First Financial Brokerage House (FFBH) is a leading non-banking financial institution on the Bulgarian capital market. Founded in 1991, FFBH is the first brokerage house in Bulgaria and has more than 24 years of experience offering the complete spectrum of investment banking services spanning brokerage services, corporate finance, mergers and acquisitions, privatisation advisory, financial consulting, research & analysis and asset management.

Brokerage services

Through the years FFBH team have been demonstrating its professionalism, employing global best practices tailored to local clients’ needs. As a result it is preferred local advisor and partner to the large majority of the leading foreign and local institutional investors in the Bulgarian equity market and traditionally FFBH is among the top 3 non-banking brokers by turnover on the Bulgarian Stock Exchange. First Financial Brokerage House offers its individual clients easy access to international financial markets in partnership with the leading global online broker Interactive Brokers.

Research & Analysis

As a major advantage, our customers are able to benefit from the broad range of Analysis & Research products with premium quality, provided by our team of dedicated analysts. Clients of our research products are most of the largest foreign and local institutional investors looking for opportunities in Bulgaria. More than 100 investment banks, investment funds and other institutional investors use our equity research, economic reviews and sector analysis on a regular basis.

Investment banking

FFBH specialises in strategic and financial advice together with capital raising solutions for private and listed companies. FFBH has always been the pioneer of Bulgarian non-banking financial sector. It has realised the first corporate bond in Bulgaria since 1940, and after that the first mortgage-backed bond and Eurobond issues. FFBH was co-advisor and placement broker of the first IPO in Bulgaria as well as of the first cross-listing of a Bulgarian company on the main market of another European stock exchange. Over the years, FFBH raised for its clients over EUR 700m through various procedures.

FFBH team strives to grow strong partnerships and works with its clients in all stages of their business development. This philosophy gives us the ability to help structure and execute the widest range of corporate finance solutions, tailored with the particular clients’ needs.

Asset management

FFBH Asset Management offers cutting edge asset management services to local and foreign corporations and high-net worth individual clients. FFBH Asset Management manages four long-only, open-ended mutual funds - FFBH Vostok, FIB Avangard, FIB Classic and FIB Garant, as well as one National Investment Fund “Nadezhda”.