First Financial Brokerage House
- Company typePrivate
- Founded2004
- HeadquartersSofia, Bulgaria
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
First Financial Brokerage House firmographics
Firmographics- Name
- First Financial Brokerage House
- Legal name
- First Financial Brokerage House Ltd
- Website
- https://ffbh.bg
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
First Financial Brokerage House industry classification
Industry- Product category
- Securities Brokerage
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Equity Prime Brokerage (Custody, Financing & Services) (FSACAFAB)
- akta.pro secondary industry
- Follow-on Offerings (FPOs) (FSACAAAB)
Keywords
Where First Financial Brokerage House is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Offices1 record
Markets served
First Financial Brokerage House business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Brokerage Commissions: Commission-based earnings from securities trading on Bulgarian and international capital markets. Trading on Bulgarian Stock Exchange, foreign markets via Interactive Brokers and Bloomberg.
- Asset Management Fees: Management fees from four UCITs-compliant mutual funds (FFBH Vostok, FIB Avangard, FIB Classic, FIB Garant) and one closed-end investment company (IC Nadejda AD). Entry and exit fees also apply.
- REPO Transaction Interest: Interest income from short-term financing provided against pledged securities. Annual interest rates range between 10% and 15%, depending on collateral type, repo period, and client profile.
- Corporate Finance Advisory: Advisory fees from M&A transactions, IPOs, equity and debt capital markets services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | FIB Garant - Low risk balanced-conservative fund |
| Unit Pricing | Pay-as-you-go | FIB Classic - Moderate risk balanced fund |
| Unit Pricing | Pay-as-you-go | FIB Avangard - Medium-high risk equity fund |
| Unit Pricing | Pay-as-you-go | FFBH Vostok - Medium-high risk equity fund (Russian markets) |
| Usage-based | Pay-as-you-go | REPO Transactions |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels4 records
First Financial Brokerage House product offering
Product offeringCore offering
First Financial Brokerage House (FFBH) is a Bulgarian investment intermediary providing full-service brokerage on the Bulgarian Stock Exchange and international markets, corporate finance advisory including M&A and IPOs, asset management through four UCITS-compliant mutual funds and one closed-end investment company, and REPO short-term financing services against pledged securities. The company operates proprietary electronic trading platforms (COBOS, CWTP) and distributes mutual fund products through First Investment Bank's branch network.
Differentiator
Problem solved
Functional benefit
Brands
- FFBH Vostok: Equity mutual fund focused on Russian equities
- FIB Avangard
- FIB Classic
- FIB Garant
- IC Nadejda AD
- CWTP
Products and services
- Brokerage Services
Quantifiable outcome
- 23% market share on Bulgarian Stock Exchange regulated market in 2018
- +2 more outcomes
Companies that use First Financial Brokerage House
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles4 records
First Financial Brokerage House technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature2 records
First Financial Brokerage House partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- First Investment Bank (Fibank)coreFibank serves as the primary distribution channel for FFBH Asset Management's mutual fund products. The extensive FIBank branch network across Bulgaria (head office, Sofia branches, and branches in all major cities nationwide) enables widespread retail distribution of FFBH's four mutual funds. This is a strategic channel partnership essential for asset management distribution.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
First Financial Brokerage House competitors and assessment
Company assessmentDirect peers
- Bulbrokers: Bulgarian investment intermediary operating on BSE with brokerage, asset management, and corporate finance offerings. Comparable as a directly competing Bulgarian broker targeting the same institutional investor base and competing for similar BSE turnover share.
- OBB Asset Management: Bulgarian asset management company managing UCITS mutual funds and discretionary portfolios. Directly comparable to FFBH Asset Management in product mix, regulatory regime, and distribution channels in the Bulgarian asset management market.
- Benchmark (Bulgarian broker): Active Bulgarian brokerage and investment intermediary on the Bulgarian Stock Exchange providing trading and corporate finance services. Directly comparable peer competing for BSE turnover share and Bulgarian institutional clients.
