Established in 1991, National Bank of the Republic of Macedonia is the central bank of Macedonia. The primary objective of the National Bank is to achieve and to maintain price stability. The National Bank of Macedonia defines and implements the monetary policy, designs and conducts the exchange rate policy, holds and manages foreign reserves, issues and manages the banknotes and coins of the Republic of Macedonia, performs licensing and supervision of banks, savings houses, e-money issuers and other financial institutions.
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of National Bank of the Republic of Macedonia and its components are shown in the table below.
|Bank BIC Code||NBRM|
|Country Code||MK (Macedonia)|
Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.
|Bank Sort Code||100|