In modern financial transactions, SWIFT/BIC codes play a critical role, particularly for international wire transfers. For those conducting business with JSC CB PRIVATBANK, understanding its unique identifier ensures funds reach their destination securely and efficiently.
The Official SWIFT Code
JSC CB PRIVATBANK's primary SWIFT code is PBANUA2XHRN . This alphanumeric sequence serves as the bank's unique identifier within the global financial network, facilitating accurate routing of cross-border payments. When initiating transfers from abroad, this code must be provided to direct funds to the Ukrainian institution.
Bank Location Details
The bank's headquarters are located at Hrushevskoho Street, 1D, Kyiv, Kyiv, 01001 , Ukraine. For international transactions, senders should verify they have the complete address along with the SWIFT code. This attention to detail prevents processing delays that might occur with incomplete or inaccurate information.
Decoding the SWIFT Structure
The standardized SWIFT/BIC format contains meaningful components:
PBAN
- Bank code (identifies PRIVATBANK)
UA
- Country code (Ukraine)
2X
- Location code (Kyiv)
HRN
- Optional branch identifier
Verification Protocol
Financial institutions recommend double-checking SWIFT codes before initiating transfers. Given the irreversible nature of wire transfers and the substantial sums often involved, confirming the code's validity through official bank channels prevents costly errors. The consequences of incorrect routing information range from delayed access to funds to complete transaction failure.
Understanding and properly utilizing JSC CB PRIVATBANK's SWIFT/BIC code enables seamless international money movement. Whether for personal remittances or commercial transactions, precision in financial documentation remains paramount for successful global banking operations.