Sogebank, formally known as Société Générale Haïtienne de Banque, S.A. (Haitian Banking Corporation), is one of
Haiti
Haiti, officially the Republic of Haiti, is a country on the island of Hispaniola in the Caribbean Sea, east of Cuba and Jamaica, and south of the Bahamas. It occupies the western three-eighths of the island, which it shares with the Dominican ...
's three largest
commercial banks
A commercial bank is a financial institution that accepts Deposit (finance), deposits from the public and gives loans for the purposes of consumption and investment to make a Profit (economics), profit.
It can also refer to a bank or a division o ...
. It was formed on April 26, 1986, when the
Royal Bank of Canada
Royal Bank of Canada (RBC; ) is a Canadian multinational Financial institution, financial services company and the Big Five (banks), largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than ...
sold its Haiti-based operations to a group of Haitian investors. It acquired ''Banque intercontinentale de Commerce (BIDC)'' in November 1998 and the failing ''Banque de Promotion commerciale et industrielle (Promobank)'' in September 2006. Sogebank currently has 42 branches located throughout the country in the major cities as well as several solely in
Port-au-Prince
Port-au-Prince ( ; ; , ) is the Capital city, capital and List of cities in Haiti, most populous city of Haiti. The city's population was estimated at 1,200,000 in 2022 with the metropolitan area estimated at a population of 2,618,894. The me ...
. The main Sogebank building is located in the capital on the main road of
Delmas
Delmas may refer to:
People Surname
* Antoine Guillaume Delmas (1766–1813), French revolutionary and Napoleonic general
* Benjamin Delmas (born 1976), French ice dancer
* Bert Delmas (1911–1979), American baseball player
* Calixte Delmas ( ...
. Nowadays, the Sogebank Group includes seven subsidiaries each concerning a separate branch of banking transactions and a foundation:
* Sogebank (
Commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
)
* Sogebel (
Building society
A building society is a financial institution owned by its members as a mutual organization, which offers banking institution, banking and related financial services, especially savings and mortgage loan, mortgage lending. They exist in the Unit ...
)
* Sogesol (
Microcredit
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically do not have access to traditional banking services due to a lack of collateral (finance), collateral, steady employment, and a verifiable credi ...
)
* Sogecarte (
Credit card issuer)
* SogeXpress (
Money transfer)
* Sogefac (
Consumer finance
Personal finance is the financial management that an individual or a family unit performs to budget, save, and spend monetary resources in a controlled manner, taking into account various financial risks and future life events.
When planning ...
)
* SogeAssurance (
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
)
* Fondation Sogebank (
Philanthropy
Philanthropy is a form of altruism that consists of "private initiatives for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...
)
References
*
1986 establishments in Haiti
Banks of Haiti
Companies based in Port-au-Prince
{{Haiti-company-stub