Acquiring Company
International Bank of Azerbaijan (IBA)
Acquired Company
Davr Bank
Azerbaijan
UzbekistanFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceFintechLendingBankingDescription
ABB Bank has agreed to acquire a controlling stake in Davr Bank, marking a significant entry into the Uzbek market. The acquisition aims to enable Davr Bank to leverage ABB's expertise in financial services and technology. All regulatory approvals have been obtained, and the transaction is poised to enhance economic development in Uzbekistan. ABB Davr Bank will operate under the ABB brand, providing a wide range of services.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Davr Bank?
Davr Bank was acquired by International Bank of Azerbaijan (IBA), based in Azerbaijan. The deal was reported on August 27, 2026. The International Bank of Azerbaijan (IBA) is one of the largest financial institutions in Azerbaijan, headquartered in Baku and with 84 branches across the Republic of Azerbaijan. International Bank of Azerbaijan (IBA) is privately held and operates in Financial Services.
When did International Bank of Azerbaijan (IBA) acquire Davr Bank?
International Bank of Azerbaijan (IBA)'s acquisition of Davr Bank was reported on August 27, 2026. ABB Bank has agreed to acquire a controlling stake in Davr Bank, marking a significant entry into the Uzbek market. The acquisition aims to enable Davr Bank to leverage ABB's expertise in financial services and technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Davr Bank do?
Davr Bank was established in 2001 and was a privately owned bank prior to the acquisition. It has approximately $1 billion in assets and serves over 1.4 million customers. The bank operates 43 branches across Uzbekistan. It is privately held, operating in Financial Services, and is based in Uzbekistan.
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