{"id":2112981,"date":"2026-08-25T14:23:29","date_gmt":"2026-08-25T11:23:29","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2112981"},"modified":"2026-08-25T14:23:29","modified_gmt":"2026-08-25T11:23:29","slug":"azerbaijans-biggest-bank-enters-uzbek-market-with-davr-bank-acquisition","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2112981","title":{"rendered":"Azerbaijan&#8217;s biggest bank enters Uzbek market with Davr Bank acquisition"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/45\/1200x675_cmsv2_5096e261-da93-5d15-a91c-412ab0abc525-9887745.jpg&#8221;]<\/p>\n<article id=\"abe-2920818-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920818\" data-cid=\"9890327\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920818-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/03\/27\/189x106_cmsv2_154aa67b-ab1f-5a96-a8ef-b75e75a10a3c-9890327.jpg\" loading=\"lazy\" alt=\"Mark Carney is Prime Minister of Canada since March 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Carney to address European Parliament as Canada pivots away from Trump\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920800-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920800\" data-cid=\"9890273\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920800-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/73\/189x106_cmsv2_524622af-8603-5047-92df-9f98d76c7d10-9890273.jpg\" loading=\"lazy\" alt=\"Tim Curry, legendary star of \u2018The Rocky Horror Picture Show\u2019 and &apos;IT&apos;, dies aged 80\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Tim Curry, legendary star of \u2018The Rocky Horror Picture Show\u2019 and &#8216;It&#8217;, dies aged 80\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920795-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920795\" data-cid=\"9890268\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920795-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/68\/189x106_cmsv2_97249a5d-b296-5373-8ec6-8c8a4ea89d0d-9890268.jpg\" loading=\"lazy\" alt=\"FIFA President Gianni Infantino attends the closing ceremony of the Esports World Cup at the Grand Palais in Paris, France, Sunday Aug. 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Sport<\/p>\n<div class=\"the-media-object__title  \">\n<p>    UEFA expected to cancel planned boycott of FIFA tournaments\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920804-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2920804\" data-cid=\"9890277\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920804-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/77\/189x106_cmsv2_44692a1d-991c-50d2-a7be-deae17d4a349-9890277.jpg\" loading=\"lazy\" alt=\"Latest news bulletin | August 26th, 2026 \u2013 Evening\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Top News Stories Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Latest news bulletin | August 26th, 2026 \u2013 Evening\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920818-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920818\" data-cid=\"9890327\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920818-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/03\/27\/189x106_cmsv2_154aa67b-ab1f-5a96-a8ef-b75e75a10a3c-9890327.jpg\" loading=\"lazy\" alt=\"Mark Carney is Prime Minister of Canada since March 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Carney to address European Parliament as Canada pivots away from Trump\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920800-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920800\" data-cid=\"9890273\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920800-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/73\/189x106_cmsv2_524622af-8603-5047-92df-9f98d76c7d10-9890273.jpg\" loading=\"lazy\" alt=\"Tim Curry, legendary star of \u2018The Rocky Horror Picture Show\u2019 and &apos;IT&apos;, dies aged 80\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Tim Curry, legendary star of \u2018The Rocky Horror Picture Show\u2019 and &#8216;It&#8217;, dies aged 80\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920795-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920795\" data-cid=\"9890268\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920795-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/68\/189x106_cmsv2_97249a5d-b296-5373-8ec6-8c8a4ea89d0d-9890268.jpg\" loading=\"lazy\" alt=\"FIFA President Gianni Infantino attends the closing ceremony of the Esports World Cup at the Grand Palais in Paris, France, Sunday Aug. 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Sport<\/p>\n<div class=\"the-media-object__title  \">\n<p>    UEFA expected to cancel planned boycott of FIFA tournaments\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920804-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2920804\" data-cid=\"9890277\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920804-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/77\/189x106_cmsv2_44692a1d-991c-50d2-a7be-deae17d4a349-9890277.jpg\" loading=\"lazy\" alt=\"Latest news bulletin | August 26th, 2026 \u2013 Evening\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Top News Stories Today<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Latest news bulletin | August 26th, 2026 \u2013 Evening\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          News<\/p>\n<p>                          World<\/p>\n<p>                          Azerbaijan<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Azerbaijan&#8217;s biggest bank enters Uzbek market with Davr Bank acquisition<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/45\/1536x864_cmsv2_5096e261-da93-5d15-a91c-412ab0abc525-9887745.