SWIFT Code BOERERAI — BANK OF ERITREA, ASMARA

About SWIFT Code BOERERAI — BANK OF ERITREA, ASMARA

SWIFT code BOERERAI is the official 8-character head-office BIC (Bank Identifier Code) for BANK OF ERITREA in ASMARA, Eritrea. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BANK OF ERITREA for all outward international remittances from ASMARA. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code BOERERAI

The code BOERERAI follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code BOERERAI

Receiving International Wire Transfers

To receive money from abroad at your BANK OF ERITREA account in ASMARA, share SWIFT code BOERERAI with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BANK OF ERITREA, ASMARA must provide SWIFT code BOERERAI. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BANK OF ERITREA in ASMARA rely on SWIFT code BOERERAI for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BANK OF ERITREA →

For cheque clearing or NACH mandates, use the MICR code for BANK OF ERITREA →

For TDS challan deposits, find the BSR code for BANK OF ERITREA →

How SWIFT Code BOERERAI Routes an International Transfer

1. Initiation: The sender provides SWIFT code BOERERAI and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BANK OF ERITREA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BANK OF ERITREA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code BOERERAI

• Spaces or lowercase letters — Always enter BOERERAI uppercase with no spaces.
• Using the wrong city — This code is for ASMARA only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Eritrea.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm BOERERAI directly with BANK OF ERITREA's ASMARA branch or via the SWIFT BIC Directory.