Eritrea Bank Swift Code and BIC Code
|1||BANK OF ERITREA||ASMARA||BOERERAI|
|2||COMMERCIAL BANK OF ERITREA||ASMARA||CBERERAI|
|3||HOUSING AND COMMERCE BANK OF ER||ASMARA||HCBEERAI|
What is Eritrea SWIFT Code?
SWIFT code is a standard format of Bank Identifier Codes (BIC) and serves as a unique identifier for a bank or financial institution.
These codes are used when transferring money between banks, particularly for international wire transfers. On top of that, the code is used to transmit messages between financial institutions and banks in the Eritrea.
The SWIFT code can be either 8 or 11 characters long and 8 digits code refers to the primary office. The format of SWIFT Code is as follows;
AAAA ER CC DDD
- The first 4 characters ("AAAA") specify the bank. Only letters are allowed.
- The next 2 characters ("ER") specify the country. It use the format of ISO 3166-1 alpha-2 country code.
- The next 2 characters ("CC") specify the location. Letters and digits are allowed. Passive participant will have "1" in the second character
- The last 3 characters ("DDD") specify the branch. This is an optional. A 'XXX' refer to primary office. Letters and digits are allowed.
Eritrea officially the State of Eritrea, is a country in the Horn of Africa in East Africa, with its capital at Asmara. It is bordered by Sudan in the west, Ethiopia in the south, and Djibouti in the southeast. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. The nation has a total area of approximately 117,600 km², and includes the Dahlak Archipelago and several of the Hanish Islands.