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- October 20, 202620°
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- INTEREST37.00%-1.00
- BITCOIN82,683+1.02%
- October 20, 202620°
US-based Freedom Holding acquires 99.31% stake in Turkish Bank
A 99.31% stake in Turkish Bank, one of Turkey's longstanding financial institutions, has been sold to US-based Freedom Holding Corp. Following regulatory approvals, the bank will operate under the name Freedom Bank.
Turkish Bank now "Freedom Bank": US-based Freedom Holding enters Turkey
A 99.31% stake in Turkish Bank A.Ş., with roots dating to 1901, has been transferred to US-based Freedom Holding Corp. After approvals from the Banking Regulation and Supervision Agency (BRSA) and the Competition Authority, the bank's trade name was changed to Freedom Bank A.Ş., and top management was renewed.
The share transfer process at Turkish Bank A.Ş., one of Turkey's established banks, has been completed. While the 99.31% stake passed to a subsidiary of US-based Freedom Holding Corp., the general assembly convened after the transfer decided to change the bank's trade name to Freedom Bank A.Ş. Thus, Freedom Holding entered the Turkish financial sector under the "Freedom Bank" brand.
Share transfer completed
The transfer of shares held by Özyol Holding A.Ş. and National Bank of Kuwait was completed as of July 31, 2026. Following the name change decision at the general assembly, the necessary Trade Registry application was also filed.
Management team renewed
The bank's top management was reshaped at the general assembly. Vladimir Pochekuev was elected Chairman of the Board, while Hikmet Cenk Eynehan was appointed Board Member and General Manager.
BRSA and Competition Authority approvals obtained
Approvals from the Banking Regulation and Supervision Agency (BRSA) and the Competition Authority required for the share transfer were completed on July 1, 2026. Following the legal permission processes, the bank began operations under its new name.
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