In the global financial system, SWIFT/BIC codes serve as critical identifiers for secure transactions between banks. These unique codes not only pinpoint specific banks and their branches but also ensure the smooth transfer of funds to their intended destinations. Among these, the SWIFT code for central banks holds particular importance.
The CENTRAL BANK OF EGYPT CAIRO operates with the SWIFT/BIC code CBEGEGCAPRT . This 8-11 character alphanumeric sequence contains detailed information about the financial institution:
- Bank Code (CBEG): The first four letters identify the Central Bank of Egypt.
- Country Code (EG): These two characters designate Egypt as the bank's location.
- Location Code (CA): Indicates the bank's headquarters in Cairo.
- Branch Code (PRT): The final three digits specify particular branches, with "XXX" typically representing the primary office.
For the CENTRAL BANK OF EGYPT CAIRO, the full SWIFT code is CBEGEGCAPRT , while the shortened 8-character version appears as CBEGEGCA . The institution's main branch is located at 35 EL-GOMHOREYA STREET in PORT SAID.
Ensuring Accurate International Transfers
When conducting cross-border transactions, verifying the correct SWIFT code proves essential to avoid processing delays or failed transfers. Financial experts recommend these verification steps:
- Confirm Bank Details: Double-check that the recipient's bank name precisely matches the SWIFT code provided.
- Verify Branch Information: When using branch-specific codes, ensure alignment with the recipient's designated branch.
- Validate Country Codes: Given the international presence of many financial institutions, confirming the correct country code prevents misdirected payments.
In international finance, accurate SWIFT codes significantly enhance transaction efficiency while minimizing operational risks. Both individuals and corporations benefit from understanding these banking identifiers, as they facilitate better control over global financial movements.