Ambassade de Madagascar

Context

Launch of major investments requiring new sources of funding
Activity development and diversification of SMEs and SMIs in search of funds
Liberalised financial sector
The Malagasy banking system in a few figures
- 133 points of sale distributed throughout the island;
- $1,477 million in capital funds negotiated for 2003, broken down as follows:
- nearly $472 million in credits for the economy in 2003 against $402 million in 2001;

- $1,005 million in funds compared to $793 million in 2001;

- $98 million in turnover (net banking income) in 2003;
- $27 millions in net profits, i.e. almost 25% profitability.
Three major insurance companies
Diversified provision of financial services suited to the partners’ needs
Climate of trust and fruitful partnership relations between the investors of the financial institutions
Banking law No. 95 – 030 of 22 February 1996 guarantees the proper running of financial establishments in general and commercial banks in particular
Insurance sector protected by the Insurance Code

Opportunities for Banking and Insurance services

Financial monitoring of large investments, SME and SMI activities
Contract financing
Leasing
Financing of enterprise creation and development, strengthening of their financial structure
Financing of commercial activities
Development of insurance networks
Prospect of integration with the Eastern Africa and Indian Ocean regional markets



	You are here : Investment / Financial Institutions / Banks and Insurance Français English Why Invest Now Incentives for Investment Investment Opportunities Infrastructure Agriculture Tourism Exportation Mining Energy Financial Institutions Banks and Insurance Microcredit Investment Financing Context Launch of major investments requiring new sources of funding Activity development and diversification of SMEs and SMIs in search of funds Liberalised financial sector The Malagasy banking system in a few figures 133 points of sale distributed throughout the island; $1,477 million in capital funds negotiated for 2003, broken down as follows: - nearly $472 million in credits for the economy in 2003 against $402 million in 2001; - $1,005 million in funds compared to $793 million in 2001; - $98 million in turnover (net banking income) in 2003; - $27 millions in net profits, i.e. almost 25% profitability. Three major insurance companies Diversified provision of financial services suited to the partners’ needs Climate of trust and fruitful partnership relations between the investors of the financial institutions Banking law No. 95 – 030 of 22 February 1996 guarantees the proper running of financial establishments in general and commercial banks in particular Insurance sector protected by the Insurance Code Opportunities for Banking and Insurance services Financial monitoring of large investments, SME and SMI activities Contract financing Leasing Financing of enterprise creation and development, strengthening of their financial structure Financing of commercial activities Development of insurance networks Prospect of integration with the Eastern Africa and Indian Ocean regional markets
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