Verified List of Banks in Madagascar (2026 Update)

Madagascar is home to 10 verified banks currently tracked in our directory, headquartered in and around Antananarivo. Every entry below has been cross-checked against primary sources for 2026.

Foreign exchange reserves equal roughly 13.69% of GDP, indicating a limited external liquidity buffer relative to economic output. Madagascar holds 3.40 tonnes of gold reserves, a hard-asset buffer factored into its broader financial resilience profile.

Madagascar falls into the 'Integrated' connectivity tier under the Bankinfobook Financial Connectivity Index, with a SWIFT-to-Bank ratio of 100% across its 10 listed institutions.