Fx denominated loans as a share of bank loans reached 15.6% in 2023 in Madagascar, according to the National Central Bank. This is 14.9% less than in the previous year.
Historically, FX denominated loans as a share of bank loans in Madagascar reached an all time high of 25.4% in 2006 and an all time low of 11.6% in 2021.
Madagascar has been ranked 22nd within the group of 36 countries we follow in terms of FX denominated loans as a share of bank loans.
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