SWIFT/BIC code CNAEBGS1XXX
CNAEBGS1XXX belongs to Concord Asset Management in Sofia, Bulgaria.
Code details
| SWIFT/BIC code | CNAEBGS1XXX |
|---|---|
| 8-character code | CNAEBGS1 |
| Branch code | XXX |
| Bank | Concord Asset Management |
| Branch | Head office |
| City | Sofia |
| Country | Bulgaria |
The way the Concord Asset Management SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- CNAE Bank code
- 4 letters that identify the bank.
- BG Country code
- 2 letters for the country (ISO 3166).
- S1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution is behind SWIFT code CNAEBGS1XXX?
CNAEBGS1XXX identifies the main office of Concord Asset Management in Sofia, Bulgaria. Use it when you send money to an account at Concord Asset Management.
What does each part of CNAEBGS1XXX stand for?
CNAE is the institution code of Concord Asset Management, BG is the ISO code of Bulgaria, S1 is the location code and XXX marks the head office.
What is the cheapest way to send money to Concord Asset Management?
Banks often add 1–3% to the exchange rate on top of a fee. Compare what you receive in Bulgaria with specialist providers before you send.
Does Concord Asset Management use a single SWIFT/BIC code?
Yes – CNAEBGS1XXX is the only SWIFT/BIC code listed for Concord Asset Management in Bulgaria, so there is no branch code to choose.
Is CNAEBGS1 and CNAEBGS1XXX the same SWIFT code?
Yes. CNAEBGS1 is the short version of CNAEBGS1XXX. The XXX at the end only means head office, so both routes your payment to Concord Asset Management in Sofia.
Do I need CNAEBGS1XXX for a euro transfer to Bulgaria?
Bulgaria belongs to the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need CNAEBGS1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.