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"International Bank of Azerbaijan has officially entered the banking sector of Uzbekistan\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              International Bank of Azerbaijan has officially entered the banking sector of Uzbekistan<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">Azertag, August 2026<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0Azertag, August 2026\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspNargiz Mammadzada&amp;nbsp&amp;&amp;nbspNadira Tudor\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1787667809\">\n                    Published on                 <time datetime=\"2026-08-25 16:23:29 +02:00\">25\/08\/2026 &#8211; 16:23 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"19:10\">19:10<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" width=\"24\" height=\"24\" alt=\"Close Button\" class=\"u-cursor-pointer js-c-article-share-comment-close\" loading=\"lazy\"><\/div>\n<div class=\"c-article-share-comment-popup__content u-display-flex\">\n<div id=\"share-comment-popup-content-container\" class=\"c-article-share-comment-popup__content__container u-display-flex\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-facebook.svg\" width=\"24\" height=\"24\" alt=\"facebook\" loading=\"lazy\"><span>Facebook<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-facebook.svg\" width=\"48\" height=\"48\" alt=\"facebook\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-twitter.svg\" width=\"24\" height=\"24\" alt=\"twitter\" loading=\"lazy\"><span>Twitter<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-twitter.svg\" width=\"48\" height=\"48\" alt=\"twitter\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-flipboard.svg\" width=\"24\" height=\"24\" alt=\"flipboard\" loading=\"lazy\"><span>Flipboard<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-flipboard.svg\" width=\"48\" height=\"48\" alt=\"flipboard\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-send.svg\" width=\"24\" height=\"24\" alt=\"send\" loading=\"lazy\"><span>Send<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-send.svg\" width=\"48\" height=\"48\" alt=\"send\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-reddit.svg\" width=\"24\" height=\"24\" alt=\"reddit\" loading=\"lazy\"><span>Reddit<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-reddit.svg\" width=\"48\" height=\"48\" alt=\"reddit\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-linkedin.svg\" width=\"24\" height=\"24\" alt=\"linkedin\" loading=\"lazy\"><span>Linkedin<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-linkedin.svg\" width=\"48\" height=\"48\" alt=\"linkedin\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-messenger.svg\" width=\"24\" height=\"24\" alt=\"messenger\" loading=\"lazy\"><span>Messenger<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-messenger.svg\" width=\"48\" height=\"48\" alt=\"messenger\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"24\" height=\"24\" alt=\"telegram\" loading=\"lazy\"><span>Telegram<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-telegram.svg\" width=\"48\" height=\"48\" alt=\"telegram\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"24\" height=\"24\" alt=\"vk\" loading=\"lazy\"><span>VK<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"48\" height=\"48\" alt=\"vk\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        Azerbaijan&#8217;s largest financial institution, the International Bank of Azerbaijan, is expanding its corporate banking operations by acquiring a 51% controlling stake in Uzbekistan&#8217;s Davr Bank in a deal valued at $150 million (\u20ac128.5m).<br \/>\n    <\/h2>\n<div class=\"c-article-content js-article-content\">\n<p>The largest state-owned financial institution in Azerbaijan, the International Bank of Azerbaijan (ABB), has officially entered the banking sector of Uzbekistan. <\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>Under the new agreement, the bank will acquire a 51% controlling stake in Davr Bank, a local private commercial institution. <\/p>\n<p>The transaction, valued at approximately $150 million (\u20ac128.5m), is one of the largest direct investment projects of South Caucasian capital into the Central Asian financial markets. <\/p>\n<p>The agreement aims to combine the technological and corporate banking expertise of both institutions, formalising the entry of the bank into Uzbekistan through a direct acquisition.<\/p>\n<h2>Agreement details and market share<\/h2>\n<p>According to S&amp;P Global, this acquisition gives ABB a direct presence in Uzbekistan&#8217;s rapidly changing financial services sector, placing Davr Bank&#8217;s long-term issuer credit rating on CreditWatch with positive implications. <\/p>\n<p>With trade between the two countries expected to reach \u20ac856 million by 2030, according to bilateral state agreements, the new financial institution will become one of the main clearing and credit centres serving this volume. <\/p>\n<p>Davr Bank&#8217;s expertise in financing small and medium enterprises will complement ABB&#8217;s extensive corporate resources. <\/p>\n<p>Chairman of the Management Board of ABB Abbas Ibrahimov hailed the deal as &#8220;the first historical step towards the geographical expansion goal&#8221; and said it is a &#8220;great honour&#8221;. <\/p>\n<p>&#8220;We assess this project as the beginning of our long-term activity in Uzbekistan, and we want to be a reliable financial partner for business, citizens, and the country&#8217;s economy,&#8221; he added as he outlined upcoming plans. <\/p>\n<p>He described this transaction as &#8220;taking banking services to a qualitatively new stage,&#8221;, and highlighted that &#8220;experience, innovative technologies, and sustainable capital of our new partner will allow Davr Bank to provide advanced financial products to its customers in the shortest possible time&#8221;.<\/p>\n<p>The Founder and Chairman of the Supervisory Board of Davr Bank, Lutfulla Ubayev, has also commented on the new deal and stated that the partnership will \u201cguarantee higher stability and a strong technological leap for our bank.