IBAN (International Bank Account Number) is a standard for the international bank account number.
IBAN has been introduced to all countries – members of the European Union. Bulgaria is the 43-d country in the world, which introduced the IBAN.
Since 05.06.2006 the use of IBAN and BIC in the country becomes obligatory in the performance of local and cross-border payments.
The BIC code of Central Cooperative Bank Plc is CECBBGSF.
Each country that has adopted the IBAN determines on its own the format and the length of the accounts, whereas the maximum length of the IBAN may be up to 34 characters.
In Bulgaria the international bank account numbers – IBAN have a length of 22 characters, representing a sequence of 22 characters - a combination of Arabic numbers from 0 to 9 included and capital Latin letters from А to Z included.
BG XX CECB 9790 АААА АААА АА, where:
BG – the code of the Republic of Bulgaria;
XX – control digit, which serves for verification of the account accuracy;
CECB – the first 4 characters of the BIC /Bank Identification Code/ of Central Cooperative Bank Plc, which is CECBBGSF.
9790 – BAU (bank addressable unit), which for all branches of Central Cooperative Bank Plc is 9790.
АААА АААА АА – a sequence of digits and letters, which in a unique way identify the accounts of a client at the Bank.