{"id":125794,"date":"2026-09-04T08:35:45","date_gmt":"2026-09-04T08:35:45","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/125794\/"},"modified":"2026-09-04T08:35:45","modified_gmt":"2026-09-04T08:35:45","slug":"abb-to-become-davr-banks-main-shareholder-within-10-days-uzdaily-uz","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/125794\/","title":{"rendered":"ABB to Become Davr Bank\u2019s Main Shareholder Within 10 Days \u2014 UzDaily.uz"},"content":{"rendered":"<p>Tashkent, Uzbekistan (UzDaily.uz) \u2014\u00a0Azerbaijan\u2019s ABB Bank will complete the legal transfer of shares in Uzbekistan\u2019s Davr Bank within the next 7\u201310 days and become its main shareholder, while operations under the new ABB Davr brand are expected to begin in October 2026, ABB Chairman Abbas Ibrahimov said in an interview published on the <a href=\"https:\/\/abb-bank.az\/ru\/xeberler\/abb-davr-layihesi-azerbaycanin-maliyye-brendinin-texnologiyasinin-bankciliq-tecrubesinin-daha-genis-cografiyaya-cixisidir\" target=\"_blank\" rel=\"nofollow noopener\">bank\u2019s website<\/a>.<\/p>\n<p>According to Ibrahimov, the ABB Davr project was officially launched on 23 August in the presence of Azerbaijani President Ilham Aliyev and Uzbek President Shavkat Mirziyoyev. By that time, the parties had received all necessary approvals and signed a share purchase agreement. Once registration procedures are completed and changes are entered in the shareholders\u2019 register, the bank will come under ABB\u2019s control.<\/p>\n<p>The rebranding will be carried out in stages. Initially, changes will affect corporate communications and digital channels, followed by branches, ATMs and bank cards. Ibrahimov stressed that the project is not limited to changing the bank\u2019s name. ABB intends to introduce its technologies, service standards and institutional expertise to Uzbekistan while adapting them to the local market.<\/p>\n<p>Davr Bank, which forms the foundation of the project, currently serves more than 2 million customers and has a network of 43 branches and service centers, with a staff of more than 1,800 employees. The bank\u2019s assets exceed 2 billion manats.<\/p>\n<p>According to the ABB chairman, the company considered the bank\u2019s growth dynamics, international connections and customer segments when selecting its platform for entering the Uzbek market.<\/p>\n<p>ABB Davr is planned as a universal bank serving individuals, small and medium-sized businesses and corporate customers, with a focus on digital banking, payments and documentary operations. Ibrahimov said the bank also plans to adapt ABB\u2019s Beyond Banking model, which has been successfully implemented in Azerbaijan, to the Uzbek market.<\/p>\n<p>Speaking about the project\u2019s importance for bilateral economic ties, Ibrahimov noted that more than 470 enterprises with Azerbaijani capital are registered in Uzbekistan, while more than 130 enterprises with Uzbek capital operate in Azerbaijan. According to him, ABB Davr could serve as a financial bridge for this business ecosystem through settlements, trade finance and documentary operations.<\/p>\n<p>For the ABB Group, the deal will be the first step under its geographical expansion strategy for 2026\u20132028. Following completion of the transaction, the group\u2019s customer base is expected to grow to around 5.5 million people, while its potential audience will increase from 10 million to 50 million.<\/p>\n","protected":false},"excerpt":{"rendered":"Tashkent, Uzbekistan (UzDaily.uz) \u2014\u00a0Azerbaijan\u2019s ABB Bank will complete the legal transfer of shares in Uzbekistan\u2019s Davr Bank within&hellip;\n","protected":false},"author":2,"featured_media":125795,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[130],"tags":[232,59650,59651,3264,1037,2009,59179,20142,56329,31591],"class_list":["post-125794","post","type-post","status-publish","format-standard","has-post-thumbnail","category-abb","tag-abb","tag-abb-davr","tag-abbas-ibrahimov","tag-acquisition","tag-azerbaijan","tag-banking","tag-davr-bank","tag-digital-banking","tag-financial-sector","tag-uzbekistan"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117211858608614534","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/125794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=125794"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/125794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/125795"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=125794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=125794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=125794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}