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Freedom Finance received consent to acquire the status of insurance holding

The Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market gave its consent to Freedom Finance JSC to acquire the status of insurance holding JSC “Life Insurance Company Freedom Finance Life” and JSC “Insurance Company Freedom Finance Insurance”. The holding is planning to complete the deals before the fiscal year is out, the company's press service reports.
Freedom Finance received consent to acquire the status of insurance holding

 “Gaining an insurance holding status from the regulator will allow us to expand consumer financial services through a line of popular insurance products. We also believe the insurance companies will provide new opportunities to create synergies with our commercial banking and retail brokerage business in Kazakhstan. It will become possible as we continue to grow our asset portfolio dedicated to providing clients with high quality innovative services,” commented Sergey Lukyanov, the Board Chairman of JSC Freedom Finance.

Thus, today Freedom Holding Corp. is represented by the following financial institutions: Freedom Finance JSC, Freedom Finance Global PLC, Bank Freedom Finance Kazakhstan JSC, Freedom Finance Life, and Freedom Finance Insurance in Kazakhstan.

Photos are from open sources.

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