For international financial companies, the search for new growth areas has long gone beyond neighboring countries or familiar regions. Increasingly, businesses are turning their attention to markets undergoing economic transformation and interested in attracting technology, investment, and financial expertise, DKNews.kz reports.
The latest steps by Freedom Holding Corp. show that Timur Turlov’s holding company is following exactly this approach.
News of the company’s talks with Mongolia’s leadership came shortly after reports about plans to launch a banking business in France and develop projects in Türkiye. At first glance, these directions may seem entirely different. However, they are united by one common factor: each of these countries offers its own opportunities for scaling financial services and digital solutions.
Mongolia Becomes Part of the International Agenda
According to the Government of Mongolia, Prime Minister Nyam-Osor Uchral met with Timur Turlov, founder and CEO of Freedom Holding Corp. The discussion focused on prospects for cooperation in several sectors of the economy.
The talks were not limited to the banking sector. The parties also discussed the development of electronics, communications, innovative projects, and modern technologies. Mongolian authorities said they are continuing to improve financial legislation and are working to attract foreign banks and international investors.
According to the government, the leadership of Freedom Holding Corp. expressed interest in further exploring investment opportunities in the country. In particular, the company’s attention was drawn to the banking industry, technological development, and digital infrastructure.
From Words to Practical Steps
Freedom’s interest in Mongolia does not look unexpected. In a winter interview with Reuters, Timur Turlov spoke about his intention to take part in developing economic ties across Eurasia. Among the directions considered for further business expansion were markets from Türkiye to Mongolia.
Today, Freedom Holding Corp. operates in 21 countries. Over the past few years, the holding has transformed from a regional brokerage firm into an international group combining brokerage services, banking products, insurance, payment solutions, and digital services.
One example of this expansion is Türkiye. Freedom Yatırım Menkul Değerler A.Ş. is already operating in the local market. In addition, the acquisition process for Turkish Bank A.Ş. is continuing. After all approvals are completed, the company expects to expand its presence in the banking segment and offer clients new services.
Why Europe Remains in Focus
At the same time, the European direction is also developing. In June, it became known that Freedom Holding Corp. had submitted documents to obtain a banking license in France. The company announced its readiness to invest up to 500 million euros in launching a digital bank.
For the company, the European direction has long ceased to be an experiment. Cyprus became the group’s first platform in the region, where its business has been developing for more than a decade. During this time, its presence has expanded to ten EU countries, while the client base of the European segment has grown to almost 600,000 people.
The company believes that further expansion in the European market is linked to the development of remote banking services and technological solutions that make it possible to combine various financial products within a single digital environment.
What the Business Figures Show
For a company developing several business areas across different countries at the same time, financial stability is crucial. The latest reporting shows that Freedom Holding Corp. retains the capacity to further expand its operations. For the fiscal year ended in late March 2026, the holding’s consolidated revenue reached $2.19 billion.
According to the published data, net income amounted to $153.3 million. By comparison, a year earlier the company earned $76.2 million. Over the same period, the value of assets increased to $13.16 billion, compared with $9.92 billion previously.
Growth was also recorded in the number of users of the group’s services. The number of clients in the banking segment exceeded 5 million people. The brokerage infrastructure also continued to expand, with the number of registered accounts reaching 858,000. These figures reflect the growing scale of the business and the expansion of the company’s audience across different markets.
New Markets as a Continuation of Growth
Mongolia remains a potential development direction for Freedom Holding Corp. for now. However, the company’s interest in the country reflects a broader trend. The holding continues to look for opportunities to expand its presence in different parts of Eurasia, combining financial services with technological solutions.
Talks with Mongolian authorities, the development of projects in Türkiye, and plans to launch a bank in France show that Freedom Holding Corp. views international expansion as a long-term process. For investors and market participants, this is a signal that the company continues to actively explore new platforms and opportunities for further growth.
