# DSK Bank

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{{Short description|Bulgarian banking institution}}
{{Infobox company
| name = DSK Bank
| logo = LogoDSK.png
| image = DSK Bank Sofia Bulgaria.JPG
| image_caption = Main office
| founded = 1951
| location = [Sofia](/source/Sofia), [Bulgaria](/source/Bulgaria)
| key_people = Tamás Hack-Kovács (CEO)
| assets = €14,74 mln <small>(2022)<ref name="dskbank_profile">{{Cite web|url=https://thebanks.eu/banks/10751|title=DSK Bank AD (Bulgaria) - Bank Profile|website=thebanks.eu}}</ref></small>
| equity = €1,89 mln <small>(2022)<ref name="dskbank_profile"/></small>
| website = {{URL|www.dskbank.bg}}
}}[[File:Rousse-architecture5.jpg|thumb|200px|[Ruse](/source/Ruse%2C_Bulgaria) office]]
[[File:Targovishte 054.JPG|thumb|200px|[Targovishte](/source/Targovishte) office]]
'''DSK Bank''' ({{langx|bg|Банка ДСК}}, ''Banka DSK''; formerly Държавна спестовна каса, ''Darzhavna spestovna kasa'' — State Savings Bank) is the second biggest [Bulgaria](/source/Bulgaria)n [bank](/source/bank).<ref>{{Cite web |title=Bulgarian banks could face higher costs after country's greylisting |url=https://www.thebanker.com/Bulgarian-banks-could-face-higher-costs-after-country-s-greylisting-1700554569 |access-date=2024-05-25 |website=www.thebanker.com |language=en}}</ref> It was founded in 1951 as the country's [savings bank](/source/savings_bank), and transformed into a [joint-stock company](/source/joint-stock_company) in 1999.<ref>{{Cite web |date=1994-01-01 |title=Restructuring of DSK Bank |url=https://www.sparkassenstiftung.de/en/projects/worldwide-projects/detail/restructuring-of-dsk-bank-153 |access-date=2024-05-25 |website=www.sparkassenstiftung.de |language=en-US}}</ref> DSK Bank is a subsidiary of Hungarian banking group [OTP Bank](/source/OTP_Bank).

DSK Bank has been designated in 2020 as a Significant Institution under the criteria of [European Banking Supervision](/source/European_Banking_Supervision), and as a consequence is directly supervised by the [European Central Bank](/source/European_Central_Bank).<ref>{{cite web |website=European Central Bank |title=List of supervised entities |date={{date|2023/01/01}} |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf }}</ref>

==History==
The Bank was established under the name of the State Savings Bank (DSK) in 1951 by a decision of the [Council of Ministers](/source/Government_of_Bulgaria) of the then [People's Republic of Bulgaria](/source/People's_Republic_of_Bulgaria).<ref>{{Cite web |date=2023-08-14 |title=About DSK Bank |url=https://dskbank.bg/en/individual-clients/about-us/for-dsk-bank |access-date=2024-05-25 |website=dskbank.bg |language=en}}</ref><ref>{{Cite web |date=2021-03-01 |title=70 години "Банка ДСК" |url=https://banker.bg/2021/03/01/70-godini-banka-dsk/ |access-date=2026-03-03 |language=bg-BG}}</ref> It included the State Savings Bank and the [nationalised](/source/Nationalisation) 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](/source/Bulgarian_National_Bank).

==Operations== 
In April 2022, DSK Bank announced its partnership agreement with Amsterdam-based fintech software provider [Backbase](/source/Backbase).<ref>{{cite journal|date=20 April 2022|url=https://ibsintelligence.com/ibsi-news/dsk-bank-partners-with-backbase-to-accelerate-its-digital-transformation/|title= DSK Bank partners with Backbase to accelerate its digital transformation|journal=IBS Intelligence|access-date=4 May 2022}}</ref> Since 2020, Tamás Hack-Kovács is CEO of the bank.<ref>{{Cite web |last=Илиев |first=Петър |date=2020-11-11 |title=Банка ДСК ще има нов главен изпълнителен директор за първи път от 16 години насам |url=https://money.bg/management/banka-dsk-shte-ima-nov-direktor.html |access-date=2026-03-03 |website=Money.bg |language=bulgarian}}</ref><ref>{{Cite web |last= |date=2023-11-10 |title=Тамаш Хак-Ковач, ДСК: Да навигираш банков гигант |url=https://www.capital.bg/biznes/management/2023/11/10/4550004_da_navigirash_bankov_gigant/ |access-date=2026-03-03 |website=www.capital.bg |language=bg}}</ref>

==See also==
{{Portal|Banks}}
* [List of banks in the euro area](/source/List_of_banks_in_the_euro_area)
* [List of banks in Bulgaria](/source/List_of_banks_in_Bulgaria)

==References==
{{Reflist}}

==External links==
* {{Commons category-inline}}

Category:Banks of Bulgaria
Category:Banks established in 1951
Category:Bulgarian companies established in 1951
Category:People's Republic of Bulgaria
Category:Banks under direct supervision of the European Central Bank
Category:OTP Group

{{Europe-bank-stub}}
{{Bulgaria-company-stub}}

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Adapted from the Wikipedia article [DSK Bank](https://en.wikipedia.org/wiki/DSK_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/DSK_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.