FX Denominated Bank Loans (Local Currency) in Madagascar

Source: IMF
Last Updated: January 27, 2022

Fx denominated bank loans reached MGA 1,009 bil in third quarter of 2021 in Madagascar, according to the National Central Bank. This is 10.7% less than in the previous quarter.

Historically, FX denominated bank loans in Madagascar reached an all time high of MGA 1,130 bil in 2Q2021 and an all time low of MGA 468 bil in 3Q2012.

Madagascar has been ranked 17th within the group of 44 countries we follow in terms of FX denominated bank loans.

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