The SWIFT Code /BIC BDACEGCA086 is issued by PRINCIPAL BANK FOR DEVELOPMENT AND AGRICULTURAL CREDIT. The bank branch for the SWIFT Code is (EL MENIA BRANCH).





Here are the BANK details for this SWIFT CODE

BANK:PRINCIPAL BANK FOR DEVELOPMENT AND AGRICULTURAL CREDIT
Bank Code:BDAC
City and Address:EL MENIA ()
Validity Check This SWIFT CODE is Valid
COUNTRY: EG , Egypt
Bank Branch: (EL MENIA BRANCH)
BIC /SWIFT Code:BDACEGCA086

Now let's take a look at the SWIFT code components breakdown

Bank Name PRINCIPAL BANK FOR DEVELOPMENT AND AGRICULTURAL CREDIT, EL MENIA
SWIFT Code (BIC) BDACEGCA086
Bank Code BDAC
Country Code EG
Location Code CA
Branch Code 086
About Egypt

Egypt (Arabic: مصر Miṣr [mesˁr], Egyptian Arabic pronunciation: [mɑsˤr]), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and the Sinai Peninsula in the southwest corner of Asia. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world, and the third-most populated in Africa, behind Nigeria and Ethiopia.

Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, urbanisation, organised religion and central government. Egypt's long and rich cultural heritage is an integral part of its national identity, which reflects its unique transcontinental location being simultaneously Mediterranean, Middle Eastern and North African. Egypt was an early and important centre of Christianity, but was largely Islamised in the seventh century. Modern Egypt dates back to 1922, when it gained independence from the British Empire as a monarchy. Following the 1952 revolution, Egypt declared itself a republic, and in 1958 it merged with Syria to form the United Arab Republic, which dissolved in 1961. Throughout the second half of the 20th century, Egypt endured social and religious strife and political instability, fighting several armed conflicts with Israel in 1948, 1956, 1967 and 1973, and occupying the Gaza Strip intermittently until 1967. In 1978, Egypt signed the Camp David Accords, officially withdrawing from the Gaza Strip and recognising Israel. After the Arab Spring, which led to the 2011 Egyptian revolution and overthrow of Hosni Mubarak, the country faced a protracted period of political unrest.

Egypt's current government, a semi-presidential republic led by Abdel Fattah el-Sisi since 2014, has been described by a number of watchdogs as authoritarian and responsible for perpetuating the country's poor human rights record. Islam is the official religion of Egypt and Arabic is its official language. The great majority of its people live near the banks of the Nile River, an area of about 40,000 square kilometres (15,000 sq mi), where the only arable land is found. The large regions of the Sahara desert, which constitute most of Egypt's territory, are sparsely inhabited. About 43% of Egypt's residents live across the country's urban areas, with most spread across the densely populated centres of greater Cairo, Alexandria and other major cities in the Nile Delta.

Egypt is considered to be a regional power in North Africa, the Middle East and the Muslim world, and a middle power worldwide. It is a developing country having a diversified economy, which is the third-largest in Africa, the 39th-largest economy by nominal GDP and 128th by nominal GDP per capita. Egypt is a founding member of the United Nations, the Non-Aligned Movement, the Arab League, the African Union, Organisation of Islamic Cooperation and the World Youth Forum.


Check for SWIFT / BIC

What is a SWIFT CODE CHECKER?

A SWIFT code checker is an online tool or service that allows you to verify the accuracy of a SWIFT code. SWIFT codes, also known as BIC (Bank Identifier Code) or SWIFT-BIC codes, are unique identification codes used by banks and financial institutions worldwide for international money transfers. These codes consist of letters and numbers and help ensure that funds are sent to the correct destination.


A SWIFT code checker typically functions by allowing you to enter a SWIFT code, and it then provides information about the bank or financial institution associated with that code. This information may include the bank's name, location, and sometimes additional details like branch information.


Using a SWIFT code checker can help you confirm that you have the correct SWIFT code when sending or receiving international payments, reducing the risk of errors and ensuring that your money reaches its intended recipient. It's a useful tool for individuals and businesses engaged in international financial transactions.


What is SWIFT CODE or BIC ?

A SWIFT code, also known as a Bank Identifier Code (BIC), is a unique identification code used by banks and financial institutions worldwide. It serves as a standardized way to identify a particular bank or financial institution during international financial transactions, particularly for wire transfers and electronic communication between banks.

SWIFT codes consist of a combination of letters and numbers, typically 8 to 11 characters long. Each part of the code has a specific meaning:

  1. Bank Code: The first four letters represent the bank or financial institution's name or acronym. This part of the code identifies the institution itself.

  2. Country Code: The next two letters represent the country in which the bank is located. They indicate the country where the bank is registered or headquartered.

  3. Location Code: The following two letters (or digits) can further specify the location of the bank, often indicating the city or branch where the account is held. This part is optional and not always present in all SWIFT codes.

  4. Branch Code (Optional): In some cases, the last three digits (or characters) of the SWIFT code can represent a specific branch of the bank. This part is also optional and may not be included in all SWIFT codes.

SWIFT codes are crucial for international money transfers because they help ensure that funds are sent to the correct destination. When you initiate an international payment, you'll need to provide the SWIFT code of the recipient bank, along with other account details, to ensure that the money reaches the intended recipient's account. It's a standardized system that facilitates secure and efficient cross-border financial transactions.