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Details for the SWIFT/BIC Code: ARABPS22050

The SWIFT/BIC Code ARABPS22050 is issued by ARAB BANK PLC in Palestine. The issuing Bank's Bank code is 050 and The Bank Brach is 050, located in BETHLEHEM

SWIFT/BIC Code Details

SWIFT Code ARABPS22050
Bank ARAB BANK PLC
City BETHLEHEM
Branch Name (BETHLEHEM BRANCH)
Bank Code ARAB
Country Code PS
Branch Code 050
Location Code 22

Constructing the SWIFT code

ARAB

Bank Code

PS

Country Code

22

Location Code

050

Branch Code

  • Bank Code A-Z

    4 letters representing the bank. It usually looks like a shortened version of that bank's name.

  • Country Code A-Z

    2 letters representing the country the bank is in.

  • Location Code 0-9 A-Z

    2 characters made up of letters or numbers. It says where that bank's head office is.

  • Branch Code 0-9 A-Z

    3 digits specifying a particular branch. 'XXX' represents the bank’s head office.


Country Map Palestine


About Palestine


The defeat of the Ottoman Empire in World War I resulted in the dismantling of their rule.[39] In 1920, the League of Nations granted Britain the mandate to govern Palestine, leading to the subsequent period of British administration.[39] In 1917, Jerusalem was captured by British forces led by General Allenby, marking the end of Ottoman rule in the city.[39] By 1920, tensions escalated between Jewish and Arab communities, resulting in violent clashes and riots across Palestine.[39] The League of Nations approved the British Mandate for Palestine in 1922, entrusting Britain with the administration of the region.[39] Throughout the 1920s, Palestine experienced growing resistance from both Jewish and Arab nationalist movements, which manifested in sporadic violence and protests against British policies.[39] In 1929, violent riots erupted in Palestine due to disputes over Jewish immigration and access to the Western Wall in Jerusalem.[39] The 1930s witnessed the outbreak of the Arab Revolt, as Arab nationalists demanded an end to Jewish immigration and the establishment of an independent Arab state.[39] In response to the Arab Revolt, the British deployed military forces and implemented stringent security measures in an effort to quell the uprising.[39] Arab nationalist groups, led by the Arab Higher Committee, called for an end to Jewish immigration and land sales to Jews.[40] The issuance of the 1939 White Paper by the British government aimed to address escalating tensions between Arabs and Jews in Palestine.[40] This policy document imposed restrictions on Jewish immigration and land purchases, with the intention to limit the establishment of a Jewish state.[40] Met with strong opposition from the Zionist movement, the White Paper was perceived as a betrayal of the Balfour Declaration and Zionist aspirations for a Jewish homeland.[40] In response to the White Paper, the Zionist community in Palestine organized a strike in 1939, rallying against the restrictions on Jewish immigration and land acquisition.[40] This anti-White Paper strike involved demonstrations, civil disobedience, and a shutdown of businesses.[40] Supported by various Zionist organizations, including the Jewish Agency and the Histadrut (General Federation of Jewish Labor), the anti-White Paper strike aimed to protest and challenge the limitations imposed by the British government.[40] In the late 1930s and 1940s, several Zionist militant groups, including the Irgun, Hagana, and Lehi, carried out acts of violence against British military and civilian targets in their pursuit of an independent Jewish state.[40] While the Grand Mufti of Jerusalem, Haj Amin al-Husseini, collaborated with Nazi Germany during World War II, not all Muslims supported his actions, and there were instances where Muslims helped rescue Jews during the Holocaust.[40][failed verification][opinion] In 1946, a bombing orchestrated by the Irgun at the King David Hotel in Jerusalem resulted in the deaths of 91 people, including British officials, civilians, and hotel staff.[40] Menachem Begin and Yitzhak Shamir, who later became political leaders in the state of Israel, were behind these terrorist attacks.[41] The Exodus 1947 incident unfolded when a ship carrying Jewish Holocaust survivors, who sought refuge in Palestine, was intercepted by the British navy, leading to clashes and the eventual deportation of the refugees back to Europe.[40] During World War II, Palestine served as a strategically significant location for British military operations against Axis forces in North Africa.[40] In 1947, the United Nations proposed a partition plan for Palestine, suggesting separate Jewish and Arab states, but it was rejected by Arab nations while accepted by Jewish leaders.