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DSK Bank

DSK Bank is a major Bulgarian bank that was founded in 1951 as the country's savings bank and has been owned by Hungarian OTP Bank since 2003. The bank was established as the State Savings Bank and included nationalized cooperative banks and agricultural credit cooperatives, receiving exclusive rights to receive deposits from individuals in Bulgaria. Initially the bank lent exclusively to the state but later provided consumer and housing loans to individuals.

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546 views2 pages

DSK Bank

DSK Bank is a major Bulgarian bank that was founded in 1951 as the country's savings bank and has been owned by Hungarian OTP Bank since 2003. The bank was established as the State Savings Bank and included nationalized cooperative banks and agricultural credit cooperatives, receiving exclusive rights to receive deposits from individuals in Bulgaria. Initially the bank lent exclusively to the state but later provided consumer and housing loans to individuals.

Uploaded by

Noel HC
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DSK Bank

DSK Bank (Bulgarian: Банка ДСК, Banka DSK; formerly Държавна


DSK Bank
спестовна каса, Darzhavna spestovna kasa — State Savings Bank) is a major
Bulgarian bank. It has been owned by the Hungarian OTP Bank since 2003,
being transformed into a joint-stock company in 1999, and was founded in 1951
as the country's savings bank.
Founded 1951
Headquarters Sofia, Bulgaria
Total assets 11 100.26 mln BGN
Contents (2015)[1]
History Total equity €810.29 mln
2011 (2015)[1]
Gallery Website www.dskbank.bg (h
See also ttp://www.dskbank.b
External links g)
References

History
The Bank was established under the name of the State Savings Bank (DSK) in 1951 by a decision of the Council of Ministers of
the then People's Republic of Bulgaria. It included the State Savings Bank and the nationalized cooperative popular banks and
agricultural credit cooperatives. It received exclusive rights to receive deposits from private individuals in the country. Initially,
they were used exclusively for lending to the state, and from the mid-1960s the bank was given the opportunity to provide
consumer loans and housing loans to private individuals. Until 1971, it was headed by the Ministry of Finance, and then by the
Bulgarian National Bank.

2011
According to the Individual - Non-Audited financial statement for the first three cumulated quarters of 2011, total net operating
revenues of DSK Bank increased by 6.73%, from BGN 443,030 thousands to BGN 472,855 thousands. Operating result
decreased from BGN 106,152 thousands to BGN 57,477 thousands, which means -45.85% change. The results of the period
decreased 39.24%, reaching BGN 61,618 thousands at the end of the period against BGN 101,414 thousands previous year.[2]

Gallery
Rousse office Targovishte office

See also
List of banks in Bulgaria

External links
DSK Bank website (http://www.dskbank.bg/)

References
1. [1] (https://thebanks.eu/banks/10751)
2. DSK Bank (Банка ДСК) - www.securities.com (http://www.securities.com/Public/company-profile/BG/DSK_Bank_
_%D0%91%D0%B0%D0%BD%D0%BA%D0%B0_%D0%94%D0%A1%D0%9A__en_1403036.html), Retrieved
June 7, 2012

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This page was last edited on 25 May 2019, at 11:47 (UTC).

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