S&P Beynəlxalq Reytinq Agentliyi ABB-nin İdarə Heyətinin sədri Abbas İbrahimovun Özbəkistanda fəaliyyət göstərən DavrBank haqqında açıqlamasından sonra DavrBankın reytinqlərinə yenidən baxıb.

Marja.az-ın məlumatına görə, agentlik Bankın “B” uzunmüddətli emitent kredit reytinqini müsbət gözləntilərlə “CreditWatch” siyahısına daxil edib. Bankın qısamüddətli “B” reytinqinə isə “Pozitiv” proqnozu verib.

Xatırladaq ki, mayın 8-də keçirdiyi mətbuat konfransında Abbas İbrahimov ABB-nin DavrBankda 51%-lik məzarət səhm paketini əldə etməyə hazırlaşdığını açıqlamışdı. Sənədləşmə prosedurlarının yaxın aylarda başa çatdırılması, bu ilin ikinci yarısından ABB-nin Özbəkistan bazarında ABB Davr Bank adı ilə fəaliyyətə başlaması planlaşdırılır. Agentlik ekspertlərinin rəyinə görə, satınalma başa çatandan sonra Davr Bank ABB Maliyyə Qrupunun dəstəyindən faydalanacaq.

Davr-Bank ABB Maliyyə Qrupunun ümumi aktivlərinin və kapitalının 10%-11%-ni təşkil edəcək. Davr-Bankın orta kapital gəlirliliyi son bir neçə il ərzində davamlı şəkildə 35%-dən yüksək olub. S&P Beynəlxalq Reytinq Agentliyi bu göstəricinin növbəti üç il ərzində də güclü qalacağını və ən azı 20%-25%-dən yuxarı olacağını proqnozlaşdırır. Bu sövdələşmə ABB-nin coğrafi genişlənmə və regional oyunçu kimi mövqelərini gücləndirmə hədəfinə uyğundur.

S&P Beynəlxalq Reytinq Agentliyinin relizi ilə buradan tanış ola bilərsiniz.

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Davr-Bank 'B' Rating Placed On CreditWatch Positive On Announced Acquisition By International Bank Of Azerbaijan

DUBAI (S&P Global Ratings) May 15, 2026--S&P Global Ratings today placed its 'B' long-term issuer credit rating on Davr-Bank on CreditWatch with positive implications. We also affirmed our 'B' short-term rating on the bank.

The CreditWatch placement follows ABB's announcement that it plans to acquire 51% of Davr-Bank’s shares. ABB is Azerbaijan’s biggest state-owned systemically important bank. We expect Davr-Bank to become part of the ABB group and that the combined group will have higher creditworthiness compared with Davr-Bank on a stand-alone basis. The deal exceeds $100 million, which indicates an enterprise value of above Davr-Bank’s capital as of April 1, 2026 ($182 million). We expect the deal to be completed in the second half of 2026, subject to regulators’ and antimonopoly committee approvals.

Upon the acquisition's closing, we may view Davr-Bank as a sizable subsidiary of ABB and important to the group's long-term strategy. This could result in a one-notch upgrade of Davr-Bank. Davr-Bank will account for 10%-11% of the ABB group’s total assets and equity. Davr-Bank’s return on average equity has consistently exceeded 35% over the past few years (35.6% in 2025), and we expect this to remain robust and above 20%-25% over the next three years. The deal fits ABB’s long-term strategy, which envisages international expansion and positioning itself as a regional player. Davr-Bank will be renamed ABB Davr-Bank and will share the brand name with the parent after the deal. However, the level of integration between the two entities is yet to be tested.

We expect Davr-Bank’s capitalization will remain solid. The bank’s risk-adjusted capital (RAC) improved and accounted for 10.9% in 2025 (9.5% in 2024), benefiting from higher retained earnings and property revaluation reserve (6% of total equity as of year-end 2025). We expect our RAC ratio will remain at 10.0%-10.3% over the next 12-18 months, supported by solid earnings and 100% net income retention. This is based on our expectation that the bank's loan book growth will account for 30%-35%. We forecast that Davr-Bank’s net interest margin will remain strong (10.0%-10.3%), thanks to high interest rates and the bank’s expansion into the higher-margin retail and small-to-midsize-enterprise loans. Under our base-case scenario, we do not anticipate that the bank will issue new shares for the purposes of the acquisition or capital injections from shareholders over 2026-2027. That said, the upcoming acquisition may entail execution risk and additional losses. Furthermore, changes in ownership could lead to upward revisions in strategic plans for loan book growth, as well as shifts in dividend policy. This, in turn, may affect capital buildup and bring the RAC ratio to below 10% over the next two to three years. This constrains our assessment of Davr-Bank’s capital position at adequate, although we expect robust capitalization will remain a rating strength.

The CreditWatch positive placement reflects our expectation that we could raise our long-term issuer credit rating on Davr-Bank by one notch once the acquisition closes, reflecting its potential importance to the group’s long-term strategy, which makes it eligible for extraordinary group support. Conversely, if the transaction fails to close, which we do not expect, we would remove the CreditWatch placement and assess any implications for Davr-Bank’s stand-alone credit profile.

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