SWIFT Code PRSGGE22 — PROGRESSBANK, TBILISI

About SWIFT Code PRSGGE22 — PROGRESSBANK, TBILISI

SWIFT code PRSGGE22 is the official 8-character head-office BIC (Bank Identifier Code) for PROGRESSBANK in TBILISI, Georgia. 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 PROGRESSBANK for all outward international remittances from TBILISI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code PRSGGE22

The code PRSGGE22 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code PRSGGE22

Receiving International Wire Transfers

To receive money from abroad at your PROGRESSBANK account in TBILISI, share SWIFT code PRSGGE22 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 PROGRESSBANK, TBILISI must provide SWIFT code PRSGGE22. 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 PROGRESSBANK in TBILISI rely on SWIFT code PRSGGE22 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 PROGRESSBANK →

For cheque clearing or NACH mandates, use the MICR code for PROGRESSBANK →

For TDS challan deposits, find the BSR code for PROGRESSBANK →

How SWIFT Code PRSGGE22 Routes an International Transfer

1. Initiation: The sender provides SWIFT code PRSGGE22 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 PROGRESSBANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: PROGRESSBANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code PRSGGE22

• Spaces or lowercase letters — Always enter PRSGGE22 uppercase with no spaces.
• Using the wrong city — This code is for TBILISI 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 Georgia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm PRSGGE22 directly with PROGRESSBANK's TBILISI branch or via the SWIFT BIC Directory.