ISTITUTO PER LE OPERE DI RELIGIONE

The Institute for the Works of Religion (Italian: Istituto per le Opere di Religione; Latin: Institutum pro Operibus Religionis; abbreviated IOR),[4][5] commonly known as the Vatican Bank, is a financial institution[2] that is situated inside Vatican City and run by a Board of Superintendence, which reports to a Commission of Cardinals and the Pope. It is not a private bank, as there are no owners or shareholders; it has been established in the form of a juridical canonical foundation, pursuant to its statutes.[2] Since 9 July 2014, its president is Jean-Baptiste de Franssu. The IOR is regulated by the Vatican's financial supervisory body ASIF (Autorità di Supervisione e Informazione Finanziaria).[6]

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ISTITUTO PER LE OPERE DI RELIGIONE SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Vatican City
VATICAN CITY
/
IOPRVAVX
2
Vatican City
VATICAN CITY
/
IOPRVAVXXXX
  • Total: 2
  • 1

About ISTITUTO PER LE OPERE DI RELIGIONE

  • Company type
    Juridical canonical foundation [ 2 ]
  • Industry
    Financial services
  • Founded
    27 June 1942 (absorption of the Administration of the Works of Religion)
  • Headquarters
    Vatican City
  • Key people
    Jean-Baptiste de Franssu (President) Gian Franco Mammì ( General Director )
  • Number of employees
    107 (2023) [ 3 ] [ page needed ]
  • Website
    ior.va

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does ISTITUTO PER LE OPERE DI RELIGIONE have different SWIFT Codes?

ISTITUTO PER LE OPERE DI RELIGIONE operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process ISTITUTO PER LE OPERE DI RELIGIONE's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of ISTITUTO PER LE OPERE DI RELIGIONE to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of ISTITUTO PER LE OPERE DI RELIGIONE, you can log on to the official website of ISTITUTO PER LE OPERE DI RELIGIONE, or search the current page of XTransfer, or call ISTITUTO PER LE OPERE DI RELIGIONE to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like ISTITUTO PER LE OPERE DI RELIGIONE?

Usually, SWIFT Code consists of 8 or 11 characters. For ISTITUTO PER LE OPERE DI RELIGIONE, the first 4 digits represent the bank code, which is the same for ISTITUTO PER LE OPERE DI RELIGIONE worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for ISTITUTO PER LE OPERE DI RELIGIONE be updated or changed?

Yes. When ISTITUTO PER LE OPERE DI RELIGIONE undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where ISTITUTO PER LE OPERE DI RELIGIONE is located, its SWIFT Code may be updated and changed. ISTITUTO PER LE OPERE DI RELIGIONE will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of ISTITUTO PER LE OPERE DI RELIGIONE in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of ISTITUTO PER LE OPERE DI RELIGIONE support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of ISTITUTO PER LE OPERE DI RELIGIONE supports the corresponding business.