Groupe Sogebank

What Groupe Sogebank does

Groupe Sogebank is a privately held Haitian financial services group founded in 1986 through the acquisition of Royal Bank of Canada's Haiti operations, operating today as the second-largest commercial bank in Haiti. The group serves 582,961 active clients through eight wholly-owned subsidiaries spanning commercial banking (Sogebank, Sogebel), credit cards (Sogecarte), microfinance (Sogesol), agent banking (Sogexpress), insurance (Soge Assurance), social foundation work (Fondation Sogebank), and senior living (Les Pavillons de l'Age d'Or). Its core technology stack centers on the Sogebanking online platform with 42 functions, the Sogebank mobile application for iOS and Android, the SogePay merchant payment gateway, and a blockchain-based Transfer Direct sur Compte remittance service built on Ripple technology.

The business operates a multi-channel distribution model combining physical branches across at least 14 Haitian cities, drive-through banking (Guichet Chauffeurs), an ATM network, the Sogexpress agent network, and digital channels. Revenue derives from net interest on a loan book of HTG 30,948 million, transaction and account fees across the retail and corporate segments, FX margin (displayed USD/HTG rates imply ~2% spread), credit card interchange, insurance premiums, and remittance fees from partnerships with Western Union, MoneyGram, Remitee, VitaWallet, and Ripple-integrated direct transfers. Go-to-market is direct-to-consumer and direct-to-business through the branch and digital channels, with stated pricing published in the March 2026 tariff schedule.

As of September 30, 2025 the group reported HTG 186,994 million in total assets, HTG 30,948 million in loans injected into the national economy, 1,128 employees (43% women), and 141,145 digital platform users. Strategic positioning emphasizes digital-first innovation (Haiti's first credit card in 1989, first debit card and ATM in 1996, first online banking in 2002, first mobile banking app in 2014, SogePay in 2020, first international Visa debit card in February 2024) and ecosystem partnerships with global payments networks and the local tech startup ecosystem.

Name

Groupe Sogebank

Legal name

SOGEBANK (Société Générale Haïtienne de Banque, S.A.)

Website

https://sogebank.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Groupe Sogebank is Haiti's second-largest private commercial bank, serving 582,961 retail and corporate clients through an integrated group spanning commercial banking, microfinance, credit cards, insurance, and agent banking, distributed via branches across 14 cities plus digital and Ripple-powered remittance channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Commercial banking services
• Retail banking Haiti
• Digital banking platform
• International remittance services
• SME financing

Headquarters

HQ city

Port-au-prince

HQ country

Haiti

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Banking Services: Core banking services including account management, deposits, and savings products for retail and corporate customers
2. Loan Products: Credit facilities including consumer loans, business loans, SME financing, mortgage loans, and credit cards generating interest income
3. Transaction Fees: Fees from banking transactions including transfers, ATM withdrawals, account services, and payroll processing
4. Digital Banking Services: Revenue from online and mobile banking platforms, payment processing through SogePay, and digital transaction services
5. International Transfer Services: Fees from international money transfer services through Western Union, MoneyGram, Remitee, and direct account transfers

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels4 records

Core offering

Groupe Sogebank is Haiti's second-largest commercial bank, operating a diversified financial services group that provides retail and corporate banking products (accounts, loans, credit cards, mortgages), digital banking (Sogebanking platform and mobile app), international remittance services (via Western Union, MoneyGram, Ripple, Remitee), payment processing through SogePay, microfinance via Sogesol, insurance through Soge Assurance, and agent banking via Sogexpress across an extensive branch and ATM network in Haiti.

Product overview

Groupe Sogebank operates as a diversified financial services group comprising Sogebank (commercial banking), Sogebel (digital banking), Sogecarte (credit cards), Sogesol (microfinance), Sogexpress (agent banking), and Soge Assurance (insurance). The group's digital banking ecosystem centers on Sogebanking (online platform with 42+ features) and the Sogebank Mobile Application, complemented by SogePay (payment gateway). Key products include the pioneering International Visa Debit Card (first in Haiti), Transfer Direct sur Compte (Ripple-powered international remittance service), and comprehensive credit card offerings. Business services encompass Payroll Sogebank, SME lending, and merchant acquiring. The group also operates Sogexpress (agent banking network) and Sogesol (microfinance) to extend financial inclusion across Haiti.

