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Euronews
Euronews
Nargiz Mammadzada

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

Azerbaijan Uzbekistan SP Global ABB

The largest state-owned financial institution in Azerbaijan, the International Bank of Azerbaijan (ABB), has officially entered the banking sector of Uzbekistan.

Under the new agreement, the bank will acquire a 51% controlling stake in Davr Bank, a local private commercial institution.

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