Davr Bank

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.

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.

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.