In today's globalized financial landscape, ensuring the security and speed of international money transfers has become increasingly important. A crucial element in this process is the SWIFT/BIC code, which serves as both an identifier for financial institutions and a guarantee for timely transaction processing.
For those conducting transactions with Bank of Baroda (Kenya) Ltd, located in Kakamega, Kenya, the essential SWIFT code is BARBKENAKAK. This financial institution, situated at Kenyatta Avenue, Kakamega, Kakamega, 50100, Kenya, requires the correct use of its SWIFT code to prevent potential delays or misdirected funds during international transfers.
Understanding SWIFT Code Structure
The BARBKENAKAK code follows the standard SWIFT format, consisting of distinct components:
- Bank Code: "BARB" identifies Bank of Baroda
- Country Code: "KE" represents Kenya
- Location Code: "NAK" specifies the particular branch
Verifying the accuracy of SWIFT codes before initiating international transactions remains a fundamental step in financial services. Whether for personal remittances or corporate transactions involving Bank of Baroda (Kenya) Ltd, using the correct BARBKENAKAK SWIFT/BIC code significantly enhances transfer efficiency and ensures funds reach their intended destination securely.
Financial experts emphasize that attention to these details not only streamlines the transfer process but also contributes to maintaining the integrity of international banking operations.