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About Banking in Madagascar

The Central Bank of Madagascar is the central bank of the country.

The World Economic Forum, in its report - The Global Competitiveness Report 2010–2011, has ranked Madagascar at # 89 with a score of 4.8 in terms of soundness of banks in the country. The ranking dropped to #111 with a score of 4.4 as per 2012-13 report.

Banks in Madagascar

  • Access Bank Madagascar (ABM)
  • Bank Negara Indonesia (BNI)
  • Bank of Africa (BOA)
  • Banque Industrielle et Commerciale de Madagascar (BICM)
  • Banque Malgache de Locean Indien (BMOI)
  • BFV-Societe Generale (BFV-SG)
  • BGFI Bank Madagascar (BGFI)
  • Madagascar Microfinance Bank
  • Mauritius Commercial Bank (MCB)
  • State Bank of Mauritius (SBM)


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