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.
Don't miss International Bank of Azerbaijan's next move
Get an email the moment International Bank of Azerbaijan makes an acquisition, hires an exec, or expands, usually minutes after it happens.
One email per event. Unsubscribe anytime.
M&A Insights
Based on deal dataFrequently 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.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.