The trades went through the Republican Stock Exchange in Tashkent under the ticker DRBK: 51 million ordinary shares at 32,281.28 soums each, Spot.uz reported at 15:05 Tashkent time. The sellers were the bank's two largest shareholders, Lutfulla Ubayev, chairman of the supervisory board, with 46.9%, and Makhfuza Ubayeva with 13.5%.
At the deal price the whole bank is worth 3.23 trillion soums, $273.6 million, Gazeta.uz calculated. Davr Bank was registered in September 2001; its assets stood at 13.2 trillion soums on 1 July, up 18.9% in a year, and its 2025 net profit was 631.5 billion soums, up 62%.
The buyer is a large Azerbaijani state bank, known by its Azerbaijani initials ABB. The deal was announced on 8 May at more than $100 million; Davr's shareholders approved talks on 15 June; and on 23 August, the day the two countries' supreme intergovernmental council sat in Tashkent, Ilham Aliyev said a leading Azerbaijani bank had entered the Uzbek market and thanked the central bank and the government for a comfortable investment environment. The trades came 18 days later.
Neither report explains the difference. Spot.uz says only that the sum exceeds the May figure; Gazeta.uz gives the arithmetic and not the reason. Whether the $100 million was a floor, a first tranche or a pre-valuation figure is not stated by either bank.
At the deal price the whole bank is worth 3.23 trillion soums, $273.6 million, Gazeta.uz calculated.
It is the first purchase of an Uzbek bank by an Azerbaijani one in CAW's coverage, and it is a purely regional deal: no Russian and no Western actor in the transaction, the money crossing the Caspian from a state bank in Baku to two shareholders in Tashkent. What ABB intends to do with a mid-sized Uzbek bank, and who holds the remaining 49%, the reports do not say.