Starting from July 4, 2017, International Bank Account Number (IBAN) and Bank Identification Code assigned by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) will be used by Belgazprombank for non-cash settlements within Belarus and for non-cash cross-border settlements (BIC SWIFT).
The change in the account numbers and Bank Identification Code of Belgazprombank is stipulated by Resolutions of the Board of the National Bank of the Republic of Belarus No. 440 “On the Structure of the Account Number” (hereinafter – “Resolution No. 440”) dated July 27, 2015 and No. 472 “On Approving the Instructions on Procedures for Assigning Bank Identification Codes by the National Bank of the Republic of Belarus and Maintaining the Reference Book of Bank Identification Codes of Participants Carrying out Payments in the Territory of the Republic of Belarus” dated August 7, 2015.
The new structure of the account number and Bank Identification Code determined in accordance with international standards will allow to identify settlement participant in a unique manner, will accelerate the payment processing and reduce operational risks and costs when processing the payments.
The following steps will be followed by Belgazprombank in the framework of introduction of IBAN and BIC SWIFT:
- by December 1, 2016 IBAN numbers were assigned to all correspondent accounts, temporary and other accounts opened with Belgazprombank in the name of banks and non-banking financial institutions;
- till July 4, 2017 payment documents will be accepted / formed with the use of existing account numbers;
- starting from July 4, 2017 only new account numbers (IBAN format) will be used for settlements.
Since July 4, 2017 the current Bank Identification Code of Belgazprombank 153001742 will be changed to BIC SWIFT – OLMPBY2X.
For more detailed information please click here.
