Banky Foiben’i Madagasikara (BFM) – Central Bank • Media Power Monitor

All Source Passports

Source Passport

MG-R-00002-1

Issued and maintained by MJRC

Legal name: Banque Centrale de Madagascar (Banky Foiben'i Madagasikara)
Country: Madagascar
Type: Regulator
Founded: Not disclosed
Head: Not disclosed
Claim: Not claimed by the organisation
Last verified: 17 October 2025

1 of 5 layers verified

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

Transparency

Partial

3 of 6 key disclosures on record, 1 of them checked by our researchers.

Legal name on record, not yet checked
Who leads it not disclosed
How it is funded not disclosed
Legal basis or parent body on record, not yet checked
Public contact address not disclosed
Official websites and accounts verified

Public body

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Needs update: last verified on 17 October 2025. Details may have changed since.

Who is it?

Origin

Partly verified

Brand names Pending check: BFM
BCM
Registration number Pending check: (Statutes: Loi n° 2016-004 of 29 June 2016 portant Statuts de la Banque Centrale de Madagascar)
Registered address Pending check: Antananarivo
Public contact email: Not disclosed

1 source

Loi n° 2016-004 portant Statuts de la Banque Centrale de Madagascar (29 June 2016), copy on the Assemblée nationale site, read 2026-10-20 (name Banque Centrale de Madagascar / Banky Foiben'i Madagasikara; public institution with legal personality, Art. 1; seat Antananarivo, Art. 2; capital MGA 111 bn wholly subscribed by the State, Art. 4; Governor appointed by decree in Council of Ministers on Board proposal, Art. 52; six non-executive directors proposed by the Presidency, Senate and National Assembly, Art. 65-67; reports to President, presidents of both chambers and Head of Government, Art. 29, 32, 34; Treasury share of profits, Art. 86)

Who stands behind it?

Control

Not yet verified

Owner or founding authority Pending check: Owner Share % Holding Owner type
État malagasy (State of Madagascar; subscribes the entire capital of MGA 111 bn) 100% Direct State or public body
State or public-body ownership Pending check: Fully state-owned
Answers to Pending check: State of Madagascar (Governor appointed by decree in the Council of Ministers; reports to the President of the Republic, the presidents of both chambers and the Head of Government)

Owner	Share %	Holding	Owner type
État malagasy (State of Madagascar; subscribes the entire capital of MGA 111 bn)	100%	Direct	State or public body

1 source

Loi n° 2016-004 portant Statuts de la Banque Centrale de Madagascar (29 June 2016), copy on the Assemblée nationale site, read 2026-10-20 (name Banque Centrale de Madagascar / Banky Foiben'i Madagasikara; public institution with legal personality, Art. 1; seat Antananarivo, Art. 2; capital MGA 111 bn wholly subscribed by the State, Art. 4; Governor appointed by decree in Council of Ministers on Board proposal, Art. 52; six non-executive directors proposed by the Presidency, Senate and National Assembly, Art. 65-67; reports to President, presidents of both chambers and Head of Government, Art. 29, 32, 34; Treasury share of profits, Art. 86)

Who pays?

Money

Nothing disclosed

How it is funded: Not disclosed
Budget and funding bodies: Not disclosed

Where does it appear?

Channels

Verified

Official websites Verified: banky-foibe.mg
Official social accounts: Not disclosed

1 source

MPMONITOR Provenance Directory (MJRC), master record recfQXVKbH9sc2Gl9, updated 2025-10-17

Who is connected?

Networks

Nothing disclosed

Agencies and funds under it: Not disclosed
Public-office or party roles of board members: Not disclosed

Change history

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

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