BORGUN HF, REYKJAVIK - SWIFT/BIC Code

BORGUN HF, REYKJAVIK - SWIFT Code Information

SWIFT Code / BIC

BORGISRE

Bank / Institution

BORGUN HF

Address

30 ARMULI

City

REYKJAVIK

Postcode

108

Country

Iceland

Connection

Active

BORGISRE - SWIFT Code Breakdown

SWIFT Code

BORGISRE or BORGISREXXX

Bank Code

BORG - code assigned to BORGUN HF

Country Code

IS - code belongs to Iceland

Location & Status

RE - represents location, second digit means active code

Branch Code

XXX or not assigned, indicating this is a head office

What is a SWIFT Code BORGISRE?

A SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

First 4 characters - bank code (only letters)
Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.