From Bulgaria Bookmark and Share

29.06.2018 15:51
Fibank enters into a strategic partnership with Erste Asset Management

  • © Fibank

Fibank (First Investment Bank) and Austrian Erste Asset Management have entered into a strategic partnership agreement, offering fund investment solutions that are new to the Bulgarian market. Erste Asset Management is an international asset management company with leading positions in the Central and Eastern European region. The company is part of the Austrian financial group Erste Group Bank AG and specialises in the management of mutual, alternative, private, and other funds.

Fibank announced, that as a partner of Erste Asset Management, it will offer its clients the opportunity to invest in the funds managed by the Austrian financial institution. Through its partnership with Fibank, Erste Asset Management now enters the Bulgarian market. Fibank will offer four investment funds that are registered in Bulgaria and managed in Austria and are denominated in euro, namely:
- ESPA Bond Euro Corporate - a bond fund that invests in corporate bonds of European companies with high credit rating;
- ESPA Portfolio Balanced 30 - a balanced fund with moderate risk;
- ESPA Stock Europe - an equity fund investing in European companies;
- ESPA Stock Global - an equity fund investing in companies around the world.

The funds are characterised by high liquidity, and investors can buy and sell units at any time. They are designed for both retail and institutional investors. For more information on the funds, please visit the websites of First Investment Bank and

Erste Asset Management will also offer selected investment funds on the Bulgarian market, which will be particularly geared towards institutional investors.

Talking about the cooperation with Fibank, Heinz Bednar, CEO of the Austrian fund house Erste Asset Management stressed that "we clearly have very similar ideas about the need for profitable and secure fund management in the region and are looking forward to working together with a well-established and reliable partner such as Fibank."

"Our experience in investment funds and portfolio solutions within Erste Group Bank AG and Fibank's positioning in the Bulgarian market make this partnership particularly special. We both are customer-oriented and innovative institutions that offer a diverse range of services for individual and corporate clients," said Mr. Bednar.

"The partnership with Erste Asset Management will allow us to offer our clients new investment opportunities so that they can more actively manage their savings and achieve better returns," Mr. Nedelcho Nedelchev, CEO of Fibank, pointed out.


TAGS: Fibank | Erste Asset Management 

All news from Bulgaria

No published comments
Login to comment


20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
Full text


No records in this category!


What kind of transport do you use to get to work?


We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.


What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.