Complete Guide to Bank BIC Namibia and SWIFT Codes

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In Namibia, bank BIC and SWIFT codes are essential for international transactions, and understanding them can help you navigate the banking system with ease.

A BIC, or Business Identifier Code, is a unique 8-11 character code assigned to a bank, while a SWIFT code is a subset of the BIC that identifies a specific branch.

To find your bank's BIC and SWIFT code in Namibia, you can check the bank's website, contact their customer service, or look for the code on your bank statement.

Your bank's BIC and SWIFT code is usually displayed on your bank's website, making it easily accessible for your convenience.

What is a SWIFT Code?

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.

Credit: youtube.com, What Is a SWIFT Code / BIC Code and How Does It Work? | N26

A SWIFT code comprises 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.

Here's the breakdown of a SWIFT code:

  • 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)

SWIFT codes are formatted as follows: AAAABBCCDDD

Bank BIC Namibia Overview

Bank BIC Namibia is a financial institution based in Windhoek, Namibia.

The bank has a SWIFT code of BBNLNANA.

Bank BIC Namibia is listed as one of the banks in Namibia that has an active SWIFT code.

Here is a list of the banks in Namibia with active SWIFT codes:

Branch Network

The bank's headquarters is located at Dr. Agostinho Neto Road, Ausspannplatz, Windhoek, in the central business district of the country's capital city.

The bank has a total of 5 branches across the country.

The main branch is located at Dr. Agostinho Neto Road, Unit 6 & 5, Ausspann Plaza, Windhoek.

The Prosperita Branch is situated at Gold Street, Prosperita Industrial Area, Windhoek.

Credit: youtube.com, BIC, Angolan Bank opens two branches in Namibia

The Walvis Bay Branch is located at 12th Road, Walvis Bay.

The Rundu Branch is at Eugene Kakukuru Street, Shop GF029, Rundu Mall, Rundu.

The Ongwediva Branch is at Unit 123, Oshana Mall, Ongwediva.

Here's a list of the bank's branches:

  1. Main Branch: Dr. Agostinho Neto Road, Unit 6 & 5, Ausspann Plaza, Windhoek.
  2. Prosperita Branch: Gold Street, Prosperita Industrial Area, Windhoek.
  3. Walvis Bay Branch: 12th Road, Walvis Bay.
  4. Rundu Branch: Eugene Kakukuru Street, Shop GF029, Rundu Mall, Rundu
  5. Ongwediva Branch: Unit 123, Oshana Mall, Ongwediva.

Governance

The bank's governance structure is overseen by a five-person board of directors.

The board has a clear leadership hierarchy, with Jaime Pedro Galhóz Pereira serving as the chairperson as of January 2019.

Lindsay Peter Crawford is the CEO of the bank, leading the Board Executive Team.

Mauro Rogério also plays a key role as an executive director.

The board's leadership is rounded out by Hugo Miguel Mendes Teles as vice-chairman.

SWIFT Code Details

A SWIFT code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch, used when transferring money between banks, particularly for international wire transfers.

SWIFT codes comprise of 8 or 11 characters, formatted as follows: AAAABBCCDDD, where the first 4 characters are the bank code, the next 2 characters are the ISO 3166-1 alpha-2 country code, and the last 3 characters are the branch code, optional - 'XXX' for primary office.

Credit: youtube.com, EASIEST Way To Get Swift/BIC Code Of Any Bank || How To Find SWIFT or BIC Code For Banks

The downside of international transfers with your bank is that you might lose out on a bad exchange rate and pay hidden fees as a result, but you can use a service like Wise (formerly TransferWise) to get a great exchange rate and a low, upfront fee every time.

BANK BIC NAMIBIA LIMITED's SWIFT code is BBNLNANA, which can be used for a SWIFT funds transfer, and you can send SWIFT payments to BANK BIC NAMIBIA LIMITED without specifying correspondent banks, but you can also manually choose one if you want.

Here's a list of some of the active SWIFT codes for banks in Namibia:

You can use the first 8 symbols of a SWIFT code without the branch code for a SWIFT funds transfer, but it's recommended to double-check with the bank to confirm.

Frequently Asked Questions

What is the BIC code for Standard bank Namibia?

The BIC code for Standard Bank Namibia is SBNMNANX. This unique code is used for international transactions and is also known as a SWIFT code.

Is bank BIC same as SWIFT?

Yes, a BIC code and a SWIFT code are essentially the same thing, used interchangeably by banks and financial institutions.

Where can I find bank BIC code?

You can find your bank BIC code on your bank statements, online banking account, or by contacting your local bank branch. Check these sources for the code you need for international payments.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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