SWIFT/BIC code MUGAAZ22XXX
MUGAAZ22XXX belongs to Muganbank OJSC in Baku, Azerbaijan.
Code details
| SWIFT/BIC code | MUGAAZ22XXX |
|---|---|
| 8-character code | MUGAAZ22 |
| Branch code | XXX |
| Bank | Muganbank OJSC |
| Branch | Head office |
| City | Baku |
| Country | Azerbaijan |
The way the Muganbank OJSC SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MUGA Bank code
- 4 letters that identify the bank.
- AZ Country code
- 2 letters for the country (ISO 3166).
- 22 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
What bank uses SWIFT/BIC code MUGAAZ22XXX?
The code MUGAAZ22XXX belongs to the headquarters of Muganbank OJSC in Baku, Azerbaijan. Use it when a payment to Muganbank OJSC does not need a specific branch.
Are MUGAAZ22 and MUGAAZ22XXX the same code?
Yes, they are. MUGAAZ22 is the short version of MUGAAZ22XXX. The XXX at the end only refers to the head office, so both routes your payment to Muganbank OJSC in Baku.
What is the best way to send money to Muganbank OJSC in Azerbaijan?
Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Azerbaijan with transfer services before you send – the difference can be large.
What do I need to send money to an account at Muganbank OJSC?
You need the SWIFT/BIC code MUGAAZ22XXX, the IBAN or local account number of the recipientand the name of the account holder. Azerbaijan uses international SWIFT transfers, so the BIC is required.
What do the letters in MUGAAZ22XXX stand for?
MUGA is the bank code of Muganbank OJSC, AZ stands for Azerbaijan, 22 is the location code and XXX marks the head office.
What happens if I use MUGAAZ22XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check MUGAAZ22XXX against the details from Muganbank OJSC before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.