Banque de l'Union Haïtienne

What Banque de l'Union Haïtienne does

Banque de l'Union Haïtienne (BUH) is Haiti's first private commercial bank, operating since 1973 under a Société Anonyme structure with headquarters in Pétion-Ville, Port-au-Prince. The bank serves retail individuals, SMEs, and corporate clients through a nationwide network of 22+ branches spanning the West, North, North-East, North-West, South, and Artibonite departments. Its core offering spans deposit products (savings, checking/savings, certificates of deposit, overnight accounts, business checking), a full MasterCard portfolio (Classic, Gold, Platinum, Corporate, and Prepaid Gourde and Dollar cards), lending products (retail loans up to 36 months, vehicle loans up to 48 months, SME/commercial credit lines, term loans up to 84 months, letters of guarantee), and partnership-distributed insurance through Alternative Insurance Company (AIC) and money transfer services through MoneyGram.

The bank's primary technology asset is BUH Connect, an online and mobile banking platform developed by European vendor NETinfo Plc, providing 24/7 account access, SWIFT international transfers, SPIH domestic interbank transfers, credit card management, supplier payments, and payroll processing. Operational infrastructure includes a Customer Service Center, dedicated MasterCard service points, and a compliance department established post-2013 covering AML/CTF and banking compliance under Banque de la République d'Haïti (BRH) supervision. Revenue mechanics are diversified across interest income from the lending book, recurring credit card annual fees (HTG 7,425–12,375 across tiers), transaction and account fees (wire transfers, safety deposit boxes, cash transportation), insurance referral commissions via AIC, and MoneyGram transfer commissions.

Name

Banque de l'Union Haïtienne

Legal name

Banque de l'Union Haïtienne S.A.

Website

https://buh.ht

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Banque de l'Union Haïtienne (BUH) is Haiti's first private commercial bank, founded 1973, operating 22+ branches nationwide. It serves retail individuals, SMEs, and corporates with deposits, MasterCard credit cards, loans, insurance, and money transfer services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro industry

PRIMARYFSABABAC

SME Deposits & Business Accounts (Operating, Savings, CDs)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

SECONDARYFSABAAAA

Mass-Market Consumer Deposit Banking (Checking/Savings)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

Keywords

• Retail banking services
• Commercial banking products
• MasterCard credit cards
• Consumer and vehicle loans
• International money transfers

Headquarters

HQ city

Port-au-prince

HQ country

Haiti

Offices26 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including consumer loans, SME loans, commercial credit, vehicle financing, and mortgage lending.
2. Credit Card Fees and Commissions: Annual fees from MasterCard credit cards (Classic, Gold, Platinum, Corporate, Prepaid), transaction fees, and interchange revenue from card usage.
3. Account and Transaction Fees: Monthly fees, minimum balance requirements, wire transfer fees (SWIFT), SPIH transfer fees, payroll service fees, safety deposit box rental, cash transportation services, and other banking service charges.
4. Insurance Products: Commission revenue from insurance products offered through partnership with Alternative Insurance Company (AIC), including vehicle, life, health, business, and home insurance.
5. Money Transfer Services: Revenue from MoneyGram international money transfer services including transfer fees and currency exchange.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Banque de l'Union Haïtienne (BUH) is Haiti's first private commercial bank offering retail and business banking services through 22+ physical branches and the BUH Connect online banking platform. Its core offerings include personal and business deposit accounts, MasterCard credit and prepaid cards (Classic, Gold, Platinum, Corporate, Prepaid Gourdes, Prepaid Dollars), retail and commercial loans, SWIFT and SPIH transfer services, payroll processing, insurance products via AIC partnership, and MoneyGram money transfers.

Product overview

Banque de l'Union Haitienne (BUH) operates as Haiti’s first private commercial bank, offering a comprehensive banking platform through physical branches and its online banking platform BUH Connect. The core product portfolio includes multiple MasterCard credit and prepaid card tiers (Classic, Gold, Platinum, Corporate, Prepaid Gourdes, Prepaid Dollars), personal and business deposit accounts (savings, checking, certificates of deposit, overnight accounts), retail and commercial lending products (vehicle loans, retail loans, SME credit lines, term loans, letters of guarantee), and insurance products through Alternative Insurance Company (AIC) partnership. Additional services include SWIFT international transfers, SPIH domestic transfers, payroll services, cash transportation, safety deposit boxes, and MoneyGram money transfers. The bank serves retail customers and businesses through a nationwide branch network across Haiti.

