National Commercial Bank SWIFTBIC Code Essential Guide

Published: 08/12/2025
international remittance SWIFT code funds security
The article explains how to properly use the NATIONAL COMMERCIAL BANK's SWIFT/BIC code LNCBLYLT069 to ensure smooth international remittances. It emphasizes the structure and application tips of the code, and advises verifying bank information before making a transfer to ensure the security of funds.
National Commercial Bank SWIFTBIC Code Essential Guide

In international money transfers, selecting the correct SWIFT/BIC code is crucial, especially when dealing with transactions between banks in different countries. For individuals or companies looking to transfer funds to Libya's National Commercial Bank, understanding how to use its SWIFT code LNCBLYLT069 is essential to ensure secure and accurate delivery of funds.

Understanding the SWIFT Code Structure

The National Commercial Bank's SWIFT code is LNCBLYLT069 . Located in Sebha, Libya, with its address listed as SEBHA, SABHA, the bank uses this unique identifier for global financial transactions. SWIFT codes serve to precisely identify banks and their branches worldwide, and using the correct code helps prevent unnecessary delays or misdirected transfers.

SWIFT codes follow a distinctive composition pattern, typically consisting of either 8 or 11 characters:

  • The first 4 characters represent the bank's identifier ( LNCB for National Commercial Bank)
  • The next 2 characters indicate the country code ( LY for Libya)
  • The following 2 characters specify the location ( LT for Sebha)
  • The optional last 3 characters identify the specific branch ( 069 in this case)

Key Considerations Before Transferring Funds

Before initiating any international transfer, it's critical to:

  • Verify the recipient-provided SWIFT/BIC code for accuracy
  • Double-check the receiving bank's account information to ensure completeness
  • Confirm all necessary details with the recipient beforehand

While the National Commercial Bank's SWIFT code ensures funds reach their intended destination, any errors in providing accompanying information may still result in delays or failed transactions. Thorough preparation and verification remain fundamental to successful international banking operations.

In today's global financial landscape, international money transfers have become commonplace, and the correct use of SWIFT codes plays an indispensable role in this process. Proper preparation and attention to detail are key to smooth cross-border transactions.

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