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Trusted by
Acquiring Company
ABB Financial Group
Acquired Company
Davr Bank
Baku
UzbekistanFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceFintechLendingBankingDescription
ABB Financial Group has completed the acquisition of a controlling stake in Davr Bank, obtaining 51% ownership. The deal is valued at approximately USD 140 million and aims to enhance Davr Bank's operational capabilities in Uzbekistan under the 'ABB Davr' brand. Following the acquisition, Davr Bank's international ratings have improved, reflecting its strong market position.
Fundz sees it the moment ABB Financial Group makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Davr Bank?
Davr Bank was acquired by ABB Financial Group, based in Baku. The deal was reported on September 30, 2026. ABB Financial Group is a financial services provider focused on banking and investment solutions. The group aims to expand its presence in strategic markets. ABB Financial Group is privately held and operates in Financial Services.
When did ABB Financial Group acquire Davr Bank?
ABB Financial Group's acquisition of Davr Bank was reported on September 30, 2026. ABB Financial Group has completed the acquisition of a controlling stake in Davr Bank, obtaining 51% ownership. 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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