&#8221; <\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.667\">\n<div class=\"widget__wrapper\">\n<div class=\"widget__ratio widget__ratio--auto\">\n<div class=\"widget__contents\">\n<figure class=\"widget__figure\"><img decoding=\"async\" class=\"widgetImage__image\" loading=\"lazy\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/45\/808x539_cmsv2_4f706d09-1c0c-5789-a1c9-fa86acd140ad-9887745.jpg\" alt=\"International Bank of Azerbaijan has officially entered the banking sector of Uzbekistan. Officials of both countries with the bank employees\"><figcaption class=\"widget__caption\"><span class=\"widget__captionWrap\"><span class=\"widget__captionText\">International Bank of Azerbaijan has officially entered the banking sector of Uzbekistan. Officials of both countries with the bank employees<\/span><span class=\"widget__captionCredit\">Azertag, August 2026<\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Financial indicators<\/h2>\n<p>Both institutions have differing financial profiles. <\/p>\n<p>ABB Bank currently manages total assets of approximately \u20ac7.8 billion. The institution serves more than 17,500 legal entities and 3 million individual clients through a network of 78 branches nationwide. ABB Bank&#8217;s net profit in the first quarter of 2026 amounted to approximately \u20ac60 million. <\/p>\n<p>Davr Bank&#8217;s total assets are approximately \u20ac910 million, making it the 20th largest financial institution by total assets. It was registered in Uzbekistan in 2001 and focuses mainly on micro and small business lending. The institution operates through 43 branches, serving more than 1.4 million clients. <\/p>\n<p>S&amp;P Global has calculated that Davr Bank&#8217;s return on average equity has consistently exceeded 35% in recent years, reaching 35.6% in 2025. <\/p>\n<p>The international rating agency expects this profitability to remain robust, at 20 to 25%, over the next three years. <\/p>\n<p>After the acquisition, Davr Bank will account for 10 to 11% of the consolidated ABB group&#8217;s total assets and equity. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">How ABB Bank is integrating AI across banking operations in Central Asia and the Caucasus<\/li>\n<li class=\"c-widget-related__item\">Uzbekistan and Azerbaijan deepen alliance with $1bn trade target and stronger Trans-Caspian links<\/li>\n<\/ul>\n<\/div>\n<h2>Technology and corporate operations<\/h2>\n<p>As part of the acquisition, ABB Bank will synchronise its existing digital banking platforms and risk management systems with Davr Bank&#8217;s infrastructure. <\/p>\n<p>ABB Bank&#8217;s access to the foreign market through direct investment will support Azerbaijani companies&#8217; economic activities in Central Asia and ensure uninterrupted import-export operations. <\/p>\n<p>Uzbekistan&#8217;s economy has undergone a major reform process for foreign capital in recent years, and partial privatisation of the banking sector is a key element of this process. <\/p>\n<p>The renewed financial institution will serve both Davr Bank&#8217;s existing local clients and Azerbaijani enterprises operating in the Central Asian region. <\/p>\n<p>The plan is to accelerate cross-border payments, issue letters of credit and expand trade financing instruments as a result of the joint activity.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Nearly \u20ac1bn earmarked as five-part plan targets business growth, AI and exports<\/p>\n<\/h3>\n<\/div>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Revolut bags full French banking licence in European growth push<\/p>\n<\/h3>\n<\/div>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Beyond the shadow of &#8216;Too Big to Fail&#8217;: moving past a fragmented European banking system<\/p>\n<\/h3>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Banking<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Investment<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Uzbekistan<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Economy<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Azerbaijan<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920818-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920818\" data-cid=\"9890327\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920818-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/03\/27\/320x180_cmsv2_154aa67b-ab1f-5a96-a8ef-b75e75a10a3c-9890327.jpg\" loading=\"lazy\" alt=\"Mark Carney is Prime Minister of Canada since March 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Carney to address European Parliament as Canada pivots away from Trump<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920721-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920721\" data-cid=\"9889722\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920721-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/97\/22\/320x180_cmsv2_2d26d57e-e0cd-5a5b-966d-3760a4148b4d-9889722.jpg\" loading=\"lazy\" alt=\"FILE - CIA Director John Ratcliffe listens during a Cabinet meeting at the White House in Washington, March 26, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why did the CIA director fly to Moscow: Ukraine, NATO or Iran?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920661-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920661\" data-cid=\"9889300\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920661-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/93\/00\/320x180_cmsv2_4ab7069e-3355-5f9d-9901-008faad1bd69-9889300.jpg\" loading=\"lazy\" alt=\"Prime Minister Mark Carney speaks about Canada&apos;s response to new US tariffs during a news conference in Ottawa..\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Canada wants to get closer to the EU &#8211; but how far can it go?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920795-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920795\" data-cid=\"9890268\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920795-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/68\/320x180_cmsv2_97249a5d-b296-5373-8ec6-8c8a4ea89d0d-9890268.jpg\" loading=\"lazy\" alt=\"FIFA President Gianni Infantino attends the closing ceremony of the Esports World Cup at the Grand Palais in Paris, France, Sunday Aug. 