Expressbank
LEI 549300ASHQEYUZ8ARW85

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, the two institutions will continue to operate as two independent banks per owner. Until then, Societe Generale Expressbank will operate under the name and trademark Expressbank. The names of the subsidiaries are also changed as follows: Sogeliz Bulgaria is already OTP Leasing, Sozialife Bulgaria Insurance Company is Express Life Insurance, and Societe Generale Factoring - Express Factoring. The merger of the two banks will mark the creation of the largest and strongest banking institution on the Bulgarian market that will offer a full range of modern financial products and services. Upon completion of the integration process, the new banking organization will be the first in terms of number of offices, size of deposits and loan portfolio size in Bulgaria and will move closer to the top position by asset size. DSK Bank is owned by OTP Bank Hungary, the parent bank of OTP Group, the largest financial services provider in Hungary and regional market leader in Central and Southeastern Europe. OTP Group offers high-quality financial solutions to more than 18 million customers in nine countries, using its branch network of nearly 1,500 offices, a large-scale ATM network and innovative digital channels. OTP Bank has been present in Bulgaria since 2003 and its financial results over the years have confirmed its sustainable development. Traditional leader in retail banking, DSK Bank also holds leading positions in other client segments. It is distinguished as the bank with the largest number of clients and is the leader in trust among financial services users. As a modern company with a long-term strategy for development and large-scale digital transformation, the bank invests in the development of innovative offices, modern products and high-tech solutions for the needs of its customers. In 2017, DSK Bank became the first bank in Southeastern Europe to introduce artificial intelligence to customer service in its high-tech offices through a humanoid robot for consultation. The bank enjoys a high level of trust from students - it is the most desirable employer among banking institutions in the country (according to the Graduate Survey 2018, ToTheTop Agency). For its part, Expressbank has more than 20 years of history in Bulgaria and is among the seven largest financial institutions in the country. The Bank is known for its wide range of products and services (both retail and corporate), which are characterized by flexibility, high quality, innovation and favorable price conditions. Over the years, key institutions such as the Treasury in Bulgaria and Euromoney (through their leadership in forex and cash-flow management) have repeatedly distinguished the bank for its achievements. As part of OTP Group, Expressbank's goal is to offer its clients an even greater variety of premium services.