The bank and the system are terrible, their program is constantly not working, and the support service only says "wait, wait", and the issue is not resolved. I specifically went to the bank to sort out their program, but there was no qualified specialist there who would understand how their system works. As a result, I had to contact another bank, which solved the problem in half an hour. In general, this is the worst bank!
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Алексей Савчук
Level 18 Local Expert
January 28, 2024
A great bank. In principle, everything is done quite quickly, but if you are from the Russian Federation and want to speed up the process of obtaining a bank card, you can visit the consulate of the Republic of Kazakhstan in the Russian Federation and make an IIN for yourself in advance. then there is a SIM card and an account.
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Alisher Sabyr
Level 13 Local Expert
December 27, 2023
Some experts express concerns that the expansion of the bank's activities may lead to the monopolization of the financial services market in Kazakhstan.
The main arguments in favor of these concerns are as follows:
* Freedom Bank is one of the largest banks in Kazakhstan in terms of the number of clients and trading volume.
* The Bank is actively expanding its activities in other areas of financial services, such as insurance and microcredit.
* The Bank has strong ties with the authorities of Kazakhstan, which may contribute to its dominance in the market.
Here are some specific examples of how the expansion of Freedom Bank's activities can lead to the monopolization of the financial services market in Kazakhstan:
* Freedom Bank can use its dominant position in the brokerage services market to put pressure on other brokerage companies, forcing them to lower prices or provide more favorable terms to their clients.
* Freedom Bank can use its influence in the insurance market to impose unfavorable insurance conditions on customers.
* Freedom Bank can use its dominant position in the microcredit market to charge high interest rates and impose strict credit conditions.