ABB Enters the Uzbek Market: Acquisition of 51% of Davr Bank and the Launch of ABB DAVR
Azerbaijan's ABB Financial Group has completed the acquisition of a controlling stake in Uzbekistan's Davr Bank and launched the ABB DAVR project in Tashkent. We look at what is known about the deal, the results the bank has achieved, and why its international ratings are higher than Uzbekistan's sovereign ratings.
Otabek Yusupov