SGBCy

What SGBCy does

SGBCy (Societe Generale Bank - Cyprus Limited) is a Cyprus-incorporated, EU-regulated boutique bank and wholly-owned subsidiary of the French banking group Societe Generale. Founded in 1985 as Generale de Credit Cyprus LTD, renamed Societe Generale Cyprus LTD in 1993, and rebranded to SGBCy in 2010, the bank operates two business lines: International & Corporate Banking (ICB) serving local and cross-border corporate clients with working capital finance, trade finance (letters of credit, documentary collections, guarantees), foreign exchange, project finance, loan syndication, and capital markets execution; and Individual & Small Enterprise Banking (ISB) serving individuals and SMEs with multi-currency current accounts, fixed deposits, overdrafts, mortgage loans, and payment cards. A dedicated International Desk targets non-resident clients leveraging Cyprus's EU membership, favorable tax regime, and geographic position at the crossroads of Europe, the Middle East, and North Africa.

The product portfolio is built on a conventional banking technology stack rather than proprietary AI or platform infrastructure. Core channels include the eSGBCy online banking platform, the "Banking with SGBCy" mobile application (offering biometric authentication, sandbox protection, remote wipe, and automatic timeout), a Visa-branded card suite (Platinum Debit, Gold Credit, Gold Charge, Business Debit) with 3D Secure and chip/PIN technology, an IBAN converter tool, safe deposit boxes, and utility bill payment services. The bank distributes through a physical branch network in Nicosia (head office), Larnaca, and Limassol, an ATM network across Cyprus, a correspondent banking network for international transactions, and a SOGEINFO hotline for customer service.

SGBCy makes money through a diversified mix of banking revenue streams typical of a mid-sized commercial bank: net interest income from lending (mortgages, corporate loans, overdrafts), transaction and interchange fees from cards and payment services, foreign exchange spreads, fees on trade finance instruments (letters of credit, guarantees, bill discounting), account maintenance charges, safe deposit box rentals, and commissions on digital transactions. The bank has 101-250 employees, paid-up capital of approximately EUR 70.8M (EUR 9.141M common stock plus EUR 61.633M share premiums), and is supervised by the Central Bank of Cyprus. Pricing is quote-based and approval-gated under published tariff guides rather than disclosed standard rates.

Name

SGBCy

Legal name

Societe Generale Bank - Cyprus Limited

Website

https://sgcyprus.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

SGBCy is a Cyprus-incorporated, EU-regulated boutique bank and wholly-owned subsidiary of Societe Generale Group, offering international and corporate banking, SME and individual banking, trade and project finance, payment cards, and digital banking services through branches and online channels in Cyprus.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Commercial banking services
• Corporate banking
• International trade finance
• Retail banking products
• Digital banking platform

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices3 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. Corporate Banking Services: Working capital finance, trade finance, foreign exchange services, project finance, and loan syndication for corporate clients. Revenue generated through interest income, transaction fees, and service commissions.
2. Individual & Small Enterprise Banking: Deposit accounts (current, fixed deposit), personal and business loans, overdrafts, mortgage loans. Revenue from interest spreads, account maintenance fees, and transaction charges.
3. Cards (Debit, Credit, Charge): Platinum Debit, Gold Credit, and Gold Charge cards providing payment services with international acceptance. Revenue from interchange fees, annual card fees, and transaction charges.
4. Digital Banking Services: Online and mobile banking platform (eSGBCy) providing account access, transfers, and transaction capabilities. Free service with reduced commissions on digital transactions.
5. Safe Deposit Boxes: Rental of safe deposit boxes in various sizes (A, B, C) for protecting valuables. Revenue from rental fees proportional to box size.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

SGBCy (Societe Generale Bank - Cyprus Limited) is a boutique bank in Cyprus operating two business lines: International & Corporate Banking (ICB) and Individual & Small Enterprise Banking (ISB). It provides deposit accounts, fixed deposits, loans, overdrafts, mortgages, Visa-branded debit/credit/charge cards, safe deposit boxes, and corporate services including trade finance, working capital finance, foreign exchange, project finance, letters of credit and guarantees. Digital banking is delivered through the eSGBCy online platform and the Banking with SGBCy mobile application.

Product overview

SGBCy (Societe Generale Bank - Cyprus Limited) operates as a boutique bank in Cyprus offering two primary business lines: International & Corporate Banking (ICB) and Individual & Small Enterprise Banking (ISB). The product portfolio spans traditional banking services (current accounts, fixed deposits, loans, mortgages) and digital banking platforms (eSGBCy online banking, Banking with SGBCy mobile app). Payment products include Visa-branded cards (Platinum Debit, Gold Credit, Gold Charge, and Business Debit). Corporate services encompass trade finance, working capital finance, foreign exchange, project finance, letters of credit, and letters of guarantee. Additional services include safe deposit boxes, utility bill payments, and an IBAN converter tool. The bank integrates 3D Secure authentication and OTP/KBA security for digital transactions.

