Bank Code Verified


Swift Code: CRPPIT2P612


Address: VIALE TROYA 22


Branch: MILANO AG. 42

Postcode: 20144

Country: Italy

The Importance of Swift Codes in the Global Banking SystemIn today’s interconnected world, where international trade and financial transactions have become the norm, a system is needed to ensure secure and efficient communication between banks around the globe. This is where Swift codes come in.

Swift codes, also known as Bank Identifier Codes (BIC), play a crucial role in facilitating international banking and ensuring that money flows smoothly across borders. In this article, we will explore the purpose and importance of Swift codes, as well as their role in international banking.

What are Swift Codes? A Swift code is a unique alphanumeric code that identifies specific banks or financial institutions in the global banking network.

It acts as a universal identifier, enabling banks to communicate and conduct transactions with one another securely and efficiently. Swift codes are assigned by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a cooperative entity that provides a secure messaging network for financial institutions worldwide.

The Purpose of Swift Codes:

Swift codes serve multiple purposes within the global banking system:

1. Identification: Swift codes primarily serve to identify and differentiate banks and financial institutions from one another.

Each bank is assigned a unique Swift code, which helps in accurately routing messages and transactions to the intended recipient. 2.

Communication: Swift codes enable secure and standardized communication between banks. Through the Swift network, banks can exchange various types of messages, including payment instructions, account statements, and trade confirmations, among others.

This standardized communication ensures that banks can effectively collaborate and conduct transactions across different time zones and language barriers. 3.

Verification: Swift codes provide an extra layer of verification during international transactions. By including the Swift code of the recipient bank, the sending bank can confirm that the money is being transferred to the correct institution.

This helps prevent fraudulent activities and ensures that funds reach their intended destination. The Role of Swift Codes in International Banking:


Facilitating International Transactions:

In the globalized economy, businesses and individuals frequently engage in cross-border transactions. Swift codes play a key role in facilitating these transactions by providing a standardized method for identifying and communicating with foreign banks.

When initiating an international payment, the sender’s bank uses the recipient bank’s Swift code to ensure that the funds are accurately routed. This helps to reduce errors and delays in the payment process, allowing businesses to efficiently conduct their international operations.

2. Connecting Financial Institutions:

Swift codes act as the glue that connects financial institutions across the globe.

The unique identifier ensures that messages are delivered securely and quickly across different banking networks. This interconnectedness is crucial for collaborative efforts such as syndicated loans, foreign exchange, and trade finance.

By utilizing Swift codes, banks can overcome geographical and technological barriers, enabling smooth and efficient cross-border transactions. 3.

Ensuring Financial Safety and Compliance:

In the era of heightened regulations and compliance requirements, it is crucial for banks to have a secure and reliable system for transferring funds internationally. Swift codes provide an added layer of security by ensuring that transactions are processed through a trusted messaging network.

Each Swift message is authenticated and encrypted, reducing the risk of unauthorized access or tampering. Additionally, Swift codes also help banks satisfy regulatory requirements by maintaining accurate records of all transactions, which can be easily audited.


Swift codes are a vital component of the global banking system, enabling secure and efficient communication between banks worldwide. They ensure that international transactions can be conducted smoothly, while also providing an extra layer of security and compliance.

As the global economy continues to evolve, the importance of Swift codes in facilitating seamless cross-border transactions will only increase. So, the next time you engage in an international payment, remember the Swift code the key that connects banks and keeps the wheels of international finance turning.


Founded in 1894, Credit Agricole Italia S.p.A. is a prominent banking institution in Italy. With its headquarters located in Milan, the bank provides a wide range of financial services to individuals, businesses, and institutions across the country.

As a subsidiary of Credit Agricole S.A., a leading international banking group based in France, Credit Agricole Italia S.p.A. benefits from its global network and expertise, offering innovative banking solutions tailored to the needs of its customers. Branches and Services:

Credit Agricole Italia S.p.A. boasts an extensive network of branches strategically located across Italy.

One of its notable branches is the Milan Ag. 42 branch, situated on Viale Troya 22, in the bustling city of Milan. This particular branch provides a host of banking services to both retail and corporate clients, including personal banking, wealth management, corporate banking, and investment services.

