DSK Bank (, Banka DSK; formerly Държавна спестовна каса, Darzhavna spestovna kasa — State Savings Bank) is the second biggest Bulgarian bank.[2] It was founded in 1951 as the country's savings bank, and transformed into a joint-stock company in 1999.[3] DSK Bank is a subsidiary of Hungarian banking group OTP Bank.
DSK Bank has been designated in 2020 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[4]
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.[5]