STANBIC IBTC BANK PLC, LAGOS - SWIFT/BIC Code

STANBIC IBTC BANK PLC, LAGOS - SWIFT Code Information

SWIFT Code / BIC

SBICNGLB

Bank / Institution

STANBIC IBTC BANK PLC

Address

I.B.T.C. PLACE, WALTER CARRINGTON CRESCENT, VICTORIA ISLAND

City

LAGOS

Postcode

101007

Country

Nigeria

Connection

Active

SBICNGLB - SWIFT Code Breakdown

SWIFT Code

SBICNGLB or SBICNGLBXXX

Bank Code

SBIC - code assigned to STANBIC IBTC BANK PLC

Country Code

NG - code belongs to Nigeria

Location & Status

LB - represents location, second digit means active code

Branch Code

XXX or not assigned, indicating this is a head office

What is a SWIFT Code SBICNGLB?

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.