TASHKENT, Uzbekistan, August 22. Azerbaijan’s largest bank and the largest bank in the South Caucasus, ABB, is entering the Uzbek market through a partnership and the acquisition of a stake in Davr Bank, Azerbaijan’s Minister of Economy Mikayil Jabbarov said at the fourth Uzbekistan-Azerbaijan Regional Forum in Tashkent, TurkicWorld's special correspondent reports.
According to Jabbarov, virtually all of Azerbaijan’s largest taxpayers are already represented in Uzbekistan. "Today, an agreement will be signed with Azerbaijan’s largest bank and the largest bank in the entire South Caucasus – ABB. This marks the bank’s entry into the Uzbek market through a partnership and the acquisition of a stake in Davr Bank," Jabbarov said.
The minister expressed his gratitude to Uzbek President Shavkat Mirziyoyev, the regulator, the Central Bank and the Uzbek government for creating a favorable investment environment and supporting the implementation of the project. "Taking this opportunity, I would like to express my gratitude to Shavkat Miromonovich, the regulator, the Central Bank and the government for creating an overall favorable investment environment and, in particular, for supporting the implementation of this project," Jabbarov said.
The 4th Forum of Regions of Uzbekistan and Azerbaijan is dedicated to expanding interregional economic cooperation and implementing joint investment and trade projects. Held in Tashkent, the forum aims to further develop direct ties between the regions of the two countries, as well as expand cooperation in investment, industrial, and trade areas.
