178:. The idea was born from a meeting in the Dominican Republic between Haitian businessman Clifford Brandt and Banco Popular's then president, Alejandro Grullon, in 1972. Because there were no Haitian private banks at the time, a preparatory committee was formed after, Alejandro Grullon offered his support making available to the committee the by-laws and relevant documents of Banco Popular. The by-laws were then modified to be in harmony with Haiti's laws. On June 2, 1973, a General Assembly composed of 420 shareholders approved its formation, its first set of by-laws were dated August 14, 1972 and elected its first
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of a weak and failing institution and successfully stabilized the bank, boosted employee moral, regained the confidence of shareholders and depositors and oversaw the stabilization and recovery of the first privately held financial institution in Haiti. In July 2008, Sassine relinquished his position
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In 1999 following an IT conversion failure, the bank had to take provisions which almost totally wiped out its shareholders' equity and was on the brink of failure. In August 2001, the board of directors obtained a vast majority of it shareholders voting for the sale of the bank to another major
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based ABI Bank, Ltd. In
October 2008, ABI Bank took control of the bank with a new board of directors and relinquished all of its majority shares in September 2013. Following the earthquake of January 2010, the bank moved its headquarters to Pétion-Ville. Today the bank has 23
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Following a major recapitalization, a new board of directors was unanimously elected at the general meeting of shareholders on June 20, 2013. Since this milestone, the bank has adopted an ambitious development plan for years to come.
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is a bank operating in Haiti. Founded in 1973, the first
Haitian private bank. Clifford Brandt had the idea to create a financial company with a full Haitian ownership in a sector largely composed of foreign banks.
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banking institution in Haiti. After failure to obtain final approval from the regulatory authorities, the bank's chairman and CEO, Richard
Sassine, in the third month of his chairmanship took the
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as chairman and CEO after a 7-year tenure followed by his retirement from the Board of
Directors on September 30, 2008, after a 15-year tenure.
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186:. Finally in October, 1973, BUH started its operations with a staff of 46 at 102, Rue du Quai in downtown Port-au-Prince.
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Haiti: 2012 Article IV Consultation and Fifth Review Under the
Extended Credit Facility
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and over 2000 shareholders, making it one of the most widely held companies in Haiti.
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BUH currently has a network of twenty-three (23) branches across the country.
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BUH was founded in affiliation with Banco
Popular Dominicano of the
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International
Monetary Fund. Western Hemisphere Dept., ed. (2013).
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Banque de l'Union Haïtienne (Official website) - Company
History
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Banque de l'Union Haïtienne (Official website) - Press
Release
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In June 2006, BUH had entered into an alliance with
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230:. International Monetary Fund Washington, D.C.
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182:consisting of nine members and a
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17:Banque de l'Union haïtienne, S.A.
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62:3, rue Jean-Gilles Airport Road
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333:1973 establishments in Haiti
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338:Economy of Port-au-Prince
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294:Banco Popular Dominicano
291:(in English and Spanish)
263:July 21, 2011, at the
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45:Financial services
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241:. Retrieved
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122:Total assets
59:Headquarters
31:Company type
184:Comptroller
82:(President)
327:Categories
211:References
112:3 million
104:Net income
76:Key people
261:Archived
243:7 August
41:Industry
200:Antigua
170:History
138:Website
88:Revenue
51:Founded
35:Private
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132:(2016)
114:(2016)
96:(2016)
192:reins
69:Haiti
245:2015
232:ISBN
128:US$
110:US$
92:US$
54:1973
302:BUH
156:BUH
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