DSK Bank Bulgaria

Bulgarian banking institution

The DSK Bank (Bulgarian: Банка ДСК) is the largest bank in Bulgaria.[1] It was founded in 1951 and is owned by the Hungarian OTP Bank.

DSK Bank Bulgaria
Native name
Банка ДСК
Banka DSK
Founded1951
Headquarters,
Area served
Bulgaria
OwnerOTP Bank
Websitedskbank.bg

History

change

The bank was founded in 1951 as the State Savings Bank (DSK) by a decision of the Council of Ministers in the People's Republic of Bulgaria.[2] It combined the State Savings Bank with nationalized cooperative banks and agricultural credit cooperatives. The bank had exclusive rights to accept deposits from private individuals in the country. At first, these deposits were only used to lend money to the state. Starting in the mid-1960s, the bank was allowed to give consumer and housing loans to private individuals. It has been owned by OTP Bank since 2004.[3][4]

  1. "Bulgarian banks could face higher costs after country's greylisting". www.thebanker.com. Retrieved 2024-05-25.
  2. "About DSK Bank". dskbank.bg. 2023-08-14. Retrieved 2024-05-25.
  3. "Bulgaria". www.otpbank.hu. Retrieved 2025-01-01.
  4. "OTP-DSK: aláírták a bolgár bank eladásáról szóló szerződést". hvg.hu (in Hungarian). 2003-05-20. Retrieved 2025-01-01.