All banks in Madagascar are closed Monday morning for their solidarity against robbery in a bank in the capital city of Antananarivo last week, a statement from the Association of Professionals of Banks, said on Monday.

The statement revealed that professionals of banks decided to close all banks in Madagascar Monday morning because of a robbery happening in an agency of Bank of Africa in the capital last Tuesday.

Professionals of Banks said in their statement that since 2009, seven robberies to the banks were recorded in Madagascar, "representing significant harms".

The association called authorities in the country to "ensure safety and property of people to restore an environment conducive to the serene exercise of banking profession."

Most of Malagasy who used to do their banking operation on Mondays complained on disturbance on the decision taken by the banks. They said that they can use their credit card but the money they can extract on is limited.

According to the website of the Association of Professionals of Banks, Madagascar has 11 banks, and the association is chaired in 2012 by Jacques Dillet, who is also the CEO of Bank of Africa in Madagascar.