SWIFT Codes
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Find SWIFT Codes or BIC Codes across all the banks in the world. Swift code is used while transferring money between banks, particularly for international wire transfers.
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 LOITA INVESTMENT BANK LIMITED,,BLANTYRE,Malawi SWIFT CODE:LOIIMWMWXXX

Bank

LOITA INVESTMENT BANK LIMITED

SWIFT Code

LOIIMWMWXXX

Branch
City BLANTYRE
Country Malawi
SWIFT Code/ BIC Code Format:
The SWIFT code is 8 or 11 characters: - LOIIMWMWXXX  
  • 4 letters: Institution Code or bank code. - LOII MWMWXXX
  • 2 letters: ISO 3166-1 alpha-2 country code. - LOII MW MWXXX
  • 2 letters or digits: location code. - LOIIMW MW XXX
    Second character is "0": Then it is a test BIC as opposed to a BIC used on the live network.
    Second character is "1": Then it denotes a passive participant in the SWIFT network
    Second character is "2": Then it indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
  • 3 letters or digits: branch code, optional ("XXX" for primary office) LOIIMWMW XXX
    Where an 8-digit code is given, it may be assumed that it refers to the primary office.

    SWIFT Code/ BIC Code:
    Society for Worldwide Interbank Financial Telecommunication(SWIFT) has defined standard format of Business Identifier Codes which is called as SWIFT code or BIC Code. It acts as a unique identification code for both financial and non-financial institutions. Swift code is used while transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. SWIFT handles the registration of SWIFT codes across the world.

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      What is SWIFT Code/BIC Code?
    Society for Worldwide Interbank Financial Telecommunication(SWIFT) has defined standard format of Business Identifier Codes which is called as SWIFT code or BIC Code. It acts as a unique identification code for both financial and non-financial institutions. Swift code is used while transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. SWIFT handles the registration of SWIFT codes across the world. Read more..
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