Differentiator

Problem solved

Functional benefit

Brands

• SogePay: Online payment gateway platform enabling merchants to accept electronic card payments and clients to pay bills and make purchases online.
• Sogebanking
• Sogebel Online
• Sogexpress
• Sogesol
• Soge Assurance
• SogeIzi / Sogecash
• Pavillons de l'Age d'Or
• Akademi Partnership

Products and services

• Sogebanking Online Banking Platform Comprehensive online banking platform for retail and corporate customers providing 24/7 access to accounts, transfers, bill payments, international transfers (SWIFT), Western Union, MonCash integration, and corporate payroll modules.
• Sogebank Mobile Application Mobile banking application available on Android and iOS that enables customers to perform banking transactions securely 24/7 from smartphones and tablets with full Sogebanking functionality integration.
• Transfer Direct sur Compte International money transfer service powered by RippleNet blockchain technology enabling the Haitian diaspora to send funds directly to USD accounts in Haiti, with settlement in under 30 minutes for Sogebank account holders.
• International Visa Debit Card Haiti's first international Visa debit card enabling dual-currency transactions (gourde for domestic, USD for international), global acceptance, contactless payments, Visa Secure authentication, and 1% cashback on domestic purchases.
• SogePay Payment Gateway Online payment gateway platform enabling merchants to accept electronic card payments (debit and credit cards) and customers to pay bills and make secure online purchases.
• Sogebel Digital Banking Digital banking platform for Sogebel subsidiary customers, offering online banking services with dedicated features and account management capabilities.
• Sogecarte Credit Card Services Credit card services including local and international credit cards (Classic, Advantage Gold, AAdvantage Black) with various benefits and spending limits.
• Sogesol Microfinance Microfinance subsidiary offering credit services to individuals and small businesses, with branch locations throughout Haiti.
• Sogexpress Agent Banking Agent banking network providing financial services through a widespread network of agents, extending banking accessibility to underserved areas across Haiti.
• Soge Assurance Insurance Insurance products including life insurance (Soge Vie), auto insurance (Soge Auto), property insurance (Soge Immo), and retirement planning (Soge Retraite).
• Payroll Sogebank Corporate payroll management service enabling businesses to process employee salary payments online through Sogebanking, with options for gourde or USD-denominated payroll.
• Credit aux PME (SME Lending) Small and medium enterprise lending program with credit facilities categorized as express credit, small business credit, and medium business credit, with competitive declining interest rates.
• Guichet Chauffeurs (Drive-through Banking) Drive-through banking service allowing customers to conduct transactions from their vehicles at multiple locations, with reduced wait times and enhanced convenience.
• ATM Network Services Automated teller machine network offering 24/7 cash withdrawals, balance inquiries, account transfers, Sogecarte payments, and PIN changes across metropolitan and provincial locations.
• Coffrets de Sûreté (Safe Deposit Boxes) Safe deposit box rental service providing secure storage for valuable items and documents, protected against theft, fire, water, and earthquakes.
• Dépôt à Terme (DAT) Term deposit investment product available in gourdes and USD with durations of 90, 180, and 365 days, offering competitive market rates with automatic renewal options.
• Compte Overnight Interest-bearing overnight account for institutional clients to earn returns on excess cash balances, with daily interest payments and full fund availability.
• Bank Accounts (Comptes Bancaires) Current accounts (Compte Courant) and savings accounts (Compte Epargne) offered by Sogebank and Sogebel for both individuals (Particuliers) and businesses (Entreprises).
• Personal and Business Loans (Prêts) Credit facilities for individuals and businesses including consumer loans (Crédit Particuliers), vehicle financing (Financement Véhicule), green credit (Crédit Vert), real estate loans (Prêt Immobilier Sogebel), and mortgage products.

Quantifiable outcome

• 582,961 active clients served as of September 2025
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability1 record

Feature5 records

Partnerships

Ten partnerships are on record, tiered minor, strategic and core.