Differentiator

Problem solved

Functional benefit

Brands

• BUH Connect: Online banking platform offering 24/7 internet banking services including account transfers, credit card management, payroll services, SWIFT transfers, and budget management tools.
• BUH MasterCard
• Plan Epargne Logement (PEL)

Products and services

• Classic MasterCard

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• NETinfo PlccoreTechnology or Integration · 9 September 2016BUH Connect online banking platform developed by NETinfo Plc, a European technology company specializing in multi-channel development and mobile financial services solutions. NETinfo has implemented solutions in 32 banks across 24 countries on 4 continents over 16 years. Platform provides 24/7 online banking including account management, transfers, and credit services.
• Alternative Insurance Company (AIC)coreChannel Partner/ Reseller/ Distributor · 1 January 2015BUH offers insurance products through partnership with Alternative Insurance Company (AIC), including vehicle insurance, life insurance (Excess Life, Universal Life), health insurance (Medicarte), funeral insurance (Protecta), business multi-risk, construction equipment insurance, and home insurance (Multi-Risk Household). Service points available at select BUH branches.
• MoneyGram International, Inc.coreTechnology or Integration · 1 January 2015BUH MoneyGram offers quick and efficient method to transfer or receive funds throughout MoneyGram's global network. Any individual can transfer funds into or out of Haiti through BUH MoneyGram service.
• MasterCardcoreTechnology or Integration · 1 January 1997BUH MasterCard was the first bank in Haiti to offer MasterCard products starting in 1997. BUH offers a complete suite of MasterCard credit cards including Classic, Gold, Platinum, Corporate, and Prepaid variants in both Gourde and Dollar denominations, accepted at over 16 million locations worldwide.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• Scotiabank Haiti: Scotiabank operates commercial banking branches in Haiti under a global banking platform with strong product breadth and international capabilities. Comparable to BUH as a commercial bank serving Haitian retail and corporate customers, but anchored by a global parent providing broader capabilities.
• Citibank Haiti: Citibank Haiti offers commercial and corporate banking services in the Haitian market as part of the global Citi network. Comparable to BUH on commercial banking activities, but skewed toward corporate/institutional clients rather than mass-market retail.

Direct peers

• Capital Bank S.A. (Haiti): Capital Bank is a private Haitian bank offering retail checking/savings accounts, debit cards, loans, and digital banking to individuals and businesses. Directly comparable peer serving the same Haitian retail and SME segments as BUH with a similar product suite.
• Banque Nationale de Crédit (BNC): The state-owned Banque Nationale de Crédit is one of Haiti's largest commercial banks offering deposit, lending, and card products across a national branch network. Comparable to BUH across core commercial banking activities with the main differentiator being state ownership versus BUH's private structure.
• Unibank S.A. Unibank is one of the largest private commercial banks in Haiti offering retail deposits, credit, and digital banking across a multi-branch network. Directly comparable to BUH as a fellow private commercial bank serving Haitian retail and SME customers with similar product breadth.
• Sogebank (Société Générale Haïtienne de Banque S.A.): Sogebank is a leading Haitian commercial bank providing deposit accounts, credit, cards, and corporate banking. Competes head-to-head with BUH for retail and SME banking share inside Haiti, with a comparable branch and digital delivery model.

Regional players

• National Commercial Bank (Jamaica) - NCBJ: NCBJ is Jamaica's largest commercial bank offering retail deposits, cards, mortgages, and SME/corporate banking across an extensive Caribbean branch network. Comparable emerging-market Caribbean commercial bank with a similar deposit-and-credit product mix to BUH.
• Banco Popular Dominicano: Banco Popular Dominicano is the largest commercial bank in the Dominican Republic serving retail and SME customers across a deep branch network. Useful regional comparable for BUH given geographic proximity, similar Caribbean consumer profile, and matched product mix including cards and consumer credit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Banquedelunionhaitienne
• Facebookfacebook.com/BUHhaiti/?fref=ts
• Instagraminstagram.com/buhhaiti
• Xx.com/buhhaiti
• LinkedInlinkedin.com/company/buh-haiti

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 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 Banque de l'Union Haïtienne