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DSK Bank
DSK Bank ( bg, Банка ДСК, ''Banka DSK''; formerly Държавна спестовна каса, ''Darzhavna spestovna kasa'' — State Savings Bank) is a major Bulgarian bank. It has been owned by the Hungarian OTP Bank since 2003, being transformed into a joint-stock company in 1999, and was founded in 1951 as the country's savings bank. 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. It included the State Savings Bank and the nationalised 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 B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sofia
Sofia ( ; bg, София, Sofiya, ) is the capital and largest city of Bulgaria. It is situated in the Sofia Valley at the foot of the Vitosha mountain in the western parts of the country. The city is built west of the Iskar river, and has many mineral springs, such as the Sofia Central Mineral Baths. It has a humid continental climate. Being in the centre of the Balkans, it is midway between the Black Sea and the Adriatic Sea, and closest to the Aegean Sea. Known as Serdica in Antiquity and Sredets in the Middle Ages, Sofia has been an area of human habitation since at least 7000 BC. The recorded history of the city begins with the attestation of the conquest of Serdica by the Roman Republic in 29 BC from the Celtic tribe Serdi. During the decline of the Roman Empire, the city was raided by Huns, Visigoths, Avars and Slavs. In 809, Serdica was incorporated into the Bulgarian Empire by Khan Krum and became known as Sredets. In 1018, the Byzantines ended Bulgarian r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Republic Of Bulgaria
The People's Republic of Bulgaria (PRB; bg, Народна Република България (НРБ), ''Narodna Republika Balgariya, NRB'') was the official name of Bulgaria, when it was a socialist republic from 1946 to 1990, ruled by the Bulgarian Communist Party (BCP) together with its coalition partner, the Bulgarian Agrarian People's Union. Bulgaria was closely allied with the Soviet Union during the Cold War, being part of Comecon as well as a member of the Warsaw Pact. The Bulgarian resistance movement during World War II deposed the Kingdom of Bulgaria administration in the Bulgarian coup d'état of 1944 which ended the country's alliance with the Axis powers and led to the People's Republic in 1946. The BCP modelled its policies after those of the Soviet Union, transforming the country over the course of a decade from an agrarian peasant society into an industrialized socialist society. In the mid-1950s and after the death of Stalin, the party's hardliners ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1951
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Bulgaria
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Bulgaria
Typically for Eastern European countries, Bulgarian banking sector is characterized by relatively small size, small number of banks with wide business focus, high degree of concentration and high share of foreign capital. The most commonly used ratio to measure the size of a banking sector, namely the ratio of consolidated banking assets to gross domestic product, for Bulgaria shows that its banking sector is roughly the same size as its national economy (the ratio is 107.09%). Most of the banks operating in Bulgaria are universal banks providing products and services in retail and corporate banking. Although there are no pure direct banks in Bulgaria, several banks offer their products via the Internet. Bulgaria is also part of the Single Euro Payments Area ( SEPA). The following is a list of banks in Bulgaria. Central bank * Bulgarian National Bank Development banks * Bulgarian Development Bank Commercial banks Аll amounts are in BGN thousand. References * {{List ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Backbase
Backbase is a Dutch banking technology financial technology company that provides engagement banking for financial institutions globally from large banks to credit unions and community banks. Backbase provides solutions for retail banking, business banking and wealth management. History Backbase was founded in 2003 in Amsterdam by Jouk Pleiter and Gerbert Kaandorp. The company originally produced a AJAX framework, based on HTML, JavaScript and CSS. This eventually took the form of the Backbase Customer Experience Portal Backbase originally sold to a wide range of internet-facing businesses, including financial services, but in 2013, Pleiter pivoted the company to focus solely on financial services. In 2017, Pleiter's work at Backbase was recognized with the LOEY Award, the prize for the best online entrepreneur in the Netherlands. The business expanded globally in the following years, with offices in several countries. Backbase employs around 2000 staff globally. In 2021, Ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian National Bank
The Bulgarian National Bank ( bg, Българска народна банка, Bohlgarska narodna banka, ), or BNB, is the central bank of the Republic of Bulgaria. Headquartered in Sofia, the bank was established in 1879. It is the 13th oldest central bank in the world. An independent institution responsible for issuing all banknotes and coins in the country, BNB oversees and regulates the banking sector and is tasked with safekeeping the government's currency reserves. It is also the sole owner of the Bulgarian Mint. The bank has a key role in the Bulgarian economy. Since 1 October 2007, it has been a member of the European System of Central Banks. The governor of the BNB is a member of the General Assembly of the European Central Bank. Headquarters The Bulgarian National Bank's headquarters in Sofia are located on the central Battenberg Square. The current edifice was commissioned to renowned architects Ivan Vasilyov and Dimitar Tsolov and built between 1934 and 1939 in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalisation
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Bulgaria
The Council of Ministers ( bg, Министерски съвет, ''Ministerski savet'') is the main authority of the executive power in the Republic of Bulgaria. It consists of the Prime Minister of Bulgaria and all the specialized ministers. Overview After the compositions of the Council of Ministers is decided by the newly elected government, the deputies who are chosen to become ministers temporarily lose their deputy rights while being ministers. These rights are restored in case they are released from the Council of Ministers or the government falls from power. This is in contrast to how deputy ministers and other government officials are treated when they are elected as deputies. Sometimes, with the purpose of preserving the political representation of different parties or groups in the Council of Ministers, one or more ministers without portfolio (lacking a ministry of own) may be appointed. The Council of Ministers office is in central Sofia and is part of the La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgaria
Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. Bulgaria covers a territory of , and is the sixteenth-largest country in Europe. Sofia is the nation's capital and largest city; other major cities are Plovdiv, Varna and Burgas. One of the earliest societies in the lands of modern-day Bulgaria was the Neolithic Karanovo culture, which dates back to 6,500 BC. In the 6th to 3rd century BC the region was a battleground for ancient Thracians, Persians, Celts and Macedonians; stability came when the Roman Empire conquered the region in AD 45. After the Roman state splintered, tribal invasions in the region resumed. Around the 6th century, these territories were settled by the early Slavs. The Bulgars, led ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits. They originated in Europe during the 18th century with the aim of providing access to savings products to all levels in the population. Often associated with social good, these early banks were often designed to encourage low-income people to save money and have access to banking services. They were set up by governments or by socially committed groups or organisations such as with credit unions. The structure and legislation took many different forms in different countries over the 20th century. Savings banks and savings-and-loans are often confused. The original function of savings banks to service consumers was limited to savings. Savings banks invested in government and corporate debt. Savings and loan associations had a dual purpose which gave more importance to home loans. Towards the end of the 20th century their functions blurred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
