Expressbank AD

 (4.0; 37 ratings)
4.0 37

Business Focus

universal banking

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.

Ways to Bank

Expressbank AD delivered its products and services through both direct and indirect channels, namely:
online banking
mobile app


Total Assets of Expressbank AD
Net_income of Expressbank AD
Market Share of Expressbank AD
Total Assets (2019)
6,343.31 mln BGN  (-1.34%)
Net Income (2019)
105.74 mln BGN  (-3.79%)

Expressbank AD was the 7th largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 6 343,31 mln BGN, providing the bank with the market share of 5.55%. In 2019 the bank's net income was 105,74 mln BGN.

Credit Ratings

Fitch: A-
AA+, AA, AA-
A+, A, A-
BB+, BB, BB-
B+, B, B-
Moodys: -
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Expressbank AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality).

Deposit Guarantee

Guarantee Fund
Bulgarian Deposit Insurance Fund (BDIF)Bulgarian Deposit Insurance Fund (BDIF)
Protected Amount
up to 100,000 EUR
Eligible Depositors
natural persons (Bulgarian and foreign)
legal entities (Bulgarian and foreign)
Covered Accounts
all funds on a bank account

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.

Member of Group

 OTP Bank (Hungary)

Expressbank AD is a member of OTP Bank (Hungary).


92, Vladislav Varnenchik Blvd., 9000, Varna, Bulgaria

Expressbank AD was headquartered in Varna.

Social Networks

Expressbank AD has profiles at the following social networks:

Bank Identifiers


Bank Supervision

Supervised By
Bulgarian National Bank

Expressbank AD was authorized and supervised by the Bulgarian National Bank.

Bank History

Close Date
May 2020
Previous Name
Societe General Expressbank

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Bulgarian Development Bank AD Logo Bulgarian Development Bank AD
retail banking for SMEs
Allianz Bank Bulgaria AD Logo Allianz Bank Bulgaria AD
universal banking

Banking Products in Bulgaria

See Also

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16 March 2020