Swift Code / BIC (Bank Identifier Code) Details for SECTLV21961

SECTLV21961 is the swift code for Branch of SAMSUNG ELECTRONICS BALTICS Bank in RIGA Latvia. The Branch Code for this swift code is 961. This swift code belongs to a financial institution.

Swift Code is also known as SWIFT-BIC, BIC (Bank Identifier Code), or SWIFT ID. Bank Identifier Code or BIC for SAMSUNG ELECTRONICS BALTICS is also SECTLV21961 .

Swift Code / BIC (Bank Identifier Code)
Bank SAMSUNG ELECTRONICS BALTICS
Branch
City RIGA
Country Latvia Latvia
Branch Code 961
Address DUNTES IELA 6 RIGA LATVIA
Postal Code -
Type of institution Financial Institution

What is a SWIFT Code / BIC (Bank Identifier Code)

Swift Code is a unique identification code for a particular bank. It is a standard format for Business Identifier Codes (BICs, previously known as Bank Identifier Codes). It is technically used to identify banks and financial institutions globally distinctively - it says who and where they are. People use these codes to transfer money within banks for international wire transfers (the reason you're probably here looking up for info). SWIFT codes and BIC codes are same and the terms are interchangeable.


Parts of Swift Code SECTLV21961

Swift codes are usually formed of 8 (or) 11 characters. You can understand that a swift code or BIC refers to a primary office when it's formatted in an 8-digit code. The codes are arranged in the following manner:

SECT LV 21 961
  • Bank Code (A-Z) - 4 letter code. The first four letters indicate the shortened version of a bank's name. The Bank Code for this is SECT.
  • Country Code (A-Z) - 2 letter code. The second two letters say the name of the country in which the bank is located. The Country Code for this is LV. The country corresponding to this country code is Latvia.
  • Location Code (0-9) (A-Z) - A 2 digit code that could be either two letters or numbers. It says where the bank's head office is located. The Location Code for this is 21.
  • Branch Code - This is an optional 3-digit code. It states a particular branch instead of the bank's head office. The Branch Code for this is 961.

4 Letter Bank Code 2 Letter Country Code 2 Letter Location Code 3 Letter Branch Code
SECT LV 21 961