[40] Arab–Israeli wars In 1947, the UN adopted a partition plan for a two-state solution in the remaining territory of the mandate. The plan was accepted by the Jewish leadership but rejected by the Arab leaders, and Britain refused to implement the plan. On the eve of final British withdrawal, the Jewish Agency for Israel, headed by David Ben-Gurion, declared the establishment of the State of Israel according to the proposed UN plan. The Arab Higher Committee did not declare a state of its own and instead, together with Transjordan, Egypt, and the other members of the Arab League of the time, commenced military action resulting in the 1948 Arab–Israeli War. During the war, Israel gained additional territories that were designated to be part of the Arab state under the UN plan. Egypt occupied the Gaza Strip, and Transjordan occupied and then annexed the West Bank. Egypt initially supported the creation of an All-Palestine Government but disbanded it in 1959. Transjordan never recognized it and instead decided to incorporate the West Bank with its own territory to form Jordan. The annexation was ratified in 1950 but was rejected by the international community. In 1964, when the West Bank was controlled by Jordan, the Palestine Liberation Organization was established there with the goal to confront Israel. The Palestinian National Charter of the PLO defines the boundaries of Palestine as the whole remaining territory of the mandate, including Israel. The Six-Day War in 1967, when Israel fought against Egypt, Jordan, and Syria, ended with Israel occupying the West Bank and the Gaza Strip, besides other territories.[42][better source needed] Following the Six-Day War, the PLO moved to Jordan, but relocated to Lebanon in 1971.[43][better source needed] The October 1974 Arab League summit designated the PLO as the "sole legitimate representative of the Palestinian people" and reaffirmed "their right to establish an independent state of urgency".[44] In November 1974, the PLO was recognized as competent on all matters concerning the question of Palestine by the UN General Assembly granting them observer status as a "non-state entity" at the UN.[45][46] Through the Camp David Accords of 1979, Egypt signaled an end to any claim of its own over the Gaza Strip. In July 1988, Jordan ceded its claims to the West Bank—with the exception of guardianship over Haram al-Sharif—to the PLO. After Israel captured and occupied the West Bank from Jordan and Gaza Strip from Egypt, it began to establish Israeli settlements there. Administration of the Arab population of these territories was performed by the Israeli Civil Administration of the Coordinator of Government Activities in the Territories and by local municipal councils present since before the Israeli takeover. In 1980, Israel decided to freeze elections for these councils and to establish instead Village Leagues, whose officials were under Israeli influence. Later this model became ineffective for both Israel and the Palestinians, and the Village Leagues began to break up, with the last being the Hebron League, dissolved in February 1988.[47] Uprising, declaration and peace treaty The First Intifada broke out in 1987, characterized by widespread protests, strikes, and acts of civil disobedience by Palestinians in the Gaza Strip and the West Bank against Israeli occupation.[23] In November 1988, the PLO legislature, while in exile, declared the establishment of the "State of Palestine".[23] In the month following, it was quickly recognized by many states, including Egypt and Jordan.[23] In the Palestinian Declaration of Independence, the State of Palestine is described as being established on the "Palestinian territory", without explicitly specifying further.[23][48] After the 1988 Declaration of Independence, the UN General Assembly officially acknowledged the proclamation and decided to use the designation "Palestine" instead of "Palestine Liberation Organization" in the UN.[23][48] In spite of this decision, the PLO did not participate at the UN in its capacity of the State of Palestine's government.[49] Violent clashes between Palestinian protesters and Israeli forces intensified throughout 1989, resulting in a significant loss of life and escalating tensions in the occupied territories.
Read More about Palestine at Wikipedia

Frequently Asked Questions

What is a SWIFT Code?

The SWIFT code is a unique code that identifies a specific bank in international transactions. It is also known as the BIC code.

How does a SWIFT Code work?

The SWIFT code is used to facilitate international payments by identifying the receiving bank in the global banking system.

Why is the SWIFT Code important?

The SWIFT code ensures that international payments reach the correct bank quickly and efficiently, reducing errors and delays.

How to obtain a SWIFT Code?

You can obtain your bank’s SWIFT code by looking it up on their website or contacting their customer service.

Is the SWIFT Code the same as the IBAN?

No, the SWIFT code identifies a bank for international transactions, while the IBAN identifies a specific bank account.

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