Acquiring Company
ABB Financial Group
Acquired Company
Davr Bank
Baku
UzbekistanFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceFintechLendingBankingDescription
ABB Financial Group has completed the acquisition of a controlling stake in Davr Bank, obtaining 51% ownership. The deal is valued at approximately USD 140 million and aims to enhance Davr Bank's operational capabilities in Uzbekistan under the 'ABB Davr' brand. Following the acquisition, Davr Bank's international ratings have improved, reflecting its strong market position.
Quick answer
ABB Financial Group is acquiring Davr Bank, announced September 30, 2026. ABB Financial Group is based in Baku, Azerbaijan, Azerbaijan.
- How much did ABB Financial Group pay for Davr Bank?
- The deal value was not disclosed.
- What does ABB Financial Group do?
- ABB Financial Group is a financial services provider focused on banking and investment solutions.
- Where are ABB Financial Group and Davr Bank based?
- ABB Financial Group is based in Baku, Azerbaijan, 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 ABB Financial Group, based in Baku. The deal was reported on September 30, 2026. ABB Financial Group is a financial services provider focused on banking and investment solutions. The group aims to expand its presence in strategic markets. ABB Financial Group is privately held and operates in Financial Services.
When did ABB Financial Group acquire Davr Bank?
ABB Financial Group's acquisition of Davr Bank was reported on September 30, 2026. ABB Financial Group has completed the acquisition of a controlling stake in Davr Bank, obtaining 51% ownership. 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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