Data / Partner portfolio / World Bank Group / IFC
Sogebank
US$ millions unless stated. Haitian fiscal year, October to September. FY2026-27 began October 1, 2026.
Description
The proposed project is a comprehensive investment and advisory services program for Sogebank (or the Bank), the largest banking group in the Republic of Haiti with total assets of approximately $750 million. In a country were only 1% of the population has access to formal credit, the support of IFC in one of the soundest financial institutions will help improve access to finance by the population by promoting the creation of new products, increasing the lending capacity of the institution and promoting greater competitiveness and efficiency in the local market. IFC’s investment would include equity in the Bank as well as guarantees for trade confirmation lines. Sogebank is the leading bank in Haiti, with market shares of 28% and 34%
more
in loans and deposits respectively. The Bank is a commercial bank with activities spanning retail and corporate banking, SME and microfinance, remittance distribution, and factoring which are operated as independent businesses through separate subsidiaries. Sogebank was founded in 1986 by a group a Haitian businessmen who took over the operations of the former Royal Bank of Canada, which was present in Haiti since 1917.
- Partner
- World Bank Group, IFC
- Stage
- Closed since June 23, 2009
- Approval
- May 21, 2009
- Closing
- Not reported
- Instrument
- Equity, Equity
- Effectiveness
- September 25, 2009
- Last transaction
- June 23, 2009
- Operation ID
- 26167
Life cycle3 stages, 9 dates
Stage history
| Stage | From |
|---|---|
| Approved | May 21, 2009 |
| Under way | June 23, 2009 |
| Closed | June 23, 2009 |
Dated events
| Event | Date | Source |
|---|---|---|
| Disclosure | February 4, 2008 | IFC Finances One |
| Approval | May 21, 2009 | IFC Finances One |
| First commitment | May 21, 2009 | Transactions |
| Last disbursement | June 23, 2009 | Transactions |
| Planned start | June 23, 2009 | IATI |
| Signing | June 23, 2009 | IFC Finances One |
| Actual start | September 25, 2009 | IATI |
| Effectiveness | September 25, 2009 | IFC Finances One |
| First disbursement | September 25, 2009 | IFC Finances One |
Financing
Table 1.Financing, US$ millions
| Financier | AmountUS$ millions | Role | Source |
|---|---|---|---|
| IFC equity | 4.0 | Institution | IFC Finances One |
Table 2.Position at the data date by source (stocks), US$ millions
| This pageUS$ millions | Source | IATIUS$ millions | |
|---|---|---|---|
| Commitment | 4.0 | IFC Finances One | 4.0 |
| Disbursed | 4.0 | IATI | 4.0 |
| Undisbursed | Not reported | ||
| Total cost | Not reported |
Each amount is given as the source publishes it, converted to US$. IATI column: the commitments and disbursements the partner reports to IATI, converted to US$. Amounts by source
This page uses IFC Finances One for the commitment and IATI for disbursements.
Changes to the operationnot reported
- Original closing date
- Not reported
- Closing date extensions
- Not reported
- Restructurings
- Not reported
- Emergency component
- Not reported
New commitments and disbursements by fiscal year
Table 3.New commitments and disbursements by fiscal year (flows), US$ millions
Records and documents
Transactions2 records, May 21, 2009 to June 23, 2009
Table 4.Transactions, US$ millions
Terms5 of 6 reported
- Finance type
- 510 Common equity
- Flow type
- 35 Private market
- Aid type
- C01 Project-type interventions
- Tied status
- 5 Untied
- Collaboration type
- 6 Private development finance
- Humanitarian
- Not reported
Locations1 place named, 1 place with coordinates
| Departments | Not reported |
| Places named by the source | Sogebank is headquartered in Port-au-Prince, the capital city of the Republic of Haiti. It has the largest private branch network in the country with 40 branches, and a solid image and reputation throughout Haiti. |
| Places with coordinates | 1 |
Funds passed on1 transaction
| Receiver | Transaction | Date | US$ millions |
|---|---|---|---|
| Societe Generale Haitienne de Banque SA | Commitment | June 23, 2009 | 4.0 |
Identifiers2 identifiers
| System | Identifier | Source |
|---|---|---|
| IATI identifier | XM-DAC-903-SPI-26167 | IATI |
| IFC project | 26167 | Operation record |
Where sources differ1 field
| Field | Source | Value | Used |
|---|---|---|---|
| Status | IFC Finances One | Closed | ✓ |
| Status | IATI | Active |
Partner documents
- See Environmental and Social Management System (ESMS) summary tab., disclosures.ifc.org
- Summary of Project Information, disclosures.ifc.org
Sources
- IATI record (d-portal): terms of use set by the publisher
- IATI: terms of use set by the publisher
- IFC project page: terms of use set by the publisher
- Transactions: terms of use set by the publisher
- Operation record: terms of use set by the publisher
Data as of October 18, 2026
| Source | Read on |
|---|---|
| IATI | October 18, 2026 |
| IATI | October 18, 2026 |
| IFC Finances One | October 18, 2026 |
Cite this page
HaitiDocs. Sogebank. Partner portfolio, data as of October 18, 2026. https://www.haitidocs.org/portfolio/projects/IFC%3A26167