«Freedom Bank Tajikistan» to be officially opened in autumn
Currently, the bank is operating in technical mode
«Freedom Bank Tajikistan» is currently operating in technical mode, undergoing integration with local services and launching its product line. This information was provided to the business information center correspondent in response to an inquiry at Freedom Bank.
“Taking into account the market situation and strategic priorities, the bank will develop in three directions: SMEs, retail, and corporate segments. The main focus will be on the development of the first two blocks,” emphasized the bank.
It was also specified that the “official opening event of the bank in Tajikistan is planned to take place in autumn.”
In October 2024, the subsidiary of Freedom Bank Kazakhstan obtained a banking license in Tajikistan.
In November 2024, the reasons why this country was chosen for the establishment of the subsidiary under Freedom Bank Kazakhstan were explained.
“Tajikistan has its own potential for development, and we see opportunities for our group of companies (Freedom — Ed.). For example, a unified QR code has already been launched in this country, while it is still in progress in our country. We believe that our technologies, which have shown effective results in Kazakhstan, will also give impetus to the market in Tajikistan. It is also important that Kazakhstan has transferred (IT products — Ed.) platforms to Tajikistan’s eGov — this is a good signal for the market in terms of developing government services,” noted Freedom Bank Kazakhstan in response to the inquiry.
The banking license in Tajikistan was obtained “very quickly, within eight months.” “This is an indicator of the openness and accessibility of the market for international companies,” emphasized the financial institution.
100 million somoni or approximately 4.5 billion tenge was invested in the charter capital of CJSC Freedom Bank Tajikistan, as specified by the bank.
At the end of January 2025, the CEO of Freedom Holding Corp., Timur Turlov, stated that the opening of the bank in Dushanbe is expected in spring 2025. “Dushanbe was really great… And there is absolutely crazy potential to build a great digital retail bank there with our technologies. Only 2 billion dollars in total assets for the entire sector! 20% of the total cashless share. Banking services are expensive. And we already have a cool team there!” he noted.
Freedom Holding Corp. was established in the USA. The business group covers Kazakhstan, Cyprus, the USA, the UK, Armenia, the UAE, Uzbekistan, Kyrgyzstan, Tajikistan, Azerbaijan, and Turkey. The holding also has representations in Austria, Belgium, Bulgaria, France, Germany, Greece, Italy, Lithuania, the Netherlands, Poland, and Spain. The holding’s securities are traded on Nasdaq, KASE, and AIX, and its activities are regulated by the Securities and Exchange Commission (SEC, USA).
The holding’s subsidiaries engage in securities brokerage operations, market-making services, investment banking services, as well as insurance and payment products. Additionally, the holding has media assets.
One of Timur Turlov’s recent public projects — together with Alexey Li, he established the technologically advanced laboratory Freedom X. Their first public initiative was the development of a project for delivering various goods using drones. Several scenarios were considered for launching the project: delivery of necessary goods to suburbs and remote villages; delivery to private homes within city limits (pizza in 15 minutes); delivery to landing sites with pickup points; emergency delivery on highways or open areas — for example, in cases requiring urgent medical assistance for anaphylactic shock, burns, cardiac arrest. In the summer of 2025, it became known that this project received the first certification in Kazakhstan for a cargo drone.
In terms of future plans, in 2024 Timur Turlov announced intentions to open brokerage companies in the UAE and Turkey. He is also exploring the North American market.
In January 2025, it was revealed that the holding, through its subsidiary Freedom Financial Services Inc., received approval to establish a brokerage company in Turkey — Freedom Yatırım Menkul Değerler AŞ. Their request was approved by the Turkish regulator.
FinanceTimur Turlov established the company Freedom Ventures Ltd.
It is registered on the MFCA platform
Timur TurlovFreedom Bank Tajikistan