פרויקט בנק ABB Davr הושק
בהשתתפות נשיאי אזרבייג'ן ואוזבקיסטן
צילום Bank ABB - International Bank of Azerbaijan
טאשקנט, אוזבקיסטן, 23
באוגוסט 2026, GLOBE NEWSWIRE
פרויקט ABB Davr Bank הושק רשמית בטשקנט, בהשתתפותם המקוונת של נשיא הרפובליקה של
אזרבייג'ן, אילהם אלייב, ונשיא הרפובליקה של אוזבקיסטן, שבקט מירזייויב.
ABB Davr Bank project launched with participation
of the Presidents of Azerbaijan and Uzbekistan
TASHKENT, Uzbekistan, August
23, 2026, GLOBE NEWSWIRE
The ABB Davr Bank project was officially launched in Tashkent with the
online participation of President of the Republic of Azerbaijan Ilham Aliyev
and President of the Republic of Uzbekistan Shavkat Mirziyoyev.
The launch took place during a ceremony marking the inauguration and
groundbreaking of projects being implemented by Azerbaijan in Uzbekistan.
Speaking during joint statements to the press with President Mirziyoyev,
President Aliyev described the development as the entry of a leading
Azerbaijani bank into the Uzbek market.
Under the project, ABB Bank will acquire a controlling stake in Davr Bank,
one of Uzbekistan’s commercial banks. Following completion of the transaction,
the Bank will operate in the country under the ABB Davr brand.
On August 22, during the Fourth Uzbekistan–Azerbaijan Interregional Forum
in Tashkent, Abbas Ibrahimov, Chairman of ABB’s Management Board, and Lutfulla
Ubayev, Shareholder and Chairman of Davr Bank’s Supervisory Board, signed a
share purchase agreement for ABB Bank to acquire a controlling stake in Davr
Bank.
All required regulatory approvals have been obtained and the relevant
agreements have been signed. Completion of the acquisition remains subject only
to the final settlement of the transaction.
The agreement represents an important step in ABB’s expansion into
Uzbekistan’s financial market, in line with the geographic expansion objectives
set out in the Bank’s 2026–2028 Strategic Development Plan.
Operating under the ABB Davr brand, the Bank will provide a broad
range of financial services to corporate and retail customers throughout
Uzbekistan. ABB Financial Group will introduce its corporate governance
practices, digital transformation expertise, artificial intelligence-based
solutions and comprehensive financial services for small and medium-sized
enterprises to the Uzbek market.
With a population approaching 40 million and a rapidly growing economy,
Uzbekistan presents significant opportunities for the development of modern
banking services and solutions. ABB Davr Bank will seek to contribute to this
development, with a particular focus on creating additional opportunities for
the country’s small and medium-sized enterprises.
ABB Bank’s presence in Uzbekistan will also create significant new
opportunities for the Group and further strengthen the regional and
international standing of ABB Financial Group as a well-established Azerbaijani
brand.
Abbas Ibrahimov, Chairman of ABB’s Management Board and Lutfulla Ubayev,
Shareholder and Chairman of Davr Bank’s Supervisory Board, thanked the
Presidents of Azerbaijan and Uzbekistan, as well as the relevant government
authorities, for their support in creating the conditions for ABB’s entry into
the Uzbek market.
“It is a great honour for us that the first historic step towards ABB’s
geographic expansion in its new strategic period has been taken in brotherly
Uzbekistan,” Ibrahimov said. “We view this project as the beginning of our
long-term presence in Uzbekistan and aspire to become a trusted financial
partner for businesses, individuals and the country’s economy. Our ambition is
to create new opportunities, support economic development and contribute to the
further strengthening of cooperation between Azerbaijan and Uzbekistan.”
Lutfulla Ubayev, Shareholder and Chairman of Davr Bank’s Supervisory Board,
said: “With this transaction, we are taking banking services to a qualitatively
new level. The expertise, innovative technologies and strong capital base of
our new partner will enable Davr Bank to offer advanced financial products to
its customers within a short period. This partnership will provide our Bank
with even greater stability and lay the foundation for a major technological
leap forward.”
More information about ABB
Bank is available at abb-bank.az.
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