In today's global financial system, international money transfers have become increasingly vital. Yet many individuals and businesses face confusion when attempting to send or receive cross-border payments, particularly when selecting the correct banking details and SWIFT codes.
AFG Bank Gabon: Key Information
AFG Bank Gabon, formerly known as Banque Internationale pour le Commerce et l'Industrie du Gabon, is headquartered in Libreville, Gabon's capital. The institution's SWIFT code is AFGGGALXXXX , serving as the crucial identifier for international transactions.
To comprehend the significance of this code, it's essential to understand SWIFT code structure. These codes contain 8 to 11 characters where:
- The first four characters (AFGG) represent the bank code
- The following two characters (GA) indicate the country code (Gabon)
- The next two characters (L) show the location code
- The final three characters (XXX) typically identify specific branches
Ensuring Accurate Transfers
The bank's complete address is 713 Avenue du Colonel Parant, Libreville, Estuaire . When initiating international wire transfers, providing both the correct SWIFT code and precise physical address helps guarantee funds reach their destination promptly and securely.
Financial experts emphasize that accuracy in these details forms the foundation of secure transactions, particularly for cross-border payments where errors can cause significant delays or complications.
The SWIFT Network's Global Role
The SWIFT (Society for Worldwide Interbank Financial Telecommunication) system operates as a vast messaging network connecting financial institutions worldwide. This standardized communication framework enables banks to process international payments efficiently while maintaining security protocols.
For both individual and corporate clients conducting global business, understanding essential banking information—particularly SWIFT codes—remains fundamental to ensuring transaction efficiency and security.
When preparing international transfers to Gabon through AFG Bank, verifying the SWIFT code AFGGGALXXXX and associated banking details represents a critical step in mitigating financial risks and ensuring smooth transactions within the global marketplace.