"Moody's assignment of a Ba3 rating with a stable outlook to Freedom Bank Kazakhstan serves not only as an assessment of its current condition but also as a reflection of its role within a broader framework."
"The bank is actively expanding its retail lending business by developing mortgage and auto loan products, gradually reducing its reliance on investment and trading operations."
"Credit quality is assessed as stable: the share of non-performing loans is less than 3%, while the provision coverage ratio exceeds 100%."
"Freedom Bank is part of Freedom Holding Corp., which consolidates assets in Kazakhstan, Europe, the U.S., and the Middle East, providing access to international capital markets."
Moody's assigned a Ba3 rating with a stable outlook to Freedom Bank Kazakhstan, indicating its growth and development. The bank's baseline credit assessment is b1, with a focus on expanding retail lending through mortgage and auto loans. Credit quality remains stable, with non-performing loans under 3% and strong provision coverage. The bank benefits from its integration into the Freedom ecosystem, which enhances access to international markets and expertise. Freedom Holding operates in 21 countries, with significant expansion in Central Asia and the Caucasus.
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