Greenwich Merchant Bank SWIFT Code: GMBLNGLA and GMBLNGLAXXX
Greenwich Merchant Bank Limited is associated with the SWIFT/BIC GMBLNGLA. The corresponding 11-character head-office form is GMBLNGLAXXX.
Greenwich Merchant Bank SWIFT code
| Bank | Greenwich Merchant Bank Limited |
|---|---|
| 8-character BIC | GMBLNGLA |
| 11-character BIC | GMBLNGLAXXX |
| Country | Nigeria |
| City | Lagos |
| Listed address | Plot 1698A Oyin Jolayemi Street, Victoria Island, Lagos |
What does GMBLNGLA mean?
The four-character institution code is GMBL. The country component is NG, representing Nigeria, while LA forms the location component.
Adding XXX creates the 11-character head-office form, GMBLNGLAXXX.
Why a SWIFT code is used
When money moves between banks in different countries, the financial institutions need standardized identifiers. A SWIFT/BIC helps identify the destination institution in international payment instructions.
For a Greenwich Merchant Bank customer receiving an overseas payment, the sender may therefore request the bank’s BIC before initiating the transfer.
Details needed beyond the BIC
The SWIFT code alone is not enough to identify an individual beneficiary. The sender may need:
- Beneficiary’s name.
- Account number.
- Bank name.
- SWIFT/BIC.
- Bank address.
- Currency.
- Payment amount.
- Purpose or reference.
- Correspondent-bank details if required.
GMBLNGLA versus GMBLNGLAXXX
The eight-character code is GMBLNGLA. The 11-character version adds XXX. These are related forms of the same BIC, not two different banks.
If a payment form specifically asks for an 11-character BIC, use the full code supplied by the receiving bank. Do not invent a branch suffix.
Why you should verify correspondent details
Some international payments involve intermediary banks. The correspondent institution can depend on the payment currency and route. If Greenwich Merchant Bank provides correspondent instructions for the payment, those instructions should be followed exactly.
Common mistakes
- Confusing GMBLNGLA with a domestic bank code.
- Entering an incorrect beneficiary account number.
- Adding a guessed branch code.
- Using outdated payment instructions.
- Leaving out required intermediary details.
Frequently asked questions
What is Greenwich Merchant Bank’s SWIFT code?
The eight-character BIC is GMBLNGLA.
What is GMBLNGLAXXX?
It is the 11-character head-office version of the Greenwich Merchant Bank BIC.
Can I use GMBLNGLA for an international payment?
It is the publicly listed institutional BIC. Always use the current payment instructions supplied by the bank for the transaction.
Does the SWIFT code replace the account number?
No. Both details identify different parts of the payment.