Freedom Bank has abandoned plans to open a subsidiary bank in Kyrgyzstan
At present, the bank is focused on exploring other foreign directions that were identified as a result of recent meetings and trips by the management.
Despite the cancellation of the subsidiary bank opening, Freedom Bank maintains its presence in Kyrgyzstan through its holding companies, which offer brokerage and payment services, as well as ticket sales services.
It is worth recalling that in December 2025, Freedom Bank Kazakhstan announced its intention to enter the Kyrgyz market, planning to create a company that was supposed to obtain a banking license and become a full-fledged bank.
It was expected that the new bank would be fully owned by Freedom Bank Kazakhstan and its authorized capital would amount to 1 billion soms. However, now the chairman of the bank's board needs to withdraw the previously submitted application for permission to establish a subsidiary institution.