«Freedom Bank Kazakhstan» JSC is a universal bank specializing in retail and digital financial services for individuals, legal entities, and sole proprietors.
Through its developed branch network, the Bank offers digital products: mortgage and consumer lending, auto loans, lending for sole proprietors and LLPs, cash management services, account opening and maintenance, financing, bank guarantees, acquiring, corporate cards, salary projects, and other banking services.
«Freedom Bank Kazakhstan» JSC – About the Bank
Freedom Bank in Figures
| Indicator | Value | Date / Source |
|---|---|---|
| Total assets | 2,607 trillion ₸ | as of April 1, 2026, KASE |
| Total capital | 254,9 billion ₸ | as of April 1, 2026, KASE |
| Net profit | 8,18 billion ₸ | for the period as of April 1, 2026, KASE |
| S&P Global Ratings | «BB- »; «kzA-» | “Stable” outlook, June 2026 |
| Moody’s Ratings | Ba3 | long-term deposit ratings; “Stable” outlook, March 2026 |
Management
Aidos Zhumagulov, Chief Banking Officer of the Corporation – Member of the Board of Directors of «Freedom Bank Kazakhstan» JSC. Mr. Aidos Zhumagulov is a digital banking expert with 20 years of experience in the financial sector, including over 15 years in managerial positions. He is responsible for digitalization, strategic transformation, and technological development across all holding banks worldwide, ensuring unified corporate governance and the scaling of innovative financial products globally. Gulfairuz Akhmetova, Chairman of the Management Board. Mrs. Gulfairuz Akhmetova has 20 years of experience in Kazakhstan's financial sector. Starting her career as a retail specialist at «Alliance Bank» JSC, she held various executive positions at «Alliance Bank» JSC, «Temirbank» JSC, «ForteBank» JSC, and «Bank Kassa Nova» JSC. Since December 29, 2020, she has served as the Chairman of the Management Board of «Freedom Bank Kazakhstan» JSC. Timur Agdavletov, First Deputy Chairman of the Management Board. Mr. Timur Agdavletov has over 18 years of experience in finance, treasury, and the management of banking institutions. He previously held leadership positions at Bank Kassa Nova, ForteBank, ATFBank, and other financial institutions. Since January 15, 2021, he has served as the First Deputy Chairman of the Management Board of «Freedom Bank Kazakhstan» JSC. Olga Drychkova, Managing Director. Mrs. Olga Drychkova has 19 years of experience in Kazakhstan's financial sector. She previously held leadership positions at BTA Bank, Bank of Astana, Home Credit Bank, and other financial institutions. Since December 29, 2020, she has served as the Managing Director of «Freedom Bank Kazakhstan» JSC. Daniyar Tazhedenov, Managing Director. Mr. Daniyar Tazhedenov is an experienced executive in banking information technology with over 25 years of experience. He previously held leadership positions at Bank Kassa Nova, Tsesnabank, Halyk Bank, and other financial institutions. Since December 29, 2020, he has served as the Managing Director of «Freedom Bank Kazakhstan» JSC. Yelnur Sailaukul, Head of Risk Management. Mr. Sailaukul has 19 years of experience in Kazakhstan's financial sector, including credit, financial, and operational risk management, as well as the improvement of risk management systems. Since April 19, 2022, he has served as the Head of Risk Management of «Freedom Bank Kazakhstan» JSC.
Credit Ratings
S&P Global Ratings: revised the June outlook for the long-term credit ratings of «Freedom Bank Kazakhstan» JSC from “Stable” to “Positive”, while confirming the Bank’s ratings at the “BB-/B” level. At the same time, the rating on the national scale was raised from “kzA-” to “kzA”. Moody’s Ratings: long-term national and foreign currency deposit ratings — Ba3. Outlook — “Stable”. Ratings were assigned in March 2026.
Shareholder
Freedom Bank is a subsidiary of the international holding Freedom Holding Corp., whose founder and majority shareholder is Kazakhstani businessman Timur Turlov. 100% of the voting shares of «Freedom Bank Kazakhstan» JSC are owned by «Freedom Finance» JSC.
Main Activities
For retail clients: bank cards and accounts, deposits, payments and transfers, currency exchange, mortgage, auto loans and consumer loans. For business: opening and servicing accounts for sole proprietors and LLPs, lending, deposits, bank guarantees, acquiring, corporate cards, salary projects and internet banking. Digital services: a significant portion of banking products and daily operations are available remotely through Freedom Bank's digital services.
