DSK Bank

DSK Bank was established in 1951 as a state savings institution, the only deposit and credit institution in the country at that time. With the adoption of the Law on DSK Reformation dated April 15, 1998, DSK was transformed into a commercial bank. In January 1999 DSK became a state-owned stock company named DSK Bank. In October of 2003 after a successful privatization OTP Bank of Hungary became the sole owner of DSK Bank. As a result of the swift adaptation to the high standards of OTP Group and the large-scale investment program of the Hungarian owner, the Bank managed to implement a very successful transformation program, making the transit from a state-owned into an exceptionally operating and efficient private bank.