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ABB

An Azerbaijani universal bank providing retail, corporate and digital financial services.

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KEY FACTS

Sector: Banking
Materials on FinFly: 15
Covered since: June 24, 2026
Latest story: September 18, 2026
Official source: abb-bank.az/en

THE TIMELINE

Everything FinFly reported

Mentioned in body

Economy · September 18, 2026

PASHA Bank Has No Plans to Buy Banks, Focuses on Azerbaijan-Turkey-Georgia Trade

PASHA Bank Deputy Chairman Bahruz Naghiyev said the bank has no plans to acquire local or foreign banks. Its main strategy is financing trade between Azerbaijan, Turkey and Georgia.

In headline / lead

Economy · September 13, 2026

Azerbaijan's Banking Sector Enters an Era of Consolidation and Regional Expansion

Two major deals in 2026 are reshaping Azerbaijan's banking sector: ABB enters the Uzbek market by acquiring Davr Bank, while Bank Respublika absorbs AccessBank, creating an entity with assets of around 4.5 billion manats.

In headline / lead

Economy · September 10, 2026

ABB Acquires 51% of Uzbekistan's Davr Bank for $140 Million

The International Bank of Azerbaijan has acquired a controlling stake in Davr Bank for about 1.65 trillion soums, valuing the entire bank at approximately $280 million.

In headline / lead

Economy · August 22, 2026

Azerbaijan's ABB enters Uzbekistan market via partnership with Davr Bank

Azerbaijan's Economy Minister Mikayil Jabbarov announced that the country's largest bank, ABB, is entering the Uzbekistan market through a partnership and acquisition of a stake in Davr Bank.

In headline / lead

Economy · August 19, 2026

ABB Bank Receives Two Brandon Hall Group Awards

ABB Bank has been named a laureate of the Brandon Hall Group Excellence Awards in the categories 'Digital Development Support in Learning and Development' and 'Best Talent Management Model'.

Mentioned in body

Economy · August 14, 2026

SOCAR's debt grows 18.8% to 3 billion manats

At the start of the year, SOCAR's debt obligations reached 3.047 billion manats, up 18.8% year-on-year. The bulk of the debt is owed to the State Oil Fund.

Mentioned in body

Economy · August 11, 2026

VTB (Azerbaijan) Cuts Non-Interest Expenses

VTB (Azerbaijan) became the only bank to significantly reduce non-interest expenses, while most banks increased costs.

In headline / lead

Economy · August 7, 2026

Fitch Upgrades ABB Bank's Ratings to BB+

International agency Fitch has upgraded ABB Bank's long-term issuer default rating from BB to BB+, with a stable outlook.

Mentioned in body

Economy · August 1, 2026

Azerbaijan's Consumer Credit Limit Reaches 250,000 AZN

Azerbaijani banks are increasing consumer credit limits to 250,000 AZN, targeting high-income clients. The market shows steady growth.

Mentioned in body

Economy · August 1, 2026

Central Bank of Azerbaijan Revokes Bank BTB License, Transforms It into Non-Bank Credit Organization T-Kredit

The Central Bank of Azerbaijan has revoked the banking license of Bank BTB and issued a license to its successor, the non-bank credit organization T-Kredit.

In headline / lead

Economy · July 22, 2026

ABB Bank Customers Report Failures in Transfers and Top-Ups via Apple Pay

ABB Bank customers are reporting widespread failures when topping up cards and making transfers via Apple Pay: funds are debited but transactions are not completed. The bank confirms technical issues and promises refunds.

Mentioned in body

Economy · July 21, 2026

Net Profit of Azerbaijani Banks Rises 26% in Q2 2026

The total net profit of 21 banks in Azerbaijan reached 728.8 million manats in the second quarter of 2026, up 26% year-on-year.

In headline / lead

Economy · July 18, 2026

Euromoney Names ABB Bank 'Best Bank of the Year'

Global financial magazine Euromoney has named ABB Bank 'Best Bank of the Year' in Azerbaijan. The decision was announced on July 16, 2026 in London at the Awards for Excellence ceremony.

In headline / lead

Economy · July 9, 2026

ABB Launches Next Stage of Bond Issuance

On July 10, 2026, the International Bank of Azerbaijan (ABB) launches the next stage of bond issuance, presenting the 7th issue of bonds with a total volume of 5,000,000 AZN.

In headline / lead

IT · June 24, 2026