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

Latest News From Euronews | Euronews RSS 25 August 2026, 14:23 UTC 16h ago

Azerbaijan's biggest bank enters Uzbek market with Davr Bank acquisition — Latest News From Euronews | Euronews RSS

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).

This story was reported by Latest News From Euronews | Euronews RSS. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

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