MUGANBANK OJSC, BAKU - SWIFT/BIC Code

MUGANBANK OJSC, BAKU - SWIFT Code Information

SWIFT Code / BIC

MUGAAZ22

Bank / Institution

MUGANBANK OJSC

Address

A. RAJABLI 21B

City

BAKU

Postcode

AZ1075

Country

Azerbaijan

Connection

Active

MUGAAZ22 - SWIFT Code Breakdown

SWIFT Code

MUGAAZ22 or MUGAAZ22XXX

Bank Code

MUGA - code assigned to MUGANBANK OJSC

Country Code

AZ - code belongs to Azerbaijan

Location & Status

22 - represents location, second digit means active code

Branch Code

XXX or not assigned, indicating this is a head office

What is a SWIFT Code MUGAAZ22?

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.