Financial Sector Overview
Madagascar officially the Republic of Madagascar , and previously known as the Malagasy Republic, is an island country in the Indian Ocean, off the coast of East Africa. The nation comprises the island of Madagascar (the fourth-largest island in the world), and numerous smaller peripheral islands.
Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian peninsula around 88 million years ago, allowing native plants and animals to evolve in relative isolation. Consequently, Madagascar is a biodiversity hotspot; over 90% of its wildlife is found nowhere else on Earth. The island's diverse ecosystems and unique wildlife are threatened by the encroachment of the rapidly growing human population and other environmental threats.
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BANKS |
CONTACTS |
WEBSITE |
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ADDRESS |
TELEPHONE |
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BFV SOCIETE GENERALE (BFV-SG) |
14, rue Jeneraly Rabehevitra, |
(+261) 20 22 264 24 |
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BNI-MADAGASCAR |
74, rue du 26 juin 1960, |
(+261) 20 22 239 51 |
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BANK OF AFRICA MADAGASCAR |
2, place de l'Indépendance, |
(+261) 20 22 391 00 |
bmoi@bmoi.mg |
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BANQUE MALGACHE DE L'OCEAN INDIEN |
Place de l'Indépendance, |
(+261) 20 22 346 09 |
bmoi@bmoi.mg |
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THE MAURITIUS COMMERCIAL BANK |
77, rue Solombavambahoaka Frantsay, |
(+261) 20 22 272 62 |
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SBM-MADAGASCAR |
1, rue Andrianary Ratianarivo, |
(+261) 20 22 666 07 |
bsbmmtna@sbmgroup.mu |
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ACCESS BANQUE MADAGASCAR |
Immeuble BIR HACKEIM, |
(+261) 20 24 527 62 |
info@accesbanque.mg |
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MICROCRED BANQUE MADAGASCAR |
Bâtiment ARIANE 5 A, |
(+261) 20 23 616 26 |
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BGFI BANK MADAGASCAR |
Explorer Business Park, |
(+261) 20 15 583 04 |
b.françois@bgfi.com |
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BM MADAGASCAR |
22, avenue de l’Indépendance, Analakely, |
(+261) 20 23 00 00 |
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SOCIETE D'INVESTISSEMENT POUR LA PROMOTION DES ENTREPRISES (SIPEM BANQUE) |
Lot A 216 H, Andavamamba, 101 |
(+261) 20 22 300 98 |
assdg@sipem.mg |
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TOTAL |
11 |
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Source
At a Glance
At a Glance Source
Population in thousands (2019): 26,969.30
GDP per capita (current US$) 2019 - World Average 10,721.61: 522.22
Account (%) age 15+) - (2014 vs 2017): 9% | 18%
Agriculture Orientation Index - Credit (Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): n/a
Financial Inclusion Strategies: • National Financial Inclusion Strategy of Madagascar (NFIS 2018-2020 (released Nov 2018)) • SADC Financial Inclusion Strategy 2016-2021
Domestic credit provided by financial sector (% of GDP) 2017: 18.98
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 5% | 15%
Remittances % of GDP for 2017: 0.03
Mortgage Interest Rate / Mortgage Term (years): 12% | 18
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The United Nations is urging reforms that make it easier for migrants to send money back to their home countries, as it observes its annual Interna
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Jul 05, 2021
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Apr 26, 2021
| ICR
Mar 02, 2021
| Elsevier
Jan 18, 2021
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Jan 18, 2021
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Nov 03, 2020
| SOAS
Sources
No data found!!