Free directory of all 14 correspondent bank SWIFT/BIC codes registered in MADAGASCAR. Click any bank to view its full record and track an international SWIFT payment routed through it.
Madagascar's RTGS processes MGA settlements. BFV-Société Générale, BNI Madagascar, and MCB Madagascar are the primary SWIFT correspondents, processing vanilla, cloves, and cobalt export proceeds — Madagascar produces over 80% of the world's natural vanilla. French banking relationships dominate due to historical ties, with most international wires routing through Paris correspondents.
| RTGS / Settlement System | RTGS (Banque Centrale de Madagascar — BCM) |
|---|---|
| Currency | MGA — Malagasy Ariary |
| Central Bank | Banque Centrale de Madagascar (BCM) |
| Typical SWIFT Timing | 3–7 days (international SWIFT) |
Most international SWIFT wires arrive in Madagascar within 2–5 business days. Payments cleared through correspondent banks may take longer depending on intermediary routing and local cut-off times.
Madagascar processes large-value interbank settlements through RTGS. Retail transfers typically use ACH or local clearing networks, while cross-border wires enter via SWIFT.
The primary settlement currency is MGA — Malagasy Ariary. Foreign-currency wires are converted at the receiving bank's prevailing rate unless a specific currency account is held at the beneficiary institution.
Total correspondent banks indexed: 14