Country · Sub-Saharan Africa
Madagascar
Check who the institutions in Madagascar are: whether each holds a BIC, which register lists it and whether an LEI is mapped. No tracked register covers Madagascar, so every institution listed here holds a BIC.
Madagascar at a glance
Every row is the same 17 institutions, split by one attribute
Type
- Financial institution 17 · 100%
Identification
- BIC only 17 · 100%
Regulation level
- Not on a tracked register 17 · 100%
LEI
- LEI mapped 7 · 41%
- No LEI mapped 10 · 59%
View as table
| Attribute | Institutions | Share |
|---|---|---|
| Type | ||
| Financial institution | 17 | 100% |
| Identification | ||
| BIC only | 17 | 100% |
| Regulation level | ||
| Not on a tracked register | 17 | 100% |
| LEI | ||
| LEI mapped | 7 | 41% |
| No LEI mapped | 10 | 59% |
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
BIC data as at 23 September 2026
Institutions in Madagascar
All 17 institutions in Madagascar, with or without a BIC: prudentially supervised and larger institutions first. No OFAC or EU listing cites an institution in Madagascar.
- Bni Madagascar BIC CLMDMGM1 Financial institutionNot on a tracked register
- Banque Centrale de Madagascar BIC REPUMGMG Financial institutionNot on a tracked register
- Accesbanque Madagascar BIC ABMGMGMG Financial institutionNot on a tracked register
- Acep Madagascar SA BIC AMDAMGM2 Financial institutionNot on a tracked register
- Afg Bank Madagascar BIC AFGMMGMG Financial institutionNot on a tracked register
- Bank of Africa Madagascar BIC AFRIMGMG Financial institutionNot on a tracked register
- Banky First BIC BAIMMGMG Financial institutionNot on a tracked register
- Banque Malgache de L'ocean Indien BIC BMOIMGMG Financial institutionNot on a tracked register
- Banque Sbm Madagascar BIC BSBMMGMG Financial institutionNot on a tracked register
- Baobab Banque Madagascar SA BIC BMADMGMG Financial institutionNot on a tracked register
- Bgfibank Madagascar BIC BGFIMGMG Financial institutionNot on a tracked register
- Bni Madagascar BIC CLMDMGMG Financial institutionNot on a tracked register
- Bred Madagasikara Banque Populaire BIC BFAVMGMG Financial institutionNot on a tracked register
- Marche Interbancaire des Devises M. I.D. BIC XMDGMGM1 Financial institutionNot on a tracked register
- Paositra Malagasy BIC PAMLMGM1 Financial institutionNot on a tracked register
- Premiere Agence de Microfinance Pamf BIC PGMPMGM2 Financial institutionNot on a tracked register
- The Mauritius Commercial Bank (Madagascar) S.A. BIC MCBLMGMG Financial institutionNot on a tracked register
Regulation and supervision
None of the 22 tracked registers covers Madagascar. All 17 institutions listed here hold a BIC; firms licensed only by Madagascar’s national authorities are not listed.
Groups and systemic importance
Institutions in Madagascar belong to 1 group on the FSB’s 2025 list of global systemically important banks (G-SIBs). For 2 institutions here, GLEIF records a parent in another country.
G-SIB groups
FSB 2025 list; institutions here that hold a BIC, by group
| Group | Bucket | Institutions here |
|---|---|---|
| Société Générale | 1 | 1 |
Largest other groups
GLEIF consolidation groups, by legal entities (LEIs) in this country
| Group | LEIs here | LEIs in the group |
|---|---|---|
| Access Microfinance Holding AG | 1 | 2 |
Parents abroad
Institutions here by the country of their GLEIF ultimate parent (else direct parent)
GLEIF parents are accounting-consolidation relationships. They do not show ownership shares or control.
Payments and connectivity
Of the 17 institutions in Madagascar that hold a BIC, 70.6% are connected to Swift, as at 23 September 2026.
Connection to Swift
Institutions that hold a BIC, by connection type in Swift’s directory
A BIC does not imply a connection to the Swift network.
All BIC codes in Madagascar
Look up any of the 20 BIC codes registered in Madagascar: the head offices and branch codes of the 17 institutions here that hold a BIC, with their LEIs and flags.
Where branch codes cluster
Branch codes by city, top 4
Other countries in Sub-Saharan Africa
The directory has pages for 50 other countries and territories in Sub-Saharan Africa.
AngolaBeninBotswanaBurkina FasoBurundiCameroonCape VerdeCentral African RepublicChadComorosCongo - BrazzavilleCongo - KinshasaCôte d’IvoireEquatorial GuineaEritreaEswatiniEthiopiaGabonGambiaGhanaGuineaGuinea-BissauKenyaLesothoLiberiaMalawiMaliMauritaniaMauritiusMayotteMozambiqueNamibiaNigerNigeriaRéunionRwandaSão Tomé & PríncipeSenegalSeychellesSierra LeoneSomaliaSouth AfricaSouth SudanSt. HelenaSudanTanzaniaTogoUgandaZambiaZimbabwe
Sources & method
Each institution counts once, in one country: the BIC country when it holds a BIC, otherwise the country of the register that lists it. Licences in other countries are shown on its page.
Sanctions listings are matched on the BIC and on the LEI mapped to it, so they cover institutions that hold a BIC only. Institutions without a BIC are not screened. Always screen against the official lists.
Read the methodology →Sources for this page
- Swift ISO 9362 BIC directory—institutions and branch codes, mapped to LEIs through the Swift and GLEIF BIC-to-LEI relationship file. As at 23 September 2026
- FSB 2025 list of global systemically important banks · FSB ↗ published 27 November 2025
- GLEIF relationship records (Level 2)—accounting consolidation as reported to GLEIF · about Level 2 data ↗ as at 25 September 2026
Assess the financial crime risk behind a counterparty
A BIC or a licence identifies an entity; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment firms. Read about the FinCrime Index.
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