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Trading

List Of Investment Banks In Madagascar

Published by Gbaf News

Posted on October 31, 2012

1 min read

· Last updated: June 11, 2018

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Banking Investment Banking Digital banking Wealth Management
Access Bank
BBNI-Crédit Lyonnais Madagascar
Bank Negara Indonesia
Bank of Africa
Banque Industrielle et Commerciale
Banque Malgache de L’ocean Indien
BFV-Societe Generale
BGFI Bank
Central Bank of Madagascar
Investco Southern Investment Bancorp
Madagascar Microfinance Bank
Mauritius Commercial Bank
State Bank of Mysore
Union Commercial Bank SA

Key Takeaways

  • Madagascar hosts a mix of domestic and foreign-affiliated banks involved in investment and corporate finance.
  • Notable players include Société Générale Madagasikara, Banque Industrielle et Commerciale de Madagascar (BICM), and BGFIBank Madagascar.
  • Mauritius-based MCB Group has a strong presence via MCB Madagascar offering corporate and investment services.
  • The Central Bank of Madagascar oversees financial stability but is not an investment bank.
  • Overall, Madagascar’s investment banking landscape remains small but strategically diversified.

References

Frequently Asked Questions

Are these truly investment banks?
Most are commercial banks providing corporate and some investment banking services, rather than pure investment banks.
Which is the central bank?
The Central Bank of Madagascar (Banky Foiben’i Madagasikara) regulates monetary policy but doesn’t operate as an investment bank.
Is BICM still active?
Yes, BICM was established in 2003 and operates from Antananarivo providing commercial and investment banking services.
Which foreign groups operate in Madagascar?
Foreign-affiliated groups include Société Générale (via SG Madagasikara), Mauritius-based MCB Group, and Gabon-based BGFIBank Group.

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