Expressbank AD (formerly Societe General Expressbank) has been operating in Bulgaria for more than 20 years, providing a broad range of retail and corporate banking products and services. On January 15, 2019, DSK Bank EAD, the Bulgarian subsidiary of OTP Bank, finalized the acquisition of Societe Generale Expressbank AD and its subsidiaries in Bulgaria. Until the completion of the integration process, which is planned to continue until 2020, DSK Bank EAD and Expressbank AD will continue to operate as two independent banks. As part of OTP Group, Expressbank's goal is to offer its clients an even greater variety of premium services.
Expressbank AD is the 7th largest bank in Bulgaria in terms of total assets. In 2018 its total assets were 6 429,31 mln BGN, providing the bank with the market share of 6.09%. In 2018 the bank's net income was 109,91 mln BGN.
Expressbank AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality).
Expressbank AD participates in the deposit guarantee scheme of Bulgaria. This deposit guarantee scheme applies to all funds on a bank account made by natural persons (Bulgarian and foreign), legal entities (Bulgarian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Expressbank AD is a member of Bulgarian Deposit Insurance Fund (BDIF) and makes its contributions into it.
Expressbank AD is a member of OTP Bank (Hungary).
Expressbank AD is headquartered in Varna.
Expressbank AD is authorized and supervised by the Bulgarian National Bank.