The Single Euro Payment Area (SEPA) aims to create an integrated market for electronic payments in euro with no differences between national and cross-border payments. Regulation (EU) No 260/2012 of the European Parliament and of the Council or the so-called SEPA Migration End-Date Regulation establishing technical and business requirements for credit transfers and direct debits in euro provides that as of 1 August 2014 payments throughout SEPA shall be made on the basis of the unique payment account identifier IBAN*.

The SEPA Migration End-Date Regulation lays down that as of 1 January 2014, within SEPA, including Latvia, the payment service provider no longer requires the  payment service user to indicate the BIC** of the payer or payee's payment service provider for national payments. A similar requirement regarding cross-border payment transactions is applicable from 1 February 2016. 

The structure of Latvia's IBAN is described in the international standard ISO 13616, for which SWIFT is the designated Registration Authority: http://www.swift.com/dsp/resources/documents/IBAN_Registry.pdf

IBAN SWIFT en

For example:

  Payment service provider IBAN structure BIC
1. AS BLUEORANGE BANK LV**CBBR **** **** **** * CBBR LV22XXX
2. ABLV BANK, AS LV**AIZK **** **** **** * AIZK LV22XXX
3. LUMINOR BANK AS LV**RIKO **** **** **** * RIKO LV2XXXX
4. AS EXPOBANK LV**LATC **** **** **** * LATC LV22XXX
5 AS "PRIVATBANK" LV**PRTT **** **** **** * PRTT LV22XXX
6. AS "SEB BANKA" LV**UNLA **** **** **** * UNLA LV2XXXX
7. AS "MERIDIAN TRADE BANK" LV**MULT **** **** **** * MULT LV2XXXX
8. "SWEDBANK", AS LV**HABA **** **** **** * HABA LV22XXX
9. SABIEDRĪBA AR IEROBEŽOTU ATBILDĪBU
"BALTICPAY CORPORATION"
LV**BLOI **** **** **** * BLOI LV21XXX
10. SIGNET BANK AS LV**LLBB **** **** **** * LLBB LV2XXXX
11. AKCIJU SABIEDRĪBA "CITADELE BANKA" LV**PARX **** **** **** * PARX LV22XXX
12. AKCIJU SABIEDRĪBA "BALTIC INTERNATIONAL BANK" LV**BLIB **** **** **** * BLIB LV22XXX
13. AKCIJU SABIEDRĪBA "REĢIONĀLĀ INVESTĪCIJU BANKA" LV**RIBR **** **** **** * RIBR LV22XXX
14. LATVIJAS BANKA LV**LACB **** **** **** * LACB LV2XXXX
15. AKCIJU SABIEDRĪBA "LATVIJAS PASTA BANKA" LV**LAPB **** **** **** * LAPB LV2XXXX
16. LATVIJAS TIRDZNIECĪBAS FLOTES JŪRNIEKU ARODBIEDRĪBAS
KOOPERATĪVĀ KRĀJAIZDEVU SABIEDRĪBA "JŪRNIEKU FORUMS"
LV**LKJF **** **** **** * LKJF LV21XXX
17. AS "NORVIK BANKA" LV**LATB **** **** **** * LATB LV22XXX
18. AKCIJU SABIEDRĪBA "RIETUMU BANKA" LV**RTMB **** **** **** * RTMB LV2XXXX
19. RIGENSIS BANK AS LV**RGNS **** **** **** * RGNS LV22XXX
20. SABIEDRĪBA AR IEROBEŽOTU ATBILDĪBU "TRANSACT PRO" LV**TPRO **** **** **** * TPRO LV22XXX
21. VALSTS AKCIJU SABIEDRĪBA "LATVIJAS PASTS" LV**LPNS **** **** **** * LPNS LV21XXX
22. "STREAMPAY" AS LV**LLST **** **** **** * LLST LV22XXX
23. THE TREASURY OF THE REPUBLIC OF LATVIA LV**TREL **** **** **** * TREL LV22XXX
24. AKTSIASELTS EESTI KREDIIDIPANK LATVIJAS FILIĀLE LV**MOSB **** **** **** * MOSB LV2XXXX
25. DANSKE BANK FILIĀLE LATVIJĀ LV**MARA **** **** **** * MARA LV22XXX
26. LUMINOR BANK AS LV**NDEA **** **** **** * NDEA LV2XXXX
27. OP CORPORATE BANK PLC FILIĀLE LATVIJĀ LV**OKOY **** **** **** * OKOY LV2XXXX
28. SVENSKA HANDELSBANKEN AB LATVIJAS FILIĀLE LV**HAND **** **** **** * HAND LV22XXX
29. SABIEDRĪBA AR IEROBEŽOTU ATBILDĪBU "TRANSFERTA" LV**TRSF **** **** **** * TRSF LV21XXX
30. CLEAR JUNCTION LIMITED LV**CLJU **** **** **** * CLJU GB21XXX
31. DECTA LIMITED LV**DCTT **** **** **** * DCTT GB21XXX

 

BIC list

*IBAN - International Bank Account Number
**BIC - Business Identifier Code