Acquiring Company
International Bank of Azerbaijan
Acquired Company
Davr Bank
Azerbaijan
UzbekistanFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceFintechLendingBankingDescription
The International Bank of Azerbaijan, also known as ABB, has completed the acquisition of a controlling 51% stake in Davr Bank. This transaction, valued at around $100 million, marks ABB's entry into the Uzbek banking market. The acquisition is aimed at leveraging ABB's experience in various banking sectors to develop Davr Bank. This move is significant as it represents a substantial expansion for ABB in the region.
Quick answer
International Bank of Azerbaijan is acquiring Davr Bank, announced August 24, 2026. International Bank of Azerbaijan is based in Azerbaijan.
- How much did International Bank of Azerbaijan pay for Davr Bank?
- The deal value was not disclosed.
- What does International Bank of Azerbaijan do?
- ABB is the largest state-owned bank in Azerbaijan.
- Where are International Bank of Azerbaijan and Davr Bank based?
- International Bank of Azerbaijan is based in Azerbaijan. Davr Bank is based in Uzbekistan.
Source: Fundz verified event record.
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Frequently asked
Who acquired Davr Bank?
Davr Bank was acquired by International Bank of Azerbaijan, based in Azerbaijan. The deal was reported on August 24, 2026. ABB is the largest state-owned bank in Azerbaijan. Owned primarily by the Azerbaijani government, it plays a critical role in the country's banking sector. International Bank of Azerbaijan is privately held and operates in Financial Services.
When did International Bank of Azerbaijan acquire Davr Bank?
International Bank of Azerbaijan's acquisition of Davr Bank was reported on August 24, 2026. The International Bank of Azerbaijan, also known as ABB, has completed the acquisition of a controlling 51% stake in Davr Bank. This transaction, valued at around $100 million, marks ABB's entry into the Uzbek banking market. 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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