1.0AFRICA YEARBOOK ECONOMIC REPORThttps://afrique.yearbook-media.com/enrich600338<blockquote class="wp-embedded-content" data-secret="g6R5k7uU2Q"><a href="https://afrique.yearbook-media.com/en/madagascar-le-systeme-bancaire/">Madagascar – The banking system</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://afrique.yearbook-media.com/en/madagascar-le-systeme-bancaire/embed/#?secret=g6R5k7uU2Q" width="600" height="338" title="“Madagascar – Le système bancaire” — AFRIQUE YEARBOOK RAPPORT ECONOMIQUE" data-secret="g6R5k7uU2Q" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script>https://afrique.yearbook-media.com/wp-content/uploads/2024/02/768px-Post_office_Antananarivo_Madagascar-e1708598709152.jpg768460The Malagasy banking landscape has changed significantly with the arrival of new foreign banks and microfinance institutions (MFIs). The banking sector is characterized by high levels of profitability but low banking penetration. According to a 2019 World Bank study on financial inclusion, less than 10% of Malagasy people have a bank account. Read more