Find SWIFT Codes in AZERBAIJAN

In order to send a SWIFT payment to AZERBAIJAN it is highly recommended to meet the following recommendations:

Remitter should obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, and beneficiary bank address). Payments to non-resident beneficiaries are classified into two categories: taxpayer and non-taxpayer.

a) Taxpayer non-resident (having Azerbaijani tax ID) can receive funds from a legal entity abroad showing clear purpose of transfer.
b) Non-taxpayer non-resident can only receive 'financial aid' from abroad with supporting documents.
c) Non-resident legal entity (taxpayers) can receive funds from abroad only with supporting documents (invoice, contract, other real business papers).

Payment Formatting Rules for AZN:
Ordering Customer (SWIFT MT103 F50): Include account number, full name (no initials), and address of the ordering customer. Use of initials can delay receipt of funds by the beneficiary.
Beneficiary Bank (SWIFT MT103 F57): Include beneficiary bank’s correspondent AZN account number, beneficiary bank’s tax identification number (TIN/VOEN), 6 digit BIK code, SWIFT BIC with branch identifier (where required), full name. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxAZxx or xxxxAZxxxxx.
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), 10 digit tax identification number (TIN/VOEN), full name (no initials), and full address of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. TIN/VOEN is not required for individuals.
Reason for Payment (SWIFT MT103 F70): In-depth purpose of payment must be provided. If the payment is for charitable purposes, this must be clearly stated or the beneficiary may be subject to a tax charge for income received.

For the following financial institutions in AZERBAIJAN you can find a list of their correspondent banks with the currencies and nostro accounts. Also you will find an instructions how to track the payments and other useful information which will help you to send/receive a SWIFT funds transfer or investigate a status of existing payment.

'BANK RESPUBLIKA' OPEN JOINT STOCK, COMPANY

'YELO BANK' OJSC

ACCESSBANK CJSC

AGRARKREDIT JOINT- STOCK NON- BANKING, CREDIT ORGANIZATION

AZER-TURK BANK OJSC

AZERBAIJAN INDUSTRY BANK OJSC

AZERPOST LIMITED LIABILITY COMPANY

BANK MELLI IRAN, BAKU BRANCH

BANK OF BAKU OPEN JOINT STOCK COMPANY

CAPITAL INVESTMENT BANK

CENTRAL BANK OF THE REPUBLIC OF, AZERBAIJAN

EXPRESSBANK OPEN JOINT STOCK COMPANY

KAPITAL BANK OPEN JOINT STOCK COMPANY

NAKHCHIVANBANK OJSC

NATIONAL DEPOSITORY CENTER OF THE, REPUBLIC OF AZERBAIJAN

OJSC VTB BANK (AZERBAIJAN)

PARA NON-BANK CREDIT ORGANIZATION OPEN, JOINT STOCK COMPANY

PASHA BANK OJSC

PREMIUM BANK OJSC

RABITABANK OPEN JOINT STOCK COMPANY

SAMSUNG ELECTRONICS CAUCASUS COMPANY

STATE OIL FUND OF THE REPUBLIC OF, AZERBAIJAN

STATE TREASURY AGENCY

THE INTERNATIONAL BANK OF AZERBAIJAN, OPEN JOINT-STOCK COMPANY

UNIBANK CB OJSC

XALQ BANK OPEN JOINT-STOCK COMPANY

YAPIKREDI AZERBAIJAN CLOSED JSC

ZIRAAT BANK AZERBAIJAN OJSC