MG COMMERCIAL BANK LIMITED, PORT VILA - SWIFT/BIC Code

MG COMMERCIAL BANK LIMITED, PORT VILA - SWIFT Code Information

SWIFT Code / BIC
MGCBVUVV
Bank / Institution
MG COMMERCIAL BANK LIMITED
Address
THE VILA MALL, FLOOR 1
City
PORT VILA
Postcode
678
Country
Vanuatu
Connection
Active
MGCBVUVV - SWIFT Code Breakdown
SWIFT Code
MGCBVUVV or MGCBVUVVXXX
Bank Code
MGCB - code assigned to MG COMMERCIAL BANK LIMITED
Country Code
VU - code belongs to Vanuatu
Location & Status
VV - represents location, second digit means active code
Branch Code
XXX or not assigned, indicating this is a head office

What is a SWIFT Code MGCBVUVV?

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.

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