Freedom Finance, part of the international Freedom Holding Corp., operating in Kazakhstan under the Freedom Broker brand, increased its assets by 54.5% ($246.8 million) to $700 million, according to the company’s press release.
The increase was reached thanks to new investments. Thus, the brokerage company has boosted its portfolio of securities by $184 million or 64%, while its investments in the capital of other companies and subordinated debt increased by $66 million or 45%.
On the other hand, the company’s liabilities soared by $175.4 million or 93.1%. An increase in the amount of repo transactions was the key driver of...