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    UEFA expected to cancel planned boycott of FIFA tournaments<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920767-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920767\" data-cid=\"9890061\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920767-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/61\/320x180_cmsv2_160079a4-6208-5f15-8386-efeca196301f-9890061.jpg\" loading=\"lazy\" alt=\"FILE - Adam Mosseri, CEO of Instagram, arrives in court to testify in a landmark social media case that seeks to hold tech companies responsible for harms to children.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Meta agrees to pay $17bn in landmark US child-safety settlement deal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2920528-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920528\" data-cid=\"9888725\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    French man detained in Italy after three Akeron missiles found in van<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2920328-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920328\" data-cid=\"9887542\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Conservatives, liberals call to freeze EU cash for Romania over mayor<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2920388-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920388\" data-cid=\"9888919\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Row over weight of half a loaf leaves German baker with \u20ac15,000 bill<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2920346-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920346\" data-cid=\"9888068\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Drones and ships running blind as GPS malfunctions across Poland<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2920497-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920497\" data-cid=\"9888498\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    306 people infected with salmonella in Belgium in egg-linked outbreak<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2920818-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920818\" data-cid=\"9890327\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920818-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/03\/27\/320x180_cmsv2_154aa67b-ab1f-5a96-a8ef-b75e75a10a3c-9890327.jpg\" loading=\"lazy\" alt=\"Mark Carney is Prime Minister of Canada since March 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Carney to address European Parliament as Canada pivots away from Trump<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920721-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920721\" data-cid=\"9889722\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920721-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/97\/22\/320x180_cmsv2_2d26d57e-e0cd-5a5b-966d-3760a4148b4d-9889722.jpg\" loading=\"lazy\" alt=\"FILE - CIA Director John Ratcliffe listens during a Cabinet meeting at the White House in Washington, March 26, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why did the CIA director fly to Moscow: Ukraine, NATO or Iran?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920661-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920661\" data-cid=\"9889300\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920661-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/93\/00\/320x180_cmsv2_4ab7069e-3355-5f9d-9901-008faad1bd69-9889300.jpg\" loading=\"lazy\" alt=\"Prime Minister Mark Carney speaks about Canada&apos;s response to new US tariffs during a news conference in Ottawa..\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Canada wants to get closer to the EU &#8211; but how far can it go?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920795-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920795\" data-cid=\"9890268\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920795-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/02\/68\/320x180_cmsv2_97249a5d-b296-5373-8ec6-8c8a4ea89d0d-9890268.jpg\" loading=\"lazy\" alt=\"FIFA President Gianni Infantino attends the closing ceremony of the Esports World Cup at the Grand Palais in Paris, France, Sunday Aug. 23, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    UEFA expected to cancel planned boycott of FIFA tournaments<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920767-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920767\" data-cid=\"9890061\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920767-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/61\/320x180_cmsv2_160079a4-6208-5f15-8386-efeca196301f-9890061.jpg\" loading=\"lazy\" alt=\"FILE - Adam Mosseri, CEO of Instagram, arrives in court to testify in a landmark social media case that seeks to hold tech companies responsible for harms to children.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Meta agrees to pay $17bn in landmark US child-safety settlement deal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920528-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920528\" data-cid=\"9888725\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    French man detained in Italy after three Akeron missiles found in van<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920328-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920328\" data-cid=\"9887542\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Conservatives, liberals call to freeze EU cash for Romania over mayor<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920388-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920388\" data-cid=\"9888919\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Row over weight of half a loaf leaves German baker with \u20ac15,000 bill<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920346-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920346\" data-cid=\"9888068\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Drones and ships running blind as GPS malfunctions across Poland<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920497-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920497\" data-cid=\"9888498\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    306 people infected with salmonella in Belgium in egg-linked outbreak<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The largest state-owned financial institution in Azerbaijan, the International Bank of Azerbaijan (ABB), has officially entered the banking sector of Uzbekistan.Under the new agreement, the bank will acquire a 51% controlling stake in Davr Bank, a local private commercial institution.