Personal Banking:

Credit Agricole Italia S.p.A. understands the diverse financial needs of its individual customers, and its personal banking offerings reflect this. Whether customers need assistance with day-to-day banking, mortgage loans, consumer loans, or insurance solutions, the bank aims to provide comprehensive and competitive services.

Furthermore, Credit Agricole Italia S.p.A. offers digital banking services, allowing customers to easily manage their finances through online and mobile platforms. Wealth Management:

For clients seeking professional investment and wealth management guidance, Credit Agricole Italia S.p.A. offers personalized solutions.

Through their team of experts, the bank provides tailored investment advice, portfolio management, and financial planning services. With a deep understanding of the Italian market and access to global investment opportunities, Credit Agricole Italia S.p.A. aims to help its clients achieve their financial goals while mitigating risk.

Corporate Banking:

Acknowledging the unique needs of businesses and institutions, Credit Agricole Italia S.p.A. offers a comprehensive suite of corporate banking solutions. From cash management services and trade finance to capital market operations and advisory services, the bank strives to support the growth and success of its corporate clients.

Credit Agricole Italia S.p.A.’s expertise in various sectors, such as agriculture, agri-food, and renewable energy, enables it to provide specialized solutions to clients in these industries. Investment Services:

Credit Agricole Italia S.p.A. also caters to clients interested in investment opportunities.

Whether individuals are seeking assistance with securities trading, mutual funds, or other investment products, the bank aims to provide expert guidance and a wide range of investment options. Credit Agricole Italia S.p.A. is committed to helping clients make informed investment decisions based on their financial objectives and risk appetite.

Overall, Credit Agricole Italia S.p.A. stands as a reliable and customer-oriented banking institution in Italy, offering a diverse range of financial products and services to cater to the unique needs of its customers. With its strong parent company, Credit Agricole S.A., and its global presence, Credit Agricole Italia S.p.A. is well-positioned to serve as a trusted partner for individuals, businesses, and institutions seeking reliable financial solutions.

Common Uses of Swift Codes

Swift codes play a integral role in facilitating various types of international transactions across the globe. These unique codes are used by banks and financial institutions for a multitude of purposes, such as:


International Wire Transfers: Swift codes are crucial when sending money internationally. When initiating a wire transfer, the sender’s bank utilizes the recipient bank’s Swift code to ensure the funds are routed accurately.

This ensures that transfers reach the intended destination quickly and securely. Without Swift codes, cross-border transactions would be considerably more complicated and prone to errors.

2. Currency Exchange: When converting one currency into another, the involvement of multiple financial institutions is often required.

Swift codes aid in ensuring that the currency exchange process is seamless and efficient. By including the appropriate Swift code, banks involved in the transaction can communicate and collaborate, enabling the quick and accurate conversion of funds.

3. Foreign Direct Investment: Swift codes are essential for facilitating foreign direct investment (FDI).

When investing in another country, individuals or businesses often need to open bank accounts in the host country’s financial institutions. The Swift code of the receiving bank is crucial for correctly identifying and directing the investment funds, ensuring a smooth and transparent investment process.

4. Trade Finance: In international trade, there are various financial transactions that take place between importers, exporters, and their respective banks.

With the help of Swift codes, banks can securely communicate and process trade-related documents, such as letters of credit, bills of exchange, and shipping guarantees. Swift codes allow financial institutions to efficiently manage the financing and risk associated with international trade.

5. Correspondent Banking: Correspondent banking is a relationship between two banks where one bank holds accounts on behalf of the other.

This arrangement enables banks to service their customers’ needs in foreign countries where they do not have a physical presence. Swift codes play a critical role in establishing and maintaining correspondent banking relationships, allowing banks to effectively communicate and process transactions on behalf of each other.

6. Business Identification: Swift codes serve as a global identifier for banks.

They are often used during business transactions and contractual agreements to accurately identify the bank involved. This ensures that both parties have access to the correct banking details and can communicate effectively.

Additionally, Swift codes are utilized by regulatory and supervisory bodies to monitor banking activities across borders. As the globalized economy continues to grow and financial transactions become increasingly complex, the importance of Swift codes is paramount.

These unique identifiers enable banks and financial institutions to connect and engage in secure and efficient international transactions. Whether it is facilitating wire transfers, currency exchange, foreign direct investment, or trade finance, Swift codes play a pivotal role in ensuring seamless financial operations across borders.

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