verification process, cause you to miss the last opportunity to protect your own funds, and ultimately allow the hackers to get away scot-free.

 

You must clearly understand this: today, August 14, is the final day. Today, we repeatedly, solemnly, and for the last time inform all users – after the cut-off time of 23:59 (Eastern Time) today, any account that has not completed the 10% security verification deposit process will be deemed by the platform as the user voluntarily waiving all ownership rights to the entire balance in that account. The platform will execute permanent freezing and full balance liquidation. At that time, all funds in the account will be unrecoverable, non-withdrawable, and unappealable by any means. The account will be permanently closed and cannot be reactivated. Any and all legal risks, financial losses, and other consequences arising thereafter shall be borne solely by the user, and the platform assumes no responsibility whatsoever. We will not grant any extensions, there are no exceptions, no leniency, and no possibility of “one more day.” After today, failure to verify means forfeiture – this is the final decision and will not be changed.

 

Why must we do this? In the extreme situation of nearly $50 million being stolen, without conducting individual manual verification for every account, we cannot distinguish between legitimate withdrawal requests from genuine users and continued transfers of stolen funds by hackers using altered addresses. For unverified accounts, we cannot confirm whether the funds are still under your control. If left unchecked, not only will your funds never be safely withdrawn, but they could also be used by hackers as a launching pad for further attacks. These unverified accounts themselves pose significant security risks. Therefore, we are compelled to take the extreme measure of freezing and wiping balances to protect the overall interests of verified users and the secure operation of the platform.

 

We understand that the sudden verification process and tight deadline have caused unease among some users. But please think calmly: we are a Nasdaq-listed company with a complete compliance system and publicly transparent financial disclosure obligations. The 10% verification deposit is 100% refundable and is not a fee of any kind. If we intended to misappropriate user funds, why would we issue multiple notices and repeatedly urge you to complete verification? Rumors stop with the wise. Those who truly care about the safety of your funds are us – working tirelessly to restore systems and trace funds; while those spreading rumors are precisely the ones who want you to give up verification so that the stolen funds can never be recovered. Please act immediately – today is your last chance. Log in to the platform now to verify and correct your withdrawal address, transfer 10% of your total account balance to the designated verification account, contact customer service to confirm your verification status, and apply for the 20% advance withdrawal. Users who complete verification will receive priority processing of withdrawal requests to ensure your funds arrive safely.

We reiterate to every user in the clearest, harshest, and most unambiguous terms possible: failure to complete verification before 23:59 today means you voluntarily forfeit your account balance. Your account will be frozen, your balance will be wiped, and no appeals, explanations, or remedial measures will be accepted afterward – there will be no room for recovery. Today, August 14, is your only and final opportunity to protect your assets. Do not hold out hope for “tomorrow.” Do not trust information from any unofficial channels. Do not hesitate because of rumors. Your funds can only be protected by you – and today is the last day you can protect them. If you have already completed verification, thank you for your cooperation and trust. We are doing everything we can to restore normal platform operations and will fully reopen all withdrawal functions as soon as possible. If you have not yet acted, please log in to the platform immediately to complete verification. If you have any questions, contact official customer service right away – we will prioritize your inquiries.

 

XORKETS FX Operations Team

August 14, 2026

Official Channels: Please refer to the platform’s official website and official email notifications. Do not trust any third-party rumors.

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Press Release

Kara4Kids Expands Early Childhood Education Across India With Inclusive, Play-Based Learning

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India, 15th Aug 2026 — Kara4Kids, an early childhood education and childcare provider with more than 18 years of experience, is strengthening its presence across India with preschool, daycare and early learning programs designed to support children during their formative years. With more than eight locations across Bengaluru, Chennai and Hyderabad, Kara4Kids offers families a range of programs focused on learning, development, safety and inclusive care.

The organization currently has admissions open for the 2026–27 academic year, providing families with access to preschool and childcare programs for young children. Its preschool programs generally serve children approximately 2 to 6 years of age, while infant and toddler care and other childcare options are also available.

At the center of Kara4Kids’ educational philosophy is an approach that combines play-based, inquiry-based and project-based learning. Rather than relying solely on conventional classroom instruction, the learning environment encourages children to explore ideas, ask questions, participate in activities and develop skills through age-appropriate experiences.

Kara4Kids incorporates a STREAM approach, together with Developmentally Appropriate Practices (DAP), to create learning experiences aligned with children’s developmental stages. The approach supports multiple areas of childhood development, including cognitive, language, physical, social and emotional growth.

The programs are designed to provide children with opportunities to build communication skills, develop curiosity, interact with peers and gain greater independence in an environment structured around their developmental needs. Activities and learning experiences are adapted to encourage participation and discovery while helping children establish foundational skills for their next stages of education.

A key aspect of Kara4Kids’ model is its emphasis on inclusive early childhood education. The organization provides an environment that accommodates children with different learning and developmental needs, including special-needs care. This focus on inclusion aims to create learning spaces where children can participate, interact and develop alongside their peers while receiving appropriate support.

Beyond classroom learning, Kara4Kids places importance on maintaining an active connection between educators and families. Parent-teacher workshops, progress updates, family events and guidance for learning at home are part of its parent involvement initiatives. By encouraging communication between parents and educators, the organization seeks to provide families with a clearer understanding of children’s progress and ways to support continued learning beyond the classroom.

Safety and wellbeing are also central to the Kara4Kids experience. Its childcare and preschool environments are designed around child-safe campuses, hygiene protocols and health monitoring practices. Low teacher-student ratios are intended to support attentive supervision and enable educators to respond more closely to children’s individual needs.

The organization’s work in early education has also received recognition from several education-focused organizations and platforms, including EducationWorld, Education Today, Times Education Excellence, ScooNews/Global Education Awards and the India Didactics Association.

More recently, Kara4Kids received a Certificate of Excellence for Innovation in Early Childhood Development at the Global Education Awards 2026. The recognition reflects the organization’s continued focus on developing approaches to early learning that combine educational innovation with children’s developmental needs.

With its expanding presence across Bengaluru, Chennai and Hyderabad, Kara4Kids continues to provide families with preschool, daycare and childcare options under one educational framework. Its offerings include preschool education, daycare, infant and toddler care, after-school care, emergency daycare and inclusive care for children with special needs.

As families consider educational and childcare options for the coming academic year, Kara4Kids is currently welcoming admissions for 2026–27. The organization remains focused on creating early learning environments where children can explore, develop essential skills and build positive foundations for lifelong learning.

For more information visit https://kara.in/ .

About Kara4Kids

Kara4Kids is an early childhood education, preschool, daycare and childcare provider with more than 18 years of experience in early education. With over eight locations across Bengaluru, Chennai and Hyderabad, the organization provides preschool, infant and toddler care, daycare, after-school care, emergency daycare and inclusive special-needs care. Its educational approach combines play-based, inquiry-based and project-based learning with STREAM and Developmentally Appropriate Practices.

Media Contact

Organization: Kara4Kids

Contact Person: Kara4Kids

Website: https://kara.in/

Email: Send Email

Country:India

Release id:48132

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