Latvian IBAN Format & IBAN Structure Example

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The Latvia IBAN format consists of a two-letter country code, two check digits and a Basic Bank Account Number (BBAN). The BBAN includes information about the domestic bank and account number. Below you'll find examples for Latvian IBAN numbers, format, structure, bank account breakdown, and the Latvia IBAN technical specification.

IBAN example in Latvia

Standard IBANLV80BANK0000435195001
IBAN print formatLV80 BANK 0000 4351 9500 1
Country codeLV
Checksum digits80
Bank codeBANK
Account number0000435195001
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IBAN structure in Latvia

A Latvian IBAN consists of 21 alpha-numeric characters:

  • 2 letter country code
  • 2 digit checksum number
  • 4 characters from the bank's SWIFT / BIC or bank identification number
  • 13 digit code for the bank account number

Latvian IBAN codes contain all the country, bank, and account details required to send or receive money internationally.

Latvian banks assign IBAN codes to each individual account to make sure that international transfers are processed correctly.

IBAN codes are used throughout Europe, and also accepted in some areas of the Middle East, North Africa and the Caribbean.

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Latvian IBAN Technical Specification

Data ElementDescription - Pattern - Example
Name of countryLatvia
IBAN prefix country code (ISO 3166)LV
Country code includes other countries/territoriesN/A
SEPA countryYes
SEPA country also includesN/A
Domestic account number exampleLV80 BANK 0000 4351 9500 1
BBAN
BBAN structure4!a13!c
BBAN length17
Bank identifier position within the BBAN1-4
BBAN exampleBANK0000435195001
IBAN
IBAN structureLV2!n4!a13!c
IBAN length21
Effective dateApr-07
IBAN electronic format exampleLV80BANK0000435195001
IBAN print format exampleLV80 BANK 0000 4351 9500 1
Contact Details
OrganisationBank of Latvia
DepartmentPayment Systems
Street AddressK. Valdemāra 2a
City / PostcodeRiga, LV-1050
Central Bank Websitehttps://www.bank.lv/lat/main/all/
Updates
Last update dateJan-09

IBAN specification conventions

Character representations:
  • n - Digits (numeric characters 0 to 9 only)
  • a - Upper case letters (alphabetic characters A-Z only)
  • c - Upper and lower case alphanumeric characters (A-Z, a-z and 0-9)
  • e - Blank space
Length indications:
  • nn! - Fixed length
  • nn - Maximum length
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ISO 13616-compliant national Latvian IBAN breakdown

IBAN (print format)LV80 BANK 0000 4351 9500 1
IBAN (electronic format)LV80BANK0000435195001
ISO Country CodeLV (Latvia)
IBAN CheckSum Digits80
IBAN Length21
BBANBANK0000435195001
BBAN Length17
Bank IdentifierBANK
Account Number0000435195001
SEPA MemberYes
CurrencyEUR (Euro)
Organization NameBank of Latvia

Terms and definitions

IBAN: stands for International Bank Account Number: The expanded version of the basic bank account number (BBAN), intended for use internationally. The IBAN uniquely identifies an individual account, at a specific financial institution, in a particular country and generally has a lenght of up to 34 alphanumeric characters. It is the ISO 13616 international standard for numbering bank accounts.

IBAN Structure: The IBAN structure is defined in ISO 13616-1 and consists of a two-letter ISO 3166-1 country code, followed by two check digits and up to thirty alphanumeric characters for a BBAN (Basic Bank Account Number) which has a fixed length per country and, included within it, a bank identifier with a fixed position and a fixed length per country. The check digits are calculated based on the scheme defined in ISO/IEC 7064 (MOD97-10).

Bank identifier: The identifier that uniquely identifies the financial institution and, when appropriate, the branch of that financial institution servicing an account. The branch identifier format is shown specifically, where present.

BBAN: basic bank account number: The identifier that uniquely identifies an individual account, at a specific financial institution, in a particular country. The BBAN includes a bank identifier of the financial institution servicing that account.

Checksum: The check digits enable validation of the bank account number at source to confirm its integrity before submitting a transaction.

Print format: The IBAN print format adds one space after every four characters whereas the electronic format contains no spaces.