DSK Bank (Bulgarian ：Банка ДСК， Banka DSK; formerly known as Държавна спестовна каса， Darzhavna spestovna kasa - National Savings Bank) is the largest bank in Bulgaria. It was founded in 1951 as the country's savings bank and converted into a joint-stock company in 1999. It has been owned by OTP Bank in Budapest since 2003.

DSK Bank was designated in 2020 as an important institution under the European standards of banking supervision and is therefore directly supervised by the European Central Bank.

DSK Bank is owned by OTP Bank of Hungary, the parent bank of OTP Group, the largest financial services provider in Hungary and a regional market leader in Central and South-Eastern Europe.

History

The bank was established in 1951 under the name of the National Savings Bank (DSK) by a decision of the Council of Ministers of the then People's Republic of Bulgaria. It consisted of the National Savings Bank and the nationalized cooperatives, the Popular Bank and the Agricultural Credit Cooperative. It acquired the exclusive right to receive deposits from private individuals in the country. Initially they were used exclusively to provide loans to the state, and from the mid-1960s the bank had the opportunity to provide consumer loans and housing loans to private individuals. Until 1971 it was led by the Ministry of Finance and then by the National Bank of Bulgaria.

Operation

In April 2022, DSK Bank announced a partnership agreement with Backbase, a fintech software provider based in Amsterdam.

DSK Bank has a high-tech office. DSK Bank's electronic and mobile banking platforms - DSK Direct and DSK Smart, as well as DSK mToken, an application for signing transfers and documents online, are becoming an increasingly popular channel for online banking. With them, users can quickly, easily and conveniently access the balance and movement of their accounts, transfer money, change debit card limits, create virtual cards, request credit products, pay utility bills and more.

DSK Bank transforms and digitizes its business operations, maintaining and improving a technological infrastructure that complies with the highest and most modern banking protection and security standards and mechanisms.

The institution provides reliable and convenient services through modern digital channels as well as offline point of sales, offering personalized customer solutions based on specific needs and preferences.