Our Values
The Bank's activities are based on customer centricity, digitalization, high level of service, responsible business conduct and sustainable development. We strive to create simple, convenient and technologically advanced financial solutions for our clients, while ensuring quality, transparency and reliability of service. For clients – we continuously improve the customer experience by using technology and innovation to make financial services more convenient, faster, and more accessible. For employees – we create an environment where a strong team can accomplish ambitious tasks and develop competencies amid the rapid digital transformation of the banking industry. For shareholders – sustainable business growth, effective capital management, and a responsible approach to risks, ensuring the long-term investment attractiveness of the Bank. For society and the financial market – the Bank adheres to the principles of fair business conduct, maintains high standards of corporate culture, strives to consider social and environmental factors in decision-making, and supports the foundations of financial literacy aimed at shifting consumer habits toward savings by launching a large-scale Loyalty Program with cashbacks in the form of Freedom investment currency. Our main asset – a young, professional, and tech-driven team united by shared values, knowledge, and a drive for continuous improvement. We support equal opportunities, the development of competencies, and a culture of responsibility, recognizing that people, technology, and customer trust form the foundation of the Bank's long-term success.
Our Status and Ratings
2026
- In September, the international rating agency S&P Global Ratings revised the outlook for the long-term credit ratings of «Freedom Bank Kazakhstan» JSC from “Stable” to “Positive”, while confirming the Bank’s ratings at the “BB-/B” level. At the same time, on the national scale, the rating was raised from “kzA-” to “kzA”.
- In June, the credit rating agency S&P Global Ratings upgraded the rating to “BB-” with a Stable outlook. On the national scale, the rating was upgraded from “kzBBB+” to “kzA-”.
- In March, the international rating agency Moody’s assigned long-term national and foreign currency deposit ratings at Ba3 with a “Stable” outlook.
2025
- The international rating agency S&P Global Ratings revised the outlook from “Stable” to “Positive” and affirmed the long-term and short-term credit ratings at “B+/B”. On the national scale, the Bank's ratings were upgraded from “kzBBB” to “kzBBB+”.
2024
- The international agency S&P Global Ratings upgraded the long-term credit rating from “B” to “B+” and affirmed the short-term credit rating at “B”. On the national scale, the bank's ratings were upgraded from “kzBBB-” to “kzBBB”.
2023
- In August 2023, the international agency S&P Global Ratings affirmed the long-term and short-term credit ratings at “B/B”, and at “kzBB+” on the national scale.
2021
- In October 2021, the international agency S&P upgraded the long-term and short-term credit ratings on the international scale from “B-” to “B”, with a Stable outlook.
- On December 28, 2020, the international rating agency S&P downgraded the long-term and short-term credit ratings on the international scale to “B-”, with a Positive outlook.
2019
- On October 4, 2019, the international rating agency S&P affirmed the long-term and short-term credit ratings on the international scale at “B/B”. Outlook – Stable.
- S&P rating upgraded to “kzBB+” – In July 2018, the international rating agency upgraded the Bank's rating from “kzBB” on the national scale to “kzBB+”.
2017
- S&P rating upgraded to “B/B” – In April 2017, the international rating agency upgraded the Bank's rating from “B/C” on the international scale to “B/B”.
- Bank Kassa Nova successfully passed AETED certification from MasterCard.
- Bank Kassa Nova received the status of a Principal Member of the international payment system VISA International.
2015
- Issuance of payment cards of the international system Mastercard Inc.
- Rating Confirmation
- The international rating agency Standard & Poor’s affirmed Kassa Nova's credit rating at “B” on the international scale and “kzBB” on the national scale. Outlook is stable. Launch of the remote service platform for individuals – MyKassa internet banking.
2013
- Status of a Principal Member of the international payment system Mastercard.
- Opening of three new branches in the cities of Aktobe, Pavlodar, and Karagandy.
- The Bank becomes a participant of the Kazakhstan Deposit Insurance Fund.
2011
- Assigned an S&P rating of “B/C”. The loan portfolio at the end of the year amounts to 35 million US dollars.
- Registration of the Bank with the Ministry of Justice of the Republic of Kazakhstan in July.
- In December, the first loan was issued.
2009
- Obtaining a license to conduct banking and other operations.