• Gessica Généus / Marie Madeleine FilmminorOthers · 29 April 2026Fondation Sogebank sponsoring the film 'Marie Madeleine' by Haitian filmmaker Gessica Généus, selected for Cannes 2026, supporting cultural arts and Haitian cinema.
• BanjstrategicStrategic or Co-development Partner · 7 August 2025Innovation and entrepreneurship ecosystem partnership supporting startup ecosystem development in Haiti. Banj is recognized by IDB as a case study for entrepreneurship impact.
• AkademistrategicStrategic or Co-development Partner · 25 March 2025Official recruitment partner for bootcamp programs in Data Science & AI, Software Engineering, and Cybersecurity. Sogebank offers career opportunities to graduates, supporting STEM talent development in Haiti.
• VisacoreTechnology or Integration · 20 February 2024Strategic partnership for the launch of Haiti's first international Visa debit card, enabling global acceptance and dual-currency functionality (Gourde for local/Dollar for international transactions) with contactless payment technology.
• RipplecoreTechnology or Integration · 24 August 2021Technology partnership for Transfer Direct sur Compte service, enabling blockchain-based international money transfers with settlement in under 30 minutes for Sogebank account holders.
• RemiteecoreChannel Partner/ Reseller/ Distributor · 24 August 2021Transfer partner for diaspora remittances from Argentina and Chile, integrated with Ripple platform for direct account crediting.
• MonCash (Digicel)coreTechnology or Integration · 12 June 2020Mobile money partnership enabling Sogebanking users to transfer funds to MonCash accounts, pay bills, and perform mobile financial transactions, promoting financial inclusion.
• Western UnioncoreChannel Partner/ Reseller/ DistributorGlobal money transfer partner enabling international remittances to Haiti with direct account crediting capability.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorInternational money transfer partner for diaspora remittance services to Haiti.
• VitaWalletminorChannel Partner/ Reseller/ DistributorTransfer partner for remittances from Chile integrated with Sogebank's Transfer Direct sur Compte service.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Unibank Haiti: One of the largest commercial banks in Haiti and Sogebank's primary domestic competitor, offering similar retail and corporate banking, debit/credit cards, and digital banking services to the same Haitian customer base.
• Banque Nationale de Crédit (BNC): Major Haitian commercial bank providing deposits, lending, and payment services across Haiti; competes head-to-head with Groupe Sogebank for retail, SME, and corporate banking share.
• Banque de l'Union Haïtienne (BUH): Haitian universal bank offering commercial and retail banking services including deposits, loans, and international transfers; directly comparable in scope and geography to Sogebank.

Broad incumbents

• Scotiabank Haiti: Subsidiary of Scotiabank, one of Canada's largest banks, operating in Haiti with full-service commercial and retail banking; an internationally-backed incumbent competing with Sogebank for premium and corporate clients.
• CIBC Caribbean: Caribbean banking subsidiary of CIBC offering commercial, retail, and wealth services across multiple Caribbean markets; relevant regional benchmark for Sogebank's diversified banking model.

Regional players

• Banco Popular Dominicano: Dominican Republic's largest commercial bank with broad retail, SME, and digital banking operations; relevant regional comparable for Caribbean banking scale and digital adoption.
• BanReservas: Dominican Republic state-owned commercial bank with extensive branch network, SME lending, and remittance focus; comparable as a state-affiliated Caribbean universal bank serving a high-diaspora economy.
• National Commercial Bank (Jamaica): Jamaica's largest commercial bank offering retail, corporate, and digital banking across the Caribbean; useful regional comparable for branch-and-digital hybrid strategy.

Emerging players

• JMMB Group: Jamaican-headquartered financial services group spanning banking, remittances, and investments across the Caribbean; relevant as a digitally-led Caribbean challenger with strong remittance focus.

Others

• Digicel MonCash: Haiti's leading mobile money wallet operated by Digicel; both a partner and potential disruptor to Sogebank, providing unbanked digital financial services across the same Haitian population.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/sogebankht
• YouTubeyoutube.com/user/Sogebank
• Facebookfacebook.com/Sogebank-319436878150461
• LinkedInlinkedin.com/company/groupe-sogebank
• Instagraminstagram.com/sogebankHT

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Groupe Sogebank