BOA Madagascar (Madagascar)

Bank of Africa Madagascar, located in Antananarivo, is a benchmark in the banking sector. It belongs to the BOA Group and has been part of the Bank of Africa network for over 20 years. With a capital of 45,509,740,000 MGA, it has been present in the Malagasy market for over 130 years. The bank focuses on putting its customers at the heart of its mission and offers tailored solutions for their needs. Despite strong competition, Bank of Africa Madagascar is one of the major players in the Malagasy banking sector, with a total balance sheet of MGA 4,070,971 million in 2022. It has 88 branches, 4 Business Centers, an Institutional branch, 4 Elite branches, and 7 Business Spaces spread across 22 regions. Additionally, it provides over 150 automated teller machines and a Customer Relations Center to serve its customers. Bank of Africa Madagascar operates as a universal commercial bank, serving retail, corporate, and financial markets.