Bank Code Verified


Swift Code: BRINIDJA346






Country: Indonesia

Anto Swift Codes: Explaining the purpose and importance of Swift codes

In the world of international banking, swift codes play a vital role in facilitating secure and efficient transactions across borders. These unique codes, also known as Bank Identifier Codes (BICs), are used to identify specific banks and financial institutions worldwide.

In this article, we will explore the purpose and importance of swift codes, as well as their role in connecting with other financial institutions globally. What is a swift code?

A swift code is a unique alphanumeric code that consists of 8 or 11 characters, representing a specific bank or financial institution. These codes are standardized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a cooperative society based in Belgium.

The SWIFT network is used by financial institutions to securely communicate and exchange financial information globally.

The purpose of a swift code

The primary purpose of a swift code is to facilitate the identification of banks and financial institutions during international transactions. When a transaction is initiated between two parties, the swift code is used to ensure that the correct financial institution is involved.

This helps to minimize the risk of error and ensures that funds are correctly routed to the intended recipient.

The structure of a swift code

A swift code consists of four components: the bank code, the country code, the location code, and the branch code (if applicable). Let’s take a closer look at each component:


Bank code: This 4-character alphanumeric code represents the bank or financial institution. It is unique to each bank and allows for easy identification.

2. Country code: This 2-character code represents the country in which the bank or financial institution is located.

For example, “ID” represents Indonesia. 3.

Location code: This 2-character code represents the city where the bank or financial institution is located. In the case of our example, “JA” represents Jakarta.

4. Branch code: This optional 3-character code represents a specific branch of a bank.

It is used when there are multiple branches within a city. In our example, the branch code is “346” for the Pasar Pagi branch.

The significance of swift codes in international banking

Swift codes play a crucial role in international banking by ensuring the secure and efficient transfer of funds between different financial institutions. Here are some key aspects to consider:


Global connectivity: Swift codes enable banks and financial institutions to connect with each other globally. With the increasing globalization of businesses, swift codes have become essential for cross-border transactions.

They provide a standardized method of identification, enabling seamless communication between financial institutions across the world. 2.

Enhanced security: Swift codes are essential in maintaining the security of international transactions. By using a unique identifier, swift codes help to ensure that funds are transferred to the correct financial institution.

This reduces the risk of fraud or misrouting of funds, giving confidence to both the sender and receiver. 3.

Efficient transactions: Swift codes streamline the process of transferring funds internationally. By providing accurate and standardized information about the receiving bank, swift codes minimize errors and speed up the transaction process.

This efficiency is particularly important in a global business environment, where timely payments can make a significant difference. 4.

Compliance with regulations: Swift codes also play a vital role in ensuring compliance with international regulations. Financial institutions are required to provide accurate information about their counterparts during international transactions.

Swift codes enable banks to fulfill these regulatory requirements and maintain transparency in their operations. In conclusion, swift codes are instrumental in facilitating secure and efficient international transactions.

They serve as unique identifiers for banks and financial institutions, allowing for seamless communication and transfer of funds globally. With their global connectivity, enhanced security, efficiency, and compliance with regulations, swift codes play a crucial role in the interconnected world of international banking.



Bank Rakyat Indonesia (Persero), Tbk, commonly known as Bank BRI, is one of the largest state-owned banks in Indonesia. Established in 1895, Bank BRI has played a significant role in the country’s financial sector, providing a wide range of banking services to individual customers, micro, small, and medium enterprises (MSMEs), as well as corporate clients.

Let’s delve into the history, services, and achievements of this prominent bank.

History and Background

Bank BRI was founded under the name “De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden” in Purwokerto, Central Java, during the Dutch colonial era. The bank initially served as a financial institution for indigenous rulers and Dutch civil servants.

Over the years, it underwent several name changes and transformations until it became PT. Bank Rakyat Indonesia (Persero), Tbk in 1992.

Bank BRI’s Services

Bank BRI offers a diverse range of banking services to cater to the needs of its customers. These services include:


Retail Banking: Bank BRI provides various retail banking products and services, including savings accounts, current accounts, credit cards, and personal loans. These offerings are designed to meet the financial needs and aspirations of individual customers.

2. Microfinance: Bank BRI is renowned for its microfinance services, which target micro, small, and medium enterprises (MSMEs) in Indonesia.

The bank recognizes the importance of these enterprises in driving economic growth and provides tailored financial solutions to support their development and sustainability. 3.

SME Banking: Bank BRI also focuses on serving small and medium-sized enterprises (SMEs), which play a vital role in Indonesia’s economy. The bank offers a range of banking products and services specifically designed to address the unique challenges faced by SMEs.


Corporate Banking: Bank BRI caters to the needs of corporate clients by providing a comprehensive suite of services, including working capital financing, project financing, trade finance, and treasury services. These services assist companies in managing their financial operations effectively.

5. Electronic Banking: To keep up with the digital era, Bank BRI offers a wide range of electronic banking services.

These include internet banking, mobile banking, ATM services, and e-commerce payment solutions, enabling customers to conduct their banking transactions conveniently and securely.

Achievements and Recognition

Over the years, Bank BRI has achieved numerous milestones and earned recognition for its performance and contribution to the banking sector. Some notable achievements include:


Financial Inclusion: Bank BRI has been at the forefront of financial inclusion efforts in Indonesia. It has actively reached out to unbanked and underbanked communities, providing them with access to banking services and promoting financial literacy.

2. Agriculture Financing: Bank BRI has been a significant supporter of the agricultural sector, which plays a crucial role in Indonesia’s economy.

The bank has pioneered agricultural financing programs, helping farmers and agribusinesses access the funding they need to enhance productivity and sustain their livelihoods. 3.

Digital Innovation: Bank BRI has embraced digital innovation to enhance its services and improve customer experience. It was the first bank in Indonesia to launch mobile banking services, which have transformed the way customers manage their finances.

4. Corporate Social Responsibility: Bank BRI is committed to giving back to society and has implemented various corporate social responsibility (CSR) programs.

These initiatives focus on areas such as education, healthcare, and environmental preservation, making a positive impact on communities across Indonesia. In conclusion, PT.

Bank Rakyat Indonesia (Persero), Tbk, commonly known as Bank BRI, is a prominent state-owned bank in Indonesia with a rich history and a diverse range of banking services. The bank’s focus on retail banking, microfinance, SME banking, and corporate banking allows it to cater to the needs of a wide range of customers.

Bank BRI’s commitment to digital innovation, financial inclusion, and corporate social responsibility further solidifies its position as a leader in the Indonesian banking sector.

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