BANK ASIA LTD, CENTRAL TRADE SERVICES UNIT TEA BOARD BUILDING, DHAKA, Bangladesh
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| BIC Name / Bank name / Institution Name | BANK ASIA LTD |
| Bank Code / Institution Code | BALB |
| Country | BANGLADESH |
| Country Code (ISO 3166) | BD |
| City | DHAKA |
| City Code | DH The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | CENTRAL TRADE SERVICES UNIT |
| Branch Code | CTS |
| Swift Code / BIC Code |
BALBBDDHCTS
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| Address | TEA BOARD BUILDING |
| Zip Code / Postal Code | 1000 |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
| View Location on Google Map | |
| Whether Financial Institution IBAN Compliant | No, BANK ASIA LTD is not IBAN Compliant. |
| Save on International Payment Transfers | |
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 BANK ASIA LTD the first four characters from left BALB indicates that it is BANK ASIA LTD.
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of BANK ASIA LTD characters 5 and 6 from left BD indicates that bank is in BANGLADESH. It means that all the banks located in BANGLADESH will have BD 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 BANK ASIA LTD characters 7 and 8 from left DH indicates that bank is in DHAKA. It means that all the branches of BANK ASIA LTD located in DHAKA will have DH 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 BANK ASIA LTD characters 9 - 11 from left CTS indicates branch code. It means that BANK ASIA LTD Branch code: CTS is used for branches located at :TEA BOARD BUILDING. 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.