\u00a0The transaction, valued at approximately $150 million (\u20ac128.5m), is one of the largest direct investment projects of South Caucasian capital into the Central Asian financial markets.The agreement aims to combine the technological and corporate banking expertise of both institutions, formalising the entry of the bank into Uzbekistan through a direct acquisition.Agreement details and market shareAccording to S&amp;P Global, this acquisition gives ABB a direct presence in Uzbekistan&#8217;s rapidly changing financial services sector, placing Davr Bank&#8217;s long-term issuer credit rating on CreditWatch with positive implications. \u00a0With trade between the two countries expected to reach \u20ac856 million by 2030, according to bilateral state agreements, the new financial institution will become one of the main clearing and credit centres serving this volume.\u00a0Davr Bank&#8217;s expertise in financing small and medium enterprises will complement ABB&#8217;s extensive corporate resources.\u00a0Chairman of the Management Board of ABB Abbas Ibrahimov hailed the deal as &#8220;the first historical step towards the geographical expansion goal&#8221; and said it is a &#8220;great honour&#8221;.\u00a0&#8220;We assess this project as the beginning of our long-term activity in Uzbekistan, and we want to be a reliable financial partner for business, citizens, and the country&#8217;s economy,&#8221; he added as he outlined\u00a0upcoming plans.\u00a0He described this transaction as &#8220;taking banking services to a qualitatively new stage,&#8221;, and highlighted that &#8220;experience, innovative technologies, and sustainable capital of our new partner will allow Davr Bank to provide advanced financial products to its customers in the shortest possible time&#8221;.The Founder and Chairman of the Supervisory Board of Davr Bank, Lutfulla Ubayev, has also commented on the new deal and stated that the partnership will \u201cguarantee higher stability and a strong technological leap for our bank.&#8221; \u00a0Financial indicatorsBoth institutions have differing financial profiles.\u00a0ABB Bank currently manages total assets of approximately \u20ac7.8 billion. The institution serves more than 17,500 legal entities and 3 million individual clients through a network of 78 branches nationwide. ABB Bank&#8217;s net profit in the first quarter of 2026 amounted to approximately \u20ac60 million.\u00a0Davr Bank&#8217;s total assets are approximately \u20ac910 million, making it the 20th largest financial institution by total assets. It was registered in Uzbekistan in 2001 and focuses mainly on micro and small business lending. The institution operates through 43 branches, serving more than 1.4 million clients.\u00a0S&amp;P Global has calculated that Davr Bank&#8217;s return on average equity has consistently exceeded 35% in recent years, reaching 35.6% in 2025. \u00a0The international rating agency expects this profitability to remain robust, at 20 to 25%, over the next three years.After the acquisition, Davr Bank will account for 10 to 11% of the consolidated ABB group&#8217;s total assets and equity.\u00a0Technology and corporate operationsAs part of the acquisition, ABB Bank will synchronise its existing digital banking platforms and risk management systems with Davr Bank&#8217;s infrastructure. \u00a0ABB Bank&#8217;s access to the foreign market through direct investment will support Azerbaijani companies&#8217; economic activities in Central Asia and ensure uninterrupted import-export operations.\u00a0Uzbekistan&#8217;s economy has undergone a major reform process for foreign capital in recent years, and partial privatisation of the banking sector is a key element of this process.\u00a0The renewed financial institution will serve both Davr Bank&#8217;s existing local clients and Azerbaijani enterprises operating in the Central Asian region. \u00a0The plan is to accelerate cross-border payments, issue letters of credit and expand trade financing instruments as a result of the joint activity.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/2026\/08\/25\/azerbaijans-biggest-bank-enters-uzbek-market-with-davr-bank-acquisition&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/88\/77\/45\/1200x675_cmsv2_5096e261-da93-5d15-a91c-412ab0abc525-9887745.jpg&#8221;] Europe News Carney to address European Parliament as Canada pivots away from Trump Culture news Tim Curry, legendary star of \u2018The Rocky Horror Picture Show\u2019 and &#8216;It&#8217;, dies aged 80 Sport UEFA expected to cancel planned boycott of FIFA tournaments Top News Stories Today Latest news bulletin | August 26th, 2026 \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2112981","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2112981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2112981"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2112981\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2112981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2112981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2112981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}