Differentiator

Problem solved

Functional benefit

Brands

• Banking with SGBCy: Mobile banking application for SGBCy customers enabling account access, transactions, and digital banking services
• eSGBCy

Products and services

• International & Corporate Banking (ICB)
• International & Corporate Banking (ICB) Comprehensive banking services for corporate clients including working capital finance, trade finance, foreign exchange, and project finance for local and international operations.
• Individual & Small Enterprise Banking (ISB)
• Individual & Small Enterprise Banking (ISB) Banking services for individual customers and small enterprises including current accounts, fixed deposits, loans, overdrafts, mortgages, and payment cards.
• eSGBCy Online Banking
• eSGBCy Online Banking Secure online banking platform enabling 24/7 account access, fund transfers, transaction viewing, and bill payments through web and mobile channels.
• Banking with SGBCy Mobile Application
• Banking with SGBCy Mobile Application Mobile banking application providing biometric authentication, remote account management, and secure transaction capabilities for iOS and Android devices.
• Current Account
• Current Account Multi-currency checking account with instant access to funds, check writing, and free ATM withdrawals via SGBCy Electron card from Visa.
• Fixed Deposit Account
• Fixed Deposit Account Term deposit account allowing customers to earn interest on funds deposited for a fixed tenor at preferential rates.
• Overdraft Account & Loans
• Overdraft Account & Loans Credit facilities providing financing for personal or business needs, including overdrafts with credit limits and loan accounts for various purposes.
• Mortgage Loan
• Mortgage Loan Financing solution for purchasing property, building a residence, or adding real estate to an investment portfolio.
• Gold Credit Card
• Gold Credit Card International credit card with convenient monthly payments requiring settlement of 10% of the balance at the end of each month.
• Platinum Debit Card
• Platinum Debit Card Premium debit card offering direct account access, contactless payments, chip and PIN security, and free ATM withdrawals internationally.
• Business Debit Card
• Business Debit Card Debit card for business clients providing flexible daily transactions and enhanced purchasing power with prestigious advantages.
• Gold Charge Card
• Gold Charge Card Charge card allowing purchases and ATM withdrawals with settlement at month-end without additional charges, including travel insurance benefits.
• Safe Deposit Boxes
• Safe Deposit Boxes Secure storage service for valuable belongings and important documents available in three sizes (A, B, C) with rental costs proportional to size.
• Trade Finance
• Trade Finance Services including letters of credit, documentary collections, guarantees, import/export financing, and bill discounting for international trade.
• Working Capital Finance
• Working Capital Finance Financing solutions including overdrafts, short-term facilities, receivables finance, and inventory finance to meet operational liquidity needs.
• Foreign Exchange
• Foreign Exchange Currency exchange services providing competitive rates for buying and selling foreign currencies through SGBCy's dealing room.
• Project Finance
• Project Finance Innovative financing solutions, loan syndication, co-financing, and capital markets execution for private and public sector projects.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• VisacoreTechnology or IntegrationSGBCy issues Visa-branded payment cards including Platinum Debit, Gold Credit, and Gold Charge cards. Cards feature 3D Secure authentication, contactless payment capability, and international acceptance through the Visa network.
• Financial Ombudsman (Cyprus)minorOthersPursuant to Part VIA of the Establishment and Operation of a Single Body for the Out of Court Resolution of Financial Disputes Law. Contact: 13, Lord Byron Avenue, 1096 Nicosia.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Hellenic Bank: Major Cypriot bank providing retail, SME, and corporate banking, mortgages, cards and digital services. Competes head-to-head with SGBCy for the same local individuals, small enterprises and mid-sized corporates.
• Alpha Bank Cyprus: Cypriot subsidiary of Alpha Services and Holdings offering retail, SME and corporate banking. A direct peer in the local market with similar deposit, lending and trade finance capabilities.
• Eurobank Cyprus: Cypriot arm of Eurobank Group providing personal, business and corporate banking products. Closely comparable to SGBCy across customer segments, deposit products and digital channels.
• Bank of Cyprus: The largest Cypriot banking institution, serving retail, SME and corporate clients across Cyprus with similar deposits, lending, cards and digital banking products. Direct competitor in the same local market across both retail and corporate segments.
• Astrobank (formerly Cyprus Cooperative Bank): Cypriot bank serving retail, small business and mortgage customers. Competes with SGBCy's ISB segment for individuals and small enterprises across deposit, lending and card products.
• RCB Bank: Cyprus-based bank historically serving international and corporate clientele, including trade finance and wealth structuring. Directly comparable to SGBCy's ICB international/corporate banking model.

Broad incumbents

• BNP Paribas: Global European banking group with corporate, trade finance, FX and wealth management capabilities that overlap SGBCy's international and corporate banking offering, though at much larger scale and product breadth.
• HSBC: Global bank with deep trade finance, FX, and cross-border corporate banking capabilities. Competes with SGBCy for international corporate mandates using Cyprus or other hubs in the EMEA region.
• Societe Generale: Parent banking group and major European universal bank. Overlaps with SGBCy on corporate banking, trade finance, FX, and cards, but operates at vastly larger scale and product breadth across global markets.

Emerging players

• Wise (formerly TransferWise): Digital cross-border payments and multi-currency account provider. Competes with SGBCy's eSGBCy platform and FX services for SMEs and individuals managing cross-border payments and currency needs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/societegenerale

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 SGBCy