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Azerbaijan's biggest bank enters Uzbek market with Davr Bank acquisition

Summary by Euronews
Azerbaijan's largest financial institution, the International Bank of Azerbaijan, is expanding its corporate banking operations by acquiring a 51% controlling stake in Uzbekistan's Davr Bank in a deal valued at $150 million (€128.5m).

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Azerbaijan's biggest bank enters Uzbek market with Davr Bank acquisition

Azerbaijan's largest financial institution, the International Bank of Azerbaijan, is expanding its corporate banking operations by acquiring a 51% controlling stake in Uzbekistan's Davr Bank in a deal valued at $150 million (€128.5m).

·Lyon, France
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Euronews broke the news in Lyon, France on Tuesday, August 25, 2026.
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