Question 1

What is the SWIFT code for THE CYPRUS DEVELOPMENT BANK PUBLIC COMPANY Ltd?

Accepted Answer

The SWIFT/BIC code for THE CYPRUS DEVELOPMENT BANK PUBLIC COMPANY Ltd is CYDBCY2N. This 8-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to THE CYPRUS DEVELOPMENT BANK PUBLIC COMPANY Ltd?

Accepted Answer

To send money internationally to THE CYPRUS DEVELOPMENT BANK PUBLIC COMPANY Ltd, provide your bank with the SWIFT/BIC code CYDBCY2N (NICOSIA (LEFKOSIA), Cyprus) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is THE CYPRUS DEVELOPMENT BANK PUBLIC COMPANY Ltd a SEPA member?

Accepted Answer

Yes, THE CYPRUS DEVELOPMENT BANK PUBLIC COMPANY Ltd is a SEPA (Single Euro Payments Area) member. Euro transfers within the SEPA zone can be processed as fast, low-cost SEPA Credit Transfers using the recipient's IBAN, with no SWIFT fees required for intra-SEPA payments.

Question 4

What does the BIC code CYDBCY2N mean?

Accepted Answer

In the BIC code CYDBCY2N: "CYDB" is the institution code identifying THE CYPRUS DEVELOPMENT BANK PUBLIC COMPANY Ltd, "CY" is the ISO 3166-1 country code for Cyprus, and "2N" is the location code indicating the bank's city or timezone zone.

CYDBCY2N

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