BNI Madagascar • Media Power Monitor

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Source Passport

MG-B-00004-5

Issued and maintained by MJRC

Legal name: BNI Madagascar (société anonyme)
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

Origin Partly verified
Control Not yet verified
Money Nothing disclosed
Channels Verified
Networks Nothing disclosed

Transparency

Limited

3 of 7 key disclosures on record, 1 of them checked by our researchers.

Legal name and registration number on record, not yet checked
Owners with influence not disclosed
Beneficial owners (the people behind the companies) not disclosed
State or public-body ownership stated on record, not yet checked
Revenue mix or named funders not disclosed
Public contact address not disclosed
Official websites and accounts verified

State holds a minority stake
Owners not disclosed

Represent this organisation? Add owners with influence, beneficial owners (the people behind the companies), revenue mix or named funders, public contact address and the level moves up. Claim and complete

The organisation has not claimed this passport. It is built from public records; every fact shows its source and whether a researcher has checked it. Something wrong? Report it · Represent this organisation? Claim the passport

Needs update: last verified on 29 March 2025. Details may have changed since.

Who is it?

Origin

Partly verified

Brand names Pending check: BNI Madagascar
BNI
Company registration number Pending check: RCS 2003B00864 (NIF 30000 21585; STAT 6419111 1977 0 10001)
Registered address Pending check: 74, rue du 26 juin 1960, Analakely, B.P. 174, Antananarivo 101, Madagascar
Public contact email: Not disclosed

1 source

BNI Madagascar, Rapport annuel 2021, read 2026-10-20 (BNI MADAGASCAR, société anonyme, capital MGA 10.8bn; siège 74, rue du 26 juin 1960, Analakely, B.P. 174, Antananarivo 101; RCS 2003B00864; NIF 30000 21585; STAT 6419111 1977 0 10001; banking registration 05/BA/1991; shareholders: Indian Ocean Financial Holding Ltd (IOFHL) 51%, the remaining 49% held by the Malagasy State, CIEL Finance Ltd, AXIAN Financial Services Ltd and individuals/staff (figures 32.58%, 10%, 4.42%, 2% not explicitly paired); CIEL Finance and AXIAN together hold 63% through IOFHL and direct holdings; Président du CA Herintsalama Rajaonarivelo; DG Alexandre Mey; www.bni.mg; 106 points of sale)

Who stands behind it?

Control

Not yet verified

Owners with influence: Not disclosed
Beneficial owners: Not disclosed
State or public-body ownership Pending check: Minority stake
Parent group Pending check: CIEL Finance Ltd and AXIAN Financial Services Ltd (together 63% through Indian Ocean Financial Holding Ltd and direct holdings, 2021)

1 source

BNI Madagascar, Rapport annuel 2021, read 2026-10-20 (BNI MADAGASCAR, société anonyme, capital MGA 10.8bn; siège 74, rue du 26 juin 1960, Analakely, B.P. 174, Antananarivo 101; RCS 2003B00864; NIF 30000 21585; STAT 6419111 1977 0 10001; banking registration 05/BA/1991; shareholders: Indian Ocean Financial Holding Ltd (IOFHL) 51%, the remaining 49% held by the Malagasy State, CIEL Finance Ltd, AXIAN Financial Services Ltd and individuals/staff (figures 32.58%, 10%, 4.42%, 2% not explicitly paired); CIEL Finance and AXIAN together hold 63% through IOFHL and direct holdings; Président du CA Herintsalama Rajaonarivelo; DG Alexandre Mey; www.bni.mg; 106 points of sale)

Who pays?

Money

Nothing disclosed

Revenue mix: Not disclosed
Named investors and funders: Not disclosed

Where does it appear?

Channels

Verified

Official websites Verified: bni.mg
Official social accounts Verified: Platform Link
Facebook facebook.com/BNIMadagascar

Platform	Link
Facebook	facebook.com/BNIMadagascar

1 source

BNI Madagascar, Rapport annuel 2021, read 2026-10-20 (BNI MADAGASCAR, société anonyme, capital MGA 10.8bn; siège 74, rue du 26 juin 1960, Analakely, B.P. 174, Antananarivo 101; RCS 2003B00864; NIF 30000 21585; STAT 6419111 1977 0 10001; banking registration 05/BA/1991; shareholders: Indian Ocean Financial Holding Ltd (IOFHL) 51%, the remaining 49% held by the Malagasy State, CIEL Finance Ltd, AXIAN Financial Services Ltd and individuals/staff (figures 32.58%, 10%, 4.42%, 2% not explicitly paired); CIEL Finance and AXIAN together hold 63% through IOFHL and direct holdings; Président du CA Herintsalama Rajaonarivelo; DG Alexandre Mey; www.bni.mg; 106 points of sale)

Who is connected?

Networks

Nothing disclosed

Related companies in the same group: Not disclosed
Documented public-office or party roles: Not disclosed

Change history

Version	Date	What changed
2	20 October 2026	Updated from research database (Origin, Control, Channels)
1	19 October 2026	First published

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