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. 

ADDITIONAL INFORMATION ON LATVIA'S IBAN

Latvia's IBAN is generated in accordance with the Regulations on the Use of the International Bank Account Number developed by the Financial and Capital Market Commission (FCMC) and approved on 12 December 2013. 

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