Madagascar: CSBF raises banks' minimum capital to Ar 100 billion (approximately USD 21 million)

Antananarivo, 3 May 2025 – A major turning point in the Malagasy banking landscape. The Banking and Financial Supervision Commission (CSBF) has just published Instruction n°001-2025, which establishes new strict rules for the approval of banks and financial institutions. The flagship measure: a substantial increase in minimum capital, now set at 100 billion diarary for banks, i.e. around 21 billion diarary for banks.