RIKOLV2XIPA — LUMINOR BANK AS LATVIAN BRANCH

The SWIFT code RIKOLV2XIPA identifies LUMINOR BANK AS LATVIAN BRANCH in RIGA, Latvia. This branch code is used for cross-border payments and SWIFT network routing.

The 8 or 11 characters of RIKOLV2XIPA are parsed as follows: characters 1-4 (RIKO) represent the bank code for LUMINOR BANK AS LATVIAN BRANCH; characters 5-6 (LV) indicate the country code for Latvia; characters 7-8 (2X) specify the location code; and the final characters (IPA) designate the specific branch.

RIKOLV2XIPA is formatted as a valid ISO 9362 Business Identifier Code and is listed in our reference directory for LUMINOR BANK AS LATVIAN BRANCH in RIGA, Latvia. Our directory records come from an open community compilation last updated in 2024, so listing is not confirmation of current status — SWIFT does not publish a free live status feed. Always confirm the code with the beneficiary bank before sending funds.

The physical address registered for RIKOLV2XIPA is: SKANSTES STREET 12, LV-1013, RIGA, Latvia. Verify this address matches your recipient's branch details before initiating a transaction.

An 8-character BIC (BIC8) identifies an institution's primary head office, while an 11-character BIC (BIC11) specifies a distinct branch or department. Appending 'XXX' to RIKOLV2X forms the conventional head-office branch suffix; both formats route validly on the network.

RIKOLV2XIPA identifies the IPA branch of LUMINOR BANK AS LATVIAN BRANCH in RIGA, Latvia. The branch code characters 'IPA' target this specific clearing node directly within LUMINOR BANK AS LATVIAN BRANCH's branch network.

SWIFT codes like RIKOLV2XIPA identify the bank institution, while IBANs (ISO 13616) identify the individual customer account. Within SEPA (ECB SEPA), IBANs are sufficient for routing; outside SEPA, both SWIFT BIC and account number are typically required.

Using an incorrect code can delay transfers, cause payment returns, or route funds to an incorrect institution. Correspondent banks along the route may charge return processing fees, and currency conversion losses may occur. Always verify details with the beneficiary.

International SWIFT wires typically settle within 1 to 5 business days, depending on time zones, clearing cut-offs, correspondent hops (BIS CPMI), and compliance checks.

When sending and receiving banks lack direct clearing accounts, transfers route through intermediary correspondent banks (BIS CPMI) that maintain shared Nostro/Vostro accounts. Each hop may deduct a handling fee.

RIKOLV2XIPA routes international cross-border transfers. Domestic clearing arrangements vary in Latvia; confirm with the beneficiary bank before sending funds. SWIFT/BIC codes handle international wire entry.

This record is sourced from an open community BIC compilation (2024 vintage). For full data provenance, see our Data Sources Register.

Confirm the exact BIC and account details directly with your beneficiary, verify beneficiary bank name match, and beware of invoice fraud. Reference directories are for verification support.