- Elana Trading: One of the leading Bulgarian brokerages active on the Bulgarian Stock Exchange, offering retail and institutional brokerage, asset management, and corporate finance services. Directly comparable to FFBH as a top-tier local intermediary competing for the same Bulgarian institutional and retail flow.
Broad incumbents
- Saxo Bank: European-headquartered multi-asset brokerage and asset manager with multi-channel distribution. Comparable as a broader incumbent offering the integrated brokerage + asset management model that FFBH delivers, but at much larger international scale.
- Interactive Brokers: Global multi-asset electronic broker operating as FFBH's partner for international market access. Comparable as a broader incumbent in the brokerage category — though far larger and global — and is referenced in FFBH's institutional offering for foreign-market execution.
- UBB (United Bulgarian Bank) Brokerage: Bulgarian universal bank with in-house brokerage operations trading on BSE. Comparable as a bank-affiliated Bulgarian intermediary combining banking distribution with securities trading, representing a similar distribution-led model to FFBH's FIBank partnership.
- KBC Asset Management Bulgaria: Bulgarian branch of the KBC Group's asset management arm, managing mutual funds for Bulgarian retail and institutional investors. Comparable as a foreign-affiliated asset manager competing directly with FFBH Asset Management for Bulgarian UCITS mandates.
- Eurobank Bulgaria: Universal bank in Bulgaria with securities and brokerage capabilities. Comparable as a broader incumbent in Bulgarian financial services offering competing brokerage and capital-markets access, with similar institutional client overlap.
Regional players
- Raiffeisen Centrobank (Bulgaria operations): Austrian/Central-European bank-affiliated brokerage and capital-markets franchise with regional presence. Comparable as a regional bank-affiliated intermediary providing brokerage and ECM services across Central and Eastern Europe, overlapping with FFBH's institutional and corporate finance positioning in Bulgaria.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
First Financial Brokerage House financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Financial Brokerage House leadership team
Management profileNumber of profiles
Profiles13 records
First Financial Brokerage House subsidiaries and ownership
Company hierarchySubsidiaries1 record
First Financial Brokerage House funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Financial Brokerage House M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Financial Brokerage House
What does First Financial Brokerage House do?
First Financial Brokerage House (FFBH) is a Bulgarian investment intermediary providing full-service brokerage on the Bulgarian Stock Exchange and international markets, corporate finance advisory including M&A and IPOs, asset management through four UCITS-compliant mutual funds and one closed-end investment company, and REPO short-term financing services against pledged securities. The company operates proprietary electronic trading platforms (COBOS, CWTP) and distributes mutual fund products through First Investment Bank's branch network.
Is First Financial Brokerage House a public or private company?
First Financial Brokerage House is a private company. It is classified as unknown and is currently operating.
When was First Financial Brokerage House founded?
First Financial Brokerage House was founded in 2004. It employs 11 to 50 people.
Where is First Financial Brokerage House based?
First Financial Brokerage House is headquartered in Sofia, Bulgaria, in the Europe region.
How does First Financial Brokerage House make money?
Four revenue lines are on record. Brokerage Commissions are the primary driver. The others are asset Management Fees, REPO Transaction Interest and corporate Finance Advisory.
Who are First Financial Brokerage House's main competitors?
Direct peers on record are Bulbrokers, OBB Asset Management, Benchmark (Bulgarian broker) and Elana Trading. Broad incumbents are Saxo Bank, Interactive Brokers, UBB (United Bulgarian Bank) Brokerage, KBC Asset Management Bulgaria and Eurobank Bulgaria. Raiffeisen Centrobank (Bulgaria operations) is listed as a regional player.
Does First Financial Brokerage House have an API?
No public API is recorded for First Financial Brokerage House.
What industry is First Financial Brokerage House in?
First Financial Brokerage House's product category is Securities Brokerage. Its primary akta.pro industry code is FSACAFAB, Equity Prime Brokerage (Custody, Financing & Services), with a secondary code of FSACAAAB, Follow-on Offerings (FPOs). Its NAICS code is 523 and its SIC code is 6211.