SPAREBANKEN VEST

Sparebanken Vest (OSE: SVEG) is the third largest savings bank in Norway, and the country's second oldest bank. Its predecessor, Bergens Sparebank, was established in 1823. The main offices lie in Bergen, though the bank has branches throughout Hordaland, Sogn og Fjordane and Rogaland. Sparebanken Vest was previously a member of the SpareBank1 alliance.[1]

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SPAREBANKEN VEST SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Norway
BERGEN
/
SPAVNOBB
2
Norway
BREMNES
/
SPAVNOBBBRE
3
Norway
ODDA
/
SPAVNOBBDDA
4
Norway
FJELL
/
SPAVNOBBFJE
5
Norway
OS
/
SPAVNOBBOSO
6
Norway
STORD
/
SPAVNOBBSTO
7
Norway
BERGEN
/
SPAVNOBBXXX
  • Total: 7
  • 1

About SPAREBANKEN VEST

  • Company type
    Savings bank
  • Industry
    Banking
  • Founded
    1823
  • Headquarters
    Bergen , Norway
  • Revenue
    NOK 55,7 billion
  • Number of employees
    732
  • Website
    www.spv.no

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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 SPAREBANKEN VEST have different SWIFT Codes?

SPAREBANKEN VEST operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process SPAREBANKEN VEST'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 SPAREBANKEN VEST to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of SPAREBANKEN VEST, you can log on to the official website of SPAREBANKEN VEST, or search the current page of XTransfer, or call SPAREBANKEN VEST 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 SPAREBANKEN VEST?

Usually, SWIFT Code consists of 8 or 11 characters. For SPAREBANKEN VEST, the first 4 digits represent the bank code, which is the same for SPAREBANKEN VEST 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 SPAREBANKEN VEST be updated or changed?

Yes. When SPAREBANKEN VEST 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 SPAREBANKEN VEST is located, its SWIFT Code may be updated and changed. SPAREBANKEN VEST 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 SPAREBANKEN VEST in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of SPAREBANKEN VEST 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 SPAREBANKEN VEST supports the corresponding business.