KVIKA BANKI HF., REYKJAVIK - SWIFT/BIC Code

KVIKA BANKI HF., REYKJAVIK - SWIFT Code Information

SWIFT Code / BIC

MPBAISRE

Bank / Institution

KVIKA BANKI HF.

Address

BORGARTUNI 25

City

REYKJAVIK

Postcode

105

Country

Iceland

Connection

Active

MPBAISRE - SWIFT Code Breakdown

SWIFT Code

MPBAISRE or MPBAISREXXX

Bank Code

MPBA - code assigned to KVIKA BANKI 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 MPBAISRE?

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.