Bank of Africa Madagascar
Source Passport
MG-B-00002-9
Issued and maintained by MJRC
- Legal name
- Not disclosed
- Country
- Madagascar
- Type
- Business or financial institution
- Founded
- Not disclosed
- Chief executive
- Not disclosed
- Claim
- Not claimed by the organisation
- Last verified
- 29 March 2025
1 of 5 layers verified
Transparency
Limited
2 of 7 key disclosures on record, 1 of them checked by our researchers.
- Legal name and registration number not disclosed
- Owners with influence on record, not yet checked
- Beneficial owners (the people behind the companies) not disclosed
- State or public-body ownership stated not disclosed
- Revenue mix or named funders not disclosed
- Public contact address not disclosed
- Official websites and accounts verified
- People behind the owning companies not disclosed
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Needs update: last verified on 29 March 2025. Details may have changed since.
Who is it?
Origin
Partly verified
- Brand names Pending check
- BOA-Madagascar
- Company registration number
- Not disclosed
- Registered address
- Not disclosed
- Public contact email
- Not disclosed
Who stands behind it?
Control
Not yet verified
- Owners with influence Pending check
Owner Share % Holding Owner type BOA Group S.A. 61.11% Direct Company BANK OF AFRICA - BMCE Group – Indirect Company - Beneficial owners
- Not disclosed
- State or public-body ownership
- Not disclosed
- Parent group Pending check
- BANK OF AFRICA - BMCE Group, Morocco (via BOA Group S.A., which it holds 72.41%)
2 sources
- BOA Group, Rapport annuel 2025 (French edition), read 2026-10-20 (BOA Group S.A. 72.41% held by BANK OF AFRICA - BMCE Group at 31/12/2025; O Capital Group 'détient 35,51 % de son capital au 31 décembre 2025'; consolidation perimeter: BOA - MADAGASCAR 61.11% direct and total interest, fully consolidated; timeline '1999 : Madagascar')
- BOA Group, Annual Report 2025, read 2026-10-20 (consolidation perimeter line 'BOA - MADAGASCAR 61,11 % 61,11 % IG Madagascar'; BOA Group S.A. shareholders at 31/12/2025: BANK OF AFRICA - BMCE Group 72.41%, FMO 9.41%, PROPARCO 3.73%, BIO 2.03%, others 12.42% (pairing by chart layout); BOA-Madagascar total assets EUR 1,106m)
Who pays?
Money
Nothing disclosed
- Revenue mix
- Not disclosed
- Named investors and funders
- Not disclosed
Where does it appear?
Channels
Verified
- Official websites Verified
- Official social accounts Verified
Platform Link Facebook facebook.com/BOAMadagascar
Who is connected?
Networks
Not yet verified
- Related companies in the same group Pending check
- BOA Group S.A.
- Documented public-office or party roles
- Not disclosed
Change history
| Version | Date | What changed |
|---|---|---|
| 2 | 20 October 2026 | Updated from research database (Origin, Control, Networks) |
| 1 | 19 October 2026 | First published |
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