May 4 (SeeNews) - Bulgaria's DSK Bank, part of Hungarian banking group OTP, said on Monday that it has absorbed its subsidiary Expressbank, which it acquired last year from France's Societe Generale Group.
DSK Bank now holds the largest loan and deposit portfolio in the country and the second-largest asset value, it said in a statement.
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The bank is now servicing 2.5 million clients, offering the largest number of branches and ATMs.
In order to compensate minority shareholders in Expressbank, DSK Bank has increased its capital by 1,177,920 levs ($677,000/602,000 euro), through the issuance of 117,792 new shares on April 30, according to commercial register data.
(1 euro = 1.95583 levs)
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