DSK Bank Bulgaria

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

 History 
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. 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.

Notes

Category:Banks of Europe