Number of Banks in Madagascar

Number of banks reached 11.0 banks in 2020 in Madagascar, according to the National Central Bank. This is 0% more than in the previous year.

Historically, number of banks in Madagascar reached an all time high of 11.0 banks in 2020 and an all time low of 7.00 banks in 2004.

Madagascar has been ranked 122nd within the group of 148 countries we follow in terms of number of banks.