ARAB BANK PLC, FOREIGN TRADE CENTER ITTIHAD STREET, DUBAI, United Arab Emirates
| BIC Name / Bank name / Institution Name | ARAB BANK PLC |
| Bank Code / Institution Code | ARAB |
| Country | UNITED ARAB EMIRATES |
| Country Code (ISO 3166) | AE |
| City | DUBAI |
| City Code | AD The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | FOREIGN TRADE CENTER |
| Branch Code | FTC |
| Swift Code / BIC Code |
ARABAEADFTC
|
| Address | ITTIHAD STREET |
| Zip Code / Postal Code | 11364 |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
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| Whether Bank IBAN Compliant | Yes, ARAB BANK PLC, is IBAN Compliant. |
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What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of ARAB BANK PLC the first four characters from left ARAB indicates that it is ARAB BANK PLC.
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of ARAB BANK PLC characters 5 and 6 from left AE indicates that bank is in UNITED ARAB EMIRATES. It means that all the banks located in UNITED ARAB EMIRATES will have AE at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of ARAB BANK PLC characters 7 and 8 from left AD indicates that bank is in DUBAI. It means that all the branches of ARAB BANK PLC located in DUBAI will have AD at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of ARAB BANK PLC characters 9 - 11 from left FTC indicates branch code. It means that ARAB BANK PLC Branch code: FTC is used for branches located at :ITTIHAD STREET. If XXX are in 9-11 place then it means that it is the Head Office